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    1257 Chester Pike West Chester, PA 19382
    Property profile & analytics

    1257 Chester Pike, West Chester, PA 19382

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    • Retail properties & Spaces
    • 20,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rey Azteca of West Chester / Restaurant

    Property Details for 1257 Chester Pike

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Goshen Crossing, located at 1257 West Chester Pike in West Chester, Pennsylvania (zip code 19382), offers exceptional retail and restaurant opportunities. This multi-use shopping center boasts a total of 20,800 square feet, with 7,200 square feet currently vacant. Three spaces are immediately available, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 1,640 square feet. Situated in a densely populated area of Chester County, Goshen Crossing benefits from its high visibility and convenient location on Route 3 (West Chester Pike), ensuring significant daily traffic. Ample parking is available for customers and tenants. The surrounding area demonstrates strong household incomes and presents high barriers to entry for competitors, creating a stable and desirable market for businesses. This prime retail location presents a unique opportunity for businesses seeking high visibility and access to a thriving consumer base. The property is ideal for a variety of retail or restaurant concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5555
    Latitude
    39.9685

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      26 Street Rd

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      704 Nields St

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      1501 Chester Pike

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      3,268 SF

      7 High St

      RESTAURANT
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    Similar Nearby for Sale

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      West Chester Pike Diner Opportunity

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      Smoothie Shop Business Opportunity

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      Bonchon Chicken Franchise Opportunity

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      Retail Building on West Chester Pike

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      West Chester Pike Retail Opportunity

      Retail space available on West Chester Pike.
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      West Chester Retail Space Available

      4,620 SF retail space with prime location and visibility.
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    Similar Nearby for Lease

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      Established Shopping Center Near West Chester

      Shopping center anchored by high-volume GIANT food store.
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      Retail/Medical Office Space Available

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      2,550 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in high-traffic shopping center near West Chester.
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      Retail Space in West Chester

      Retail space available in grocery-anchored shopping center on Route 202.
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      1,219 SF

      Established Shopping Center Space

      Community shopping center space available for lease.
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    • Contact for pricing

      Retail and Warehouse Space Available

      Retail and warehouse space available for lease.
      1301 West Chester Pike, West Chester, PA 19382
      View Details
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    West Chester, PA 19382
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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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