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    1141 Chester Pike West Chester, PA 19382-5047
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    Property profile & analytics

    1141 Chester Pike, West Chester, PA 19382-5047

    View on Map
    • Office buildings
    • 11,210 SF
    • 1.30 lot acres
    Off-Market
    Last Sale Dec 11, 2023
    $4,468,756
    Property ID
    US73-2410762
    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
    $4,380,000
    Show details
    Cap Rate Potential
    3.5%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Marc Daniel / Veterinary Clinic
    • West Chester Veterinary Med: Rowe James M DVM / Veterinary Clinic
    • Corey Woodcock / Veterinary Clinic
    • West Chester Veterinary Medical Center / Veterinary Clinic
    • Robert Cafaro / Veterinary Clinic

    Property Details for 1141 Chester Pike

    Year built
    1939
    Lot size
    1.30 lot acres
    Zone code
    C4
    Property type
    Office buildings
    APN
    5205 00620200
    APU
    520500620200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,335,000
      ML approach
      $5,585,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,135,000
      6.5%
      $2,890,000
      7%
      $2,685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,531,000
      Market price range: $1.80M - $4.76M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,185,000
      Current use
      AUTO REPAIR, GARAGE
      $3,740,000
      Change: +17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,115,000
      Change: -2% Conversion: Easy
      RESTAURANT
      $3,045,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5687
    Latitude
    39.9699
    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
    $20,619
    $141,580
    $569,730
    $711,310
    -
    $141,580
    $572,330
    $713,910

    Comparable in this City

    • Value Estimation
      $6,445,000
      38,040 SF

      992 Bolmar St

      OFFICE BUILDING
      992 Bolmar St, West Chester, PA 19382-4906
      View Details
    • Value Estimation
      $3,645,000
      15,438 SF

      845 Chester Pike

      OFFICE BUILDING
      845 Chester Pike, West Chester, PA 19382-4878
      View Details
    • Value Estimation
      $845,000
      3,402 SF

      2 St Rd

      OFFICE BUILDING
      2 St Rd, West Chester, PA 19382-8401
      View Details
    • Value Estimation
      $5,250,000
      20,000 SF

      319 Westtown Rd Ste D

      OFFICE BUILDING
      319 Westtown Rd Ste D, West Chester, PA 19382-4514
      View Details
    • Value Estimation
      $995,000
      4,400 SF

      1325 Wilmington Pike

      OFFICE BUILDING
      1325 Wilmington Pike, West Chester, PA 19382-8217
      View Details
    • Value Estimation
      $2,115,000
      12,693 SF

      239 Market St

      OFFICE BUILDING
      239 Market St, West Chester, PA 19382-2739
      View Details

    Similar Nearby for Sale

    • $5,000,000
      20,000 SF

      West Chester Pike Office Building

      Two-story office building on West Chester Pike.
      1645 W Chester Pike, West Chester, PA 19382
      View Details
    • Contact for pricing

      Modern Office Building on Acres

      27,971 SF office building on 5.2 acres for sale.
      1333 Lenape Rd, West Chester, PA 19382
      View Details
    • $950,000

      West Chester Pike Office Building

      Two-story brick office building near downtown West Chester.
      1244 West Chester Pike, West Chester, PA 19382
      View Details
    • Contact for pricing

      Flex Office Units For Sale

      Flex office units available, individually or combined, West Chester.
      208 Carter Dr, West Chester, PA 19382
      View Details
    • Contact for pricing

      West Chester Flex Space Available

      11,546 SF flex space with parking and loading dock.
      323 S Matlack St, West Chester, PA 19382
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Chester Office Space

      Single tenant office space available for rent in West Chester.
      301 S High St, West Chester, PA 19382
      View Details
    • Contact for pricing

      West Chester Pike Office Suite

      Office suite for rent with utilities and shared amenities included.
      1242 WEST Chester Pike, West Chester, PA 19382
      View Details
    • Contact for pricing
      1,234 SF

      Office Suites with Historical Finishes

      Two office suites available in elevator-serviced building with secured entry.
      239 East Market St, West Chester, PA 19382
      View Details
    • Contact for pricing
      9,610 SF

      West Chester Office Space Available

      Flexible office suites in a centrally located, three-story building.
      103 S High St, West Chester, PA 19382
      View Details
    • $1,750 /Mo
      95,832 SF

      West Chester Office Space Available

      900 SF office space with high visibility on Rt 202.
      1313 Wilmington Pike, West Chester, PA 19382
      View Details
    • Contact for pricing

      Retail/Medical Office Space Available

      5,400+/- SF space in East Goshen Township for lease.
      1300 Old West Chester Pike, West Chester, PA 19382
      View Details
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    West Chester, PA 19382-5047
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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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