Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Office buildings
1180 Mcdermott Dr West Chester, PA 19380-4022
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-2798191
Property summary
AI-generated overview
This exceptional 12,000-square-foot office building at 1180 McDermott Drive in West Chester, Pennsylvania, presents a unique leasing opportunity. Built in 1998, this single-story, single-tenant property sits on 1.2 acres of land and offers a spacious, naturally lit interior perfect for a variety of businesses. The building features 43 total parking spaces, providing ample convenience for employees and clients. The I-1 zoning allows for flexibility in potential uses. With 12,000 square feet of vacant space, this property is ready for immediate occupancy. The property's location in West Chester offers easy access to major transportation routes and nearby amenities. Annual property taxes are $2.74 per square foot. This is an ideal location for businesses seeking a modern, functional, and conveniently located office space in a thriving Pennsylvania community. The property's single-tenant configuration offers privacy and control, while its size and amenities cater to a range of business needs. This presents a rare opportunity to secure a substantial and well-maintained office space in a desirable location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
11,920 SF
Lot
1.2 ac (52,272 SF)
Zoning code
I1
APN
5203 010004B0
UPID
US73-2798191
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
-
MC3 | Custom Event and Training Experiences Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$2.82M
Owner & transaction history
Blue Star Properties LLC · 10 yrs held
Blue Star Properties LLC
since 2016
4 recorded transactions
Zoning & alternative use
I1 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.0M
+54.5%
Commercial (general)
$3.6M
+37.9%
Restaurant
$3.5M
+34.0%
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 West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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%
$3,330,000
6.5%
$3,075,000
7%
$2,855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,575,000
Current use
AUTO REPAIR, GARAGE
$3,975,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,550,000
Change: +38% · Conversion: Easy
RESTAURANT
$3,450,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,265,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,130,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±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
$236 / 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
$30,639
Tax year 2024
Assessed value
$1,056,960
Assessed 2024
Previous assessed
$1,056,960
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$144,270
Assessed improvement
$912,690
Land market value
$144,270
Improvement market value
$924,910
Total market value
$1,069,180
Applied tax rate
52.0000
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
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Total area
11,920 SF
Lot
1.2 ac (52,272 SF)
Zoning code
I1
APN
5203 010004B0
UPID
US73-2798191
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · West Chester, PA
Zoning I1 · permitted uses
I1 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1998
Heating
FORCED AIR
Cooling
Yes
Lot
1.2 ac
Current owner
From public records · entity-resolved
Blue Star Properties LLC
Entity
Mailing address
1180 MCDERMOTT DR, WEST CHESTER, PA 19380-4022
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2017
—
Blue Star Properties LLC
—
Deed
related
$200,000 · Vist Bk
Jul 8, 2016
$1,525,000
Blue Star Properties LLC
Bwmb Partners LP
Grant Deed
$1,200,000 · Vist Bk
Jul 14, 2011
—
Bwmb Partners L P
Bwmb Partners G P
Deed
$825,000 · Wells Fargo Bank NA
—
—
Blue Star Properties LLC
—
Deed Of Trust
related
$200,000 · Vist Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1180 Mcdermott Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
