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Property profile & analytics
OFF-MARKET
Estimated value
$16,510,000
Flex space
105 Commerce Dr Chester, PA 19014-3207
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0897410
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Total area
401,000 SF
Lot
18.08 ac (787,410 SF)
APN
07-00-00292-37
UPID
US73-0897410
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 - Scanning, Records Storage, and Document Management Storage Facility
-
X31 SPORTS (Bike/Boat/Book/etc) Store
-
People Store Staffing Solutions Employment Agency
-
Force Factor Distribution Center Logistics Company
-
Athletic Greens (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.29M
Blend (final)
Blend
$16.51M
Owner & transaction history
B9 Pa Cmbs Borrower LLC · 4 yrs held
B9 Pa Cmbs Borrower LLC
since 2022
7 recorded transactions
Zoning & alternative use
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
COMMERCIAL (GENERAL)
$24,905,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$24,615,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$16.51M
Range $14.86M – $18.16M · ±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
$41 / 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
$345,477
Tax year 2024
Assessed value
$19,856,130
Assessed 2024
Previous assessed
$19,856,130
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$345,670
Assessed improvement
$19,510,460
Total market value
$19,856,130
Applied tax rate
701.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1976
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
401,000 SF
Lot
18.08 ac (787,410 SF)
APN
07-00-00292-37
UPID
US73-0897410
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$24.9M
OFFICE BUILDING
Est. value
$24.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1976
Heating
NONE
Cooling
Yes
Stories
1
Lot
18.08 ac
Current owner
From public records · entity-resolved
B9 Pa Cmbs Borrower LLC
Entity
Mailing address
PO BOX 2980, CHICAGO, IL 60690-2980
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
B9 Pa Cmbs Borrower LLC
—
Deed
related
$1,860,000,000 · Citibank Nys
Feb 7, 2022
$20,083,640
B9 Pa Cmbs Borrower LLC
Colfin 2015 4 Industrial LLC
Deed
$263,000,000 · Citi Real Estate Funding INC
Dec 23, 2019
—
Colfin 2015 4 Industrial Owner LLC
—
Deed
related
$340,000,000 · Citi Real Estate Funding INC
Jul 7, 2015
$19,700,000
Colfin 2015-4 Industrial Owner
Mim-hayden I-95 Industrial Par
Grant Deed
—
Jun 17, 2013
—
Mim-hayden I-95 Industrial Par
—
Deed Of Trust
related
$27,600,000 · Jackson National Life Ins Co
Feb 28, 2013
$13,076,454
Mim-hayden I-95 Industrial
Realty Associates Fund Vi LP
Grant Deed
$13,471,116 · Jackson National Life Ins Co
Nov 10, 2004
$12,834,250
Realty Associates Fund Vi
Franklin Warehouse
Grant Deed
related
—
—
—
Colfin 2015-4 Industrial Owner
—
Deed Of Trust
related
$12,794,160 · Miscellaneous Ins Co
—
—
Colfin 2015-4 Industrial Owner
—
Deed Of Trust
related
$39,785,027 · Miscellaneous Ins 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.
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