Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    801 Lancaster Ave Downingtown, PA 19335

    • Office Properties & Spaces
    • 0.56 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0048465
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Richard S. Ripley, DC / Chiropractor
    • Ripley Chiropractic and Wellness Center / Chiropractor
    • ASR Enterprises Inc / Marketing Agency / Audio Visual Equipment Supplier
    • Moretti Music / Music Store / Musical Instrument Rental Service
    • Al Moretti ~ Artist / Artist / Art Dealer

    Property Details for 801 Lancaster Ave

    Year built
    1971
    Lot size
    0.56 lot acres
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,200 square foot office space is ideally situated on Business Route 30 in Downingtown Borough, Pennsylvania. Boasting a high-visibility location within a thriving small shopping center, this property offers excellent signage opportunities and ample on-site parking. The interior layout includes a welcoming reception area, six individual offices providing ample space for staff or clients, a convenient powder room, a dedicated storage room, and a utility room. The property benefits from a newly installed HVAC system (2023), ensuring year-round comfort and efficiency. Tenants are responsible for electricity, water, sewer, and trash removal. An annual shared maintenance fee of $500 per unit is in place. Lease terms are flexible, with a minimum one-year lease available, and longer-term options are also considered. The listed monthly rent serves as a guideline, and final pricing may be adjusted based on the specific business use. The property sits on a 0.56-acre lot. This location is surrounded by successful businesses, making it an excellent choice for companies seeking a prominent presence in a busy commercial area. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Downingtown
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.72443
    Latitude
    39.99943

    Comparable in this City

    • Contact for pricing
      0.03 Acres

      1150 Boot Rd, Downingtown, PA 19335

      Office Properties & Spaces • 0.03 Acres
      1150 Boot Rd, Downingtown, PA 19335
      View Details
    • New
      Contact for pricing

      Downingtown Podcast Studio Opportunity

      Podcast studio space available in Downingtown with utilities included.
      4333 Lincoln Hwy E, Downingtown, PA 19335
      View Details
    • New
      Contact for pricing

      Downingtown Office Space Opportunity

      Office and co-working spaces available in Downingtown, PA.
      4333 Lincoln Hwy E, Downingtown, PA 19335
      View Details
    • Contact for pricing
      0.58 Acres

      Downingtown Land: Prime Route 322 Site

      High-traffic location, ideal for business.
      1193 Horseshoe Pike, Downingtown, PA 19335
      View Details
    • Contact for pricing

      Downingtown Business Center Space

      High-traffic location, flexible office space.
      4333 Lincoln Hwy, Downingtown, PA 19335
      View Details
    • Contact for pricing

      Downingtown Business Opportunity: Podcast Studio Space

      High-traffic location, fully equipped podcast studio, flexible rental options.
      4333 Hwy, Downingtown, PA 19335
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.03 Acres

      1150 Boot Rd, Downingtown, PA 19335

      Office Properties & Spaces • 0.03 Acres
      1150 Boot Rd, Downingtown, PA 19335
      View Details
    • New
      Contact for pricing

      Downingtown Podcast Studio Opportunity

      Podcast studio space available in Downingtown with utilities included.
      4333 Lincoln Hwy E, Downingtown, PA 19335
      View Details
    • New
      Contact for pricing

      Downingtown Office Space Opportunity

      Office and co-working spaces available in Downingtown, PA.
      4333 Lincoln Hwy E, Downingtown, PA 19335
      View Details
    • $429,900
      3,000 SF

      Downingtown Mixed-Use Investment

      Prime location, high income potential.
      137 Lancaster Ave, Downingtown, PA 19335
      View Details
    • Contact for pricing

      Downingtown Retail Spaces Available

      Retail spaces available in Downingtown, Route 30 Bypass location.
      East Lancaster Ave, Downingtown, PA 19335
      View Details
    • $985,000
      Pending

      Downingtown Land Opportunity on Boot Road

      5.26 acre land parcel in Downingtown, PA for sale.
      1020 Boot Rd, Downingtown, PA 19335
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      20,909 SF

      Downingtown Commercial Space For Lease

      Versatile commercial property in Downingtown, suitable for various businesses.
      45 W Lancaster Ave, Downingtown, PA 19335
      View Details
    • Contact for pricing
      3,800 SF

      Downingtown Office Space For Rent

      Office space in affluent area near Eagleview Corporate Center.
      164 Park Rd, Downingtown, PA 19335
      View Details
    • New
      $650 /Mo

      Furnished Office Sublease in Downingtown

      Fully furnished office space with utilities included in Downingtown, PA.
      4333 Lincoln Hwy E, Downingtown, PA 19335
      View Details
    • $18 SF/Yr
      103,880 SF

      Downingtown Office Space Available

      Class A Office Suites, Chester County, PA
      150 Pennsylvania Ave, Downingtown, PA 19335
      View Details
    • $18 SF/Yr
      6,868 SF

      Downingtown Office Space Available

      Office space featuring private offices and a large conference room.
      350 Marshallton Thorndale Rd, Downingtown, PA 19335
      View Details
    • Contact for pricing
      68,000 SF

      Downingtown Medical Office Building

      68,000 SF Medical Office, PA
      322 And Boot Rd, Downingtown, PA 19335
      View Details

    Property Visit Statistics

    • Visits by month
      4.8k
    • Visitors by month
      4.0k
    • Avg Time on site
      15 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 Lancaster Ave
    Downingtown, PA 19335
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.