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    550 Gap Newport Pike Avondale, PA 19311

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    550 Gap Newport Pike Avondale, PA 19311

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    • Lifestyle centers
    • 302,233 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • London Grove Village / Shopping Center & Mall

    Property Details for 550 Gap Newport Pike

    Property size
    302,233 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    London Grove Village, a thriving Chester County shopping center, offers exceptional retail leasing opportunities. This multi-tenant property boasts a total of 302,233 square feet of retail space, providing a diverse range of options for businesses of various sizes. Currently, there are 12 available spaces, with sizes ranging from a minimum of 1,600 square feet to a maximum contiguous space of 6,443 square feet. A significant 29,461 square feet of vacant space is readily available for immediate occupancy, presenting a unique chance to establish or expand your retail presence in a high-traffic location. The property's strategic location within Chester County ensures excellent visibility and accessibility for customers. The flexible space options cater to a wide array of retail concepts, making it an ideal location for businesses seeking a prominent position in a bustling commercial environment. This is a prime opportunity to secure retail space in a well-established and successful shopping center, benefiting from existing foot traffic and a strong local customer base. The property's size and layout offer significant potential for growth and success. Contact us today to learn more about the available spaces and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.8004
    Latitude
    39.8371

    Comparable in this City

    • Value Estimation
      $505,000
      6,355 SF

      77 Baltimore Pike

      REGIONAL SHOPPING CENTER, MALL • 6,355 SF
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    • Value Estimation by Request
      2.62 Acres

      341-437 Gap Newport Rd

      Individual retail properties • 2.62 Acres
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    • Value Estimation by Request

      Gap Newport Pike

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      0 Gap Newport Pike, Avondale, PA 19311
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    • Value Estimation by Request
      4,500 SF

      Gap Newport Pike

      Restaurants • 4,500 SF
      0 Gap Newport Pike, Avondale, PA 19311
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    • Value Estimation
      $755,000
      4,287 SF

      8955 Gap Newport Pike

      GAS STATION • 4,287 SF
      8955 Gap Newport Pike, Avondale, PA 19311-9797
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    • Value Estimation
      $2,465,000
      14,945 SF

      600 Gap Newport Pike

      RESTAURANT • 14,945 SF
      600 Gap Newport Pike, Avondale, PA 19311-9504
      View Details

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      Retail Space and Pads Available

      Retail spaces and build-to-suit pads available for lease.
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      3,760 SF

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      Retail Space for Lease

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      Retail Space in Avondale Center

      Retail space available in a shopping center anchored by Lowe's.
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      5,000 SF

      Retail Space in Chester County

      Premier shopping center location in Southern Chester County, Pennsylvania.
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      5,000 SF

      Southern Chester County Shopping Center

      Premier shopping center with available end cap and build-to-suit.
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      5,000 SF

      Southern Chester County Shopping Center

      Premier shopping center with available end cap and build-to-suit.
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      58,125 SF

      Avondale Office and Retail Space

      Office and retail spaces available for rent in Avondale.
      500 Hepburn Rd, Avondale, PA 19311
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    Avondale, PA 19311
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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.

    More about this property
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    550 Gap Newport Pike, Avondale, PA, 19311

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