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Property profile & analytics
FOR LEASE
Office buildings
1055 Westlakes Dr 3rd, Berwyn, PA 19312
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2144649
For Lease
1 / 10
$129-$11,926/Mo
1055 Westlakes Dr,Unit 3rd, Berwyn, PA 19312
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Property summary
AI-generated overview
This Class A, 30,121 square foot office building in Berwyn, Pennsylvania, offers a variety of executive suites, coworking, and creative office spaces. Located at 1055 Westlakes Drive, 3rd Floor, 19312, this Chester County property underwent renovations in 2019 and features striking modern interiors with glass frontage, marble, and granite accents. The building boasts 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Amenities include elevators, a comfortable business lounge, coffee machine, high-speed WiFi, and premium furniture. Various office options are available, ranging from fully furnished private offices for individuals or large companies to customized spaces, disaster recovery solutions, and day offices. A benefits program offering exclusive discounts and procurement support is also included. The building's convenient location provides easy access to numerous restaurants. This is an exceptional opportunity for businesses seeking a sophisticated and functional workspace in a prime location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
128,130 SF
Lot
13.2 ac (574,992 SF)
Zoning code
OA
APN
4310 00360000
UPID
US73-2144649
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
-
Law Offices of Leslie I. Snyder P.A. Law Firm
-
Metka Law, LLC Law Firm
-
Lauren Merclean MA, LCSW Crisis Center Medical Clinic
-
Stucco Inspection by Stucco Safe Home Inspector Stucco Contractor
-
VitalStrategic Research Institute Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.29M
Blend (final)
Blend
$22.94M
Owner & transaction history
Westlakes Kpg III LLC · 12 yrs held
Westlakes Kpg III LLC
since 2013
2 recorded transactions
Zoning & alternative use
OA · Berwyn, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$29.2M
+22.7%
Restaurant
$27.7M
+16.4%
Auto repair, garage
$27.4M
+14.9%
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 Berwyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berwyn 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
$23,820,000
Current use
COMMERCIAL (GENERAL)
$29,235,000
Change: +23% · Conversion: Easy
RESTAURANT
$27,720,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$27,375,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$24,325,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$22.94M
Range $20.64M – $25.23M · ±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
$179 / 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
$324,620
Tax year 2024
Assessed value
$9,216,000
Assessed 2024
Previous assessed
$10,587,390
-13.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$876,000
Assessed improvement
$8,340,000
Land market value
$876,000
Improvement market value
$8,456,200
Total market value
$9,332,200
Applied tax rate
43.0000
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
1991
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
128,130 SF
Lot
13.2 ac (574,992 SF)
Zoning code
OA
APN
4310 00360000
UPID
US73-2144649
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OA · Berwyn, PA
Zoning OA · permitted uses
OA · Berwyn, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berwyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$23.8M
COMMERCIAL (GENERAL)
Est. value
$29.2M
RESTAURANT
Est. value
$27.7M
AUTO REPAIR, GARAGE
Est. value
$27.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1991
Heating
HEAT PUMP
Cooling
Yes
Lot
13.2 ac
Current owner
From public records · entity-resolved
Westlakes Kpg III LLC
Entity
Mailing address
100 N FEDERAL HWY STE #400, HALLANDALE BEACH, FL 33009-4373
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
—
Westlakes Kpg III LLC
—
Deed
related
$98,385,000 · Spt Real Estate Capital LLC
Aug 29, 2013
$74,015,000
Westlakes Kpg III LLC
Mack Cali Pennsylvania Realty Assn
Special Warranty Deed
$68,000,000 · German American Capital Corp
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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