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    1026 Pottstown Pike Chester Springs, PA 19425
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    1026 Pottstown Pike, Chester Springs, PA 19425

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    • Commercial land
    • 2.83 lot acres
    For Sale
    $1,400,000
    View Listing →
    2.83 Acres Commercial Land Available For Sale
    $1,400,000
    2.83 Acres

    2.83 Acres Commercial Land Available

    2.83 acres in West Vincent Township with development potential.

    1026 Pottstown Pike, Chester Springs, PA
    View Listing
    Property ID
    US73-3936873
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1026 Pottstown Pike

    Lot size
    2.83 lot acres
    Zone code
    MHP
    Property type
    Commercial land
    APN
    2506 00620100
    APU
    250600620100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2022 $157,065 Rv Sub Land LLC Weatherstone Town Center LP Special Warranty Deed —
    Apr 11, 2014 — Weatherstone Town Center LP West Vincent Associates Ltd Grant Deed · related —

    Description

    This exceptional 2.83-acre commercial land parcel, located at 1026 Pottstown Pike in Chester Springs, Pennsylvania (zip code 19425), presents a unique investment opportunity. Situated in the Ludwigs Village Center Commercial District of desirable West Vincent Township, Chester County, this property boasts a strategic location at the corner of routes 401 and 100. The site is already approved for development, offering significant flexibility for potential buyers. Two pre-approved development plans exist: Option one allows for the construction of 20,000 square feet of commercial space alongside 20 multifamily units. Option two permits the development of a 16,400 square foot pharmacy and a 3,500 square foot fast-food restaurant. However, the property's approved status also allows a buyer to pursue approvals for alternative uses, tailoring the development to their specific needs and vision. Public utilities are readily available in the immediate vicinity, simplifying the construction process. The asking price for this prime commercial land is $1,400,000. This presents a rare chance to acquire a ready-to-develop site in a highly sought-after location with multiple development options. Don't miss this opportunity to capitalize on the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester Springs
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.6931
    Latitude
    40.1142
    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
    $2,912
    $70,750
    $0.00
    $70,750
    -
    $70,750
    $0.00
    $70,750

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    Similar Nearby for Sale

    • Contact for pricing

      2.83 Acres Commercial Land Available

      2.83 acres in West Vincent Township with development potential.
      1026 Pottstown Pike, Chester Springs, PA 19425
      View Details
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      Self-Storage Development Opportunity in Pennsylvania

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      Prime Commercial Land For Sale

      6.51 acres of commercial land in Chester Springs, PA.
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      Commercial Land in West Vincent

      5.3 acres in West Vincent Township with development potential.
      1100 Pottstown Pike, Chester Springs, PA 19425
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    Similar Nearby for Lease

    • $2,000 /Mo
      95,832 SF

      Commercially Zoned Office Space Available

      Office space in Ludwigs Corner area with high exposure.
      990 Pottstown Pike, Chester Springs, PA 19425
      View Details
    • Contact for pricing

      Retail/Office Space Available

      2,000 SF retail or office space for rent.
      165 Pottstown Pike, Chester Springs, PA 19425
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      Chester Springs Office Building

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      Pottstown Pike Class A Office

      Class A office space available for lease in Chester Springs.
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    View Listing
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    Chester Springs, PA 19425
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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.

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