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    100 Chester Pike Ridley Park, PA 19078-1703

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    100 Chester Pike Ridley Park, PA 19078-1703

    View on Map
    • Office buildings
    • 11,000 SF
    • 0.75 lot acres
    Off-Market
    Last Sale Feb 12, 2025
    $1,350,000
    Property ID
    US73-5924236
    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.
    Value Estimations
    $1,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kevin Connor, D.O., Internists Associates / Physician
    • Internists Associates / Medical Clinic
    • Mr. James Cody / Physician
    • Marc S. Persson, DC / Alternative Medicine Practice
    • Patrick Mcilhenney / Physician

    Property Details for 100 Chester Pike

    Year built
    1988
    Construction
    CONCRETE BLOCKS
    Lot size
    0.75 lot acres
    Property size
    11,000 SF
    Property type
    Office buildings
    APN
    38-06-00241-00
    APU
    38060024100

    Description

    This exceptional two-story medical office building, situated at 100 E Chester Pike in Ridley Park, Pennsylvania, presents a compelling investment opportunity. Built in 1988, the property boasts 11,000 square feet of gross leasable space, ideally divided into 5,500 square feet per floor. The main level is conveniently handicap accessible. Ample parking is provided with 40 spaces. The building is located on a 0.75-acre lot and is zoned Residential - B. Currently occupied by a diverse mix of medical professionals including a physician, audiologist, chiropractor, and other healthcare providers, this building offers immediate income potential. Its strategic location at the corner of Chester Pike and Swarthmore Avenue in Ridley Township offers high visibility and easy access. A significant advantage is its proximity to Taylor Hospital, ensuring a steady stream of potential patients and clients. The building is in excellent condition and represents a rare opportunity to acquire a well-established medical office building in a thriving community. The property consists of one building with one unit. This is a turnkey operation ready for a new owner. The asking price is $1,650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,258,000
      Market price range: $805k - $1.80M
      AI Estimate
      $856,000
      Market price range: $457k - $1.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,250,000
      Current use
      AUTO REPAIR, GARAGE
      $1,305,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,055,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridley Park
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3204
    Latitude
    39.8765
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,698
    $350,730
    $734,970
    $1,085,700
    -
    $0.00
    $0.00
    $1,085,700

    Comparable in this City

    • Value Estimation
      $560,000
      5,350 SF

      103 Ridley Ave

      OFFICE BUILDING • 5,350 SF
      103 Ridley Ave, Ridley Park, PA 19078-3000
      View Details
    • Value Estimation by Request
      6,840 SF

      742 Chester Pike

      OFFICE BUILDING • 6,840 SF
      742 Chester Pike, Ridley Park, PA 19078-1420
      View Details
    • Value Estimation by Request
      4,440 SF

      101 Ward St

      OFFICE BUILDING • 4,440 SF
      101 Ward St, Ridley Park, PA 19078-3010
      View Details
    • Value Estimation by Request
      3,906 SF

      21 Chester Pike

      OFFICE BUILDING • 3,906 SF
      21 Chester Pike, Ridley Park, PA 19078-2003
      View Details
    • Value Estimation
      $530,000
      7,584 SF

      15 Morton Ave

      OFFICE BUILDING • 7,584 SF
      15 Morton Ave, Ridley Park, PA 19078-2433
      View Details
    • Value Estimation by Request
      3,402 SF

      127 Chester Pike

      OFFICE BUILDING • 3,402 SF
      127 Chester Pike, Ridley Park, PA 19078-1919
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,400 SF

      Ridley Park Office Building For Sale

      15,400 SF office building with space available for sale.
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      2,700 SF

      Medical Office Condo Near Hospital

      2,700 SF medical office condo near Taylor Hospital.
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      Land in Historic Ridley Park

      Located in historic area, subject to zoning regulations.
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      Accessible Commercial Space Near I-95

      3,145 SF commercial space with easy highway and airport access.
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      Renovated Multi-Unit Property

      Multi-unit property renovated in 2025 with Airbnb potential.
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    Similar Nearby for Lease

    • Contact for pricing
      11,699 SF

      Medical Office Space Available

      Recently renovated medical building with space for lease.
      175 East Chester Pike, Ridley Park, PA 19078
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      3,707 SF

      Historic Office Space For Rent

      Office space in historic building with planned renovations and amenities.
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      Office Space for Rent

      Office space available for rent, approximately 250 square feet.
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      View Details
    • Contact for pricing
      11,699 SF

      Medical Office Space For Lease

      Medical office space available in Ridley Park, Pennsylvania.
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      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on Swarthmore Avenue

      Modern retail space with high frontage and ample parking.
      611 N Swarthmore Ave, Ridley Park, PA 19078
      View Details
    • Contact for pricing
      620 SF

      Retail Storefront with Built-In Hood

      620 SF retail storefront with hood and restroom for rent.
      241 E Chester Pike, Ridley Park, PA 19078
      View Details
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    100 Chester Pike
    Ridley Park, PA 19078-1703
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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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