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Property profile & analytics
FOR LEASE
Office buildings
10 North High St West Chester, PA 19380
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3507265
For Lease
1 / 2
$11,600,000
10 North High St, West Chester, PA 19380
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
88,828 SF
Lot
0.52 ac (22,762 SF)
Zoning code
TC
APN
0109 01000000
UPID
US73-3507265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Access Group, Inc. Charitable Organization Social Service Agency
-
LawyerMetrix, LLC Law Firm
-
M&T Bank Bank Loan Service
-
The Judge Group Business Management Consultant Business Development Service
-
J Loew Property Management Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.43M
Blend (final)
Blend
$11.60M
Owner & transaction history
David F Perri · 6 yrs held
David F Perri
since 2020
5 recorded transactions
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,175,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,860,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$15,855,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$11.60M
Range $10.44M – $12.76M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$133,003
Tax year 2024
Assessed value
$3,791,710
Assessed 2024
Previous assessed
$3,791,710
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$150,000
Assessed improvement
$3,641,710
Land market value
$150,000
Improvement market value
$3,641,710
Total market value
$3,791,710
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1963
Heating
FORCED AIR
Cooling
CENTRAL
Total area
88,828 SF
Lot
0.52 ac (22,762 SF)
Zoning code
TC
APN
0109 01000000
UPID
US73-3507265
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
TC · West Chester, PA
Zoning TC · permitted uses
TC · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.9M
WAREHOUSE, STORAGE
Est. value
$15.9M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
FORCED AIR
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
David F Perri
Individual
Mailing address
120 PENNSYLVANIA AVE, MALVERN, PA 19355-2418
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
$938,205
David F Perri
Church & Dean LLC
Grant Deed
$720,000 · Firstrust Bk
Aug 30, 2012
—
D-town Associates
—
Loan Modification
related
$8,250,000 · M & T Bank
Mar 13, 2012
—
D-town Associates
—
Grant Deed
related
$8,250,000 · M & T Bank
Oct 18, 2011
—
D-town Associates
County Of Chester
Grant Deed
related
—
—
—
D-town Associates
—
Deed Of Trust
related
$9,000,000 · Genworth Life Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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