728 Springdale Dr Exton, PA 19341
- Office buildings
- 8,966 SF
- 1.00 lot acres
Current Use by Public Records
- Surfer Techologies Inc / Corporate Office
- Karen Newman / Psychiatrist
Property Details for 728 Springdale Dr
- Year built
- 1984
- Lot size
- 1.00 lot acres
- Property size
- 8,966 SF
- Zone code
- I1
- Property type
- Office buildings
- APN
- 4106 01100000
- APU
- 410601100000
Description
This exceptional two-story office building at 728 Springdale Drive, Exton, PA, offers 8,966 square feet of versatile workspace on a one-acre lot. Currently, 5,400 square feet is tenant-occupied, with an additional 3,200 square feet immediately available for owner-occupancy or lease. The property boasts a compelling 6.6% cap rate and a Net Operating Income (NOI) of $155,681. A pro forma analysis projects a 7% cap rate with a Pro Forma NOI of $163,115, presenting a strong investment opportunity. Situated on Business Route 30, the building enjoys high visibility and offers the potential for additional first-floor access points. Located within a Keystone Innovation Zone (KIZ), it qualifies for potential tax incentives. Excellent access to Routes 30, 202, 322, 100, and the Pennsylvania Turnpike ensures convenient commuting. Ample parking is provided with 45 on-site spaces, and low association fees minimize operational costs. This property's flexible layout, prime location, and modern infrastructure make it suitable for diverse business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,790,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,520,000
- 7%
- $1,460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,370,000
- Geo Method
- $1,350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,550,000
- Retail
- $1,790,000
- Mixed-Use
- $1,580,000
- Hospitality
- $1,410,000
- Educational
- $1,375,000
- Residential Income
- $1,370,000
- Energy
- $1,675,000
- Income-Based Land
- $1,455,000
- Food Service
- $1,490,000
Location Insight
- Map
- Local Demand
- City
- Exton
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.6062
- Latitude
- 40.0298
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA