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    Retail Destination in Pottstown Title is generated by Realmo AI

    351 W Schuylkill Rd, Pottstown, PA 19465

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    Well-anchored retail center with high visibility and easy access.

    Type:Retail
    Added:
    Nov 20, 2023
    Days on Market:
    925
    Last Refresh:
    May 12 at 8:19 pm

    Property Features for 351 W Schuylkill Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 351 W Schuylkill Rd Contact us

    We can help!

    Listing Contact
    Jane McGill
    Jane McGill

    Listing agent Jane McGill License #RS218878L

    Listing office Bennett Williams Commercial

    Listing date Nov 20, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial

    HighLights

    • Anchored by major retailers including Boscov’s, Kohl’s, Dick’s, Joann, Gabe’s and Rose’s Discount Store.
    • Located at the intersection of heavily travelled Rt. 100 & Rt. 724.
    • Easy access and excellent visibility from significant frontage on Rt. 100 (±30,364 VPD).
    • Just south of the Rt. 422 Expressway (±51,292 VPD).
    • Proven retail destination and community gathering place.
    • In the final phase of a multi‑million dollar transformation.

    Overview

    The Shoppes at Coventry is a retail destination and community gathering place in Pottstown, located at the intersection of Route 100 and Route 724, just south of the Route 422 Expressway. The center is anchored by Boscov’s, Kohl’s, Dick’s, Joann, Gabe’s and Rose’s Discount Store. Additional tenants include Books A Million, Anytime Fitness and Community Health & Dental Care. The Shoppes at Coventry offers easy access and visibility from its frontage on Route 100, a major north-south commercial artery connecting Pottstown with Exton, West Chester, Allentown, and the Lehigh Valley. The property is also situated just south of the Route 422 Expressway, the main east-west commercial road connecting King of Prussia to Collegeville, Limerick, Pottstown, and Reading. Route 100 has a traffic volume of approximately 30,364 vehicles per day, and Route 422 Expressway has a traffic volume of approximately 51,292 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    T-Mobile Mobile Phone Store Karate for Kids Sports School Community Health & Dental ... Medical Clinic China Express Restaurant Santander Bank ATM Atm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Shoppes at Coventry — 352 W Schuylkill Rd, Pottstown, PA 19465
    • Town Square Plaza — 1100 Town Square Rd, Pottstown, PA 19465
    • Coventry Mall — 351 W Schuylkill Rd, Pottstown, PA 19465

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.658581
    Latitude
    40.233491

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    FAQs

    What type of property is this?
    Shopping center - Well-anchored retail center with high visibility and easy access.
    Where is this shopping center located?
    The property is located at 351 W Schuylkill Rd Pottstown, PA.
    What are key features of this property?
    This property features: Anchored by major retailers including Boscov’s, Kohl’s, Dick’s, Joann, Gabe’s and Rose’s Discount Store.; Located at the intersection of heavily travelled Rt. 100 & Rt. 724.; Easy access and excellent visibility from significant frontage on Rt. 100 (±30,364 VPD).
    (717) 843-5555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jane McGill
    Jane McGill
    Real Estate License ID: RS218878L
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    351 W Schuylkill Rd, Pottstown, PA 19465
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