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Property profile & analytics
FOR LEASE
Office buildings
121 N Walnut St West Chester, PA 19380
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2802454
For Lease
1 / 2
$870,000
121 N Walnut St, West Chester, PA 19380
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
61,879 SF
Lot
0.3 ac (12,965 SF)
Zoning code
TC
APN
0105 03520000
UPID
US73-2802454
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
-
RKM Advisors Inc Financial Advisor
-
RTD Financial Financial Advisor
-
Arthur Hall Insurance Insurance Agency
-
Fidelity National Title Title Company
-
Chester County Geographic Info County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
121 N Walnut Associates LP · 2 yrs held
121 N Walnut Associates LP
since 2023
Last sale
$585,640
6 recorded transactions
Zoning & alternative use
TC · West Chester, PA
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 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
$700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $586k (Nov 2 2023)
Last sale anchor
$586k
Nov 2 2023
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
$14 / 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
$194,329
Tax year 2024
Assessed value
$5,540,000
Assessed 2024
Previous assessed
$5,540,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$100,000
Assessed improvement
$5,440,000
Land market value
$100,000
Improvement market value
$5,440,000
Total market value
$5,540,000
Applied tax rate
1.0000
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
2004
Heating
FORCED AIR
Cooling
CENTRAL
Total area
61,879 SF
Lot
0.3 ac (12,965 SF)
Zoning code
TC
APN
0105 03520000
UPID
US73-2802454
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
TC · West Chester, PA
Zoning TC · permitted uses
TC · 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.
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Lot
0.3 ac
Current owner
From public records · entity-resolved
121 N Walnut Associates LP
Entity
Mailing address
120 PENNSYLVANIA AVE, MALVERN, PA 19355-2418
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2023
$585,640
121 N Walnut Associates LP
Byrnes 121 N Walnut LLC
Deed
—
Oct 25, 2013
—
Byrnes 121 N Walnut LLC
General Sales Real Estate Ptrs
Grant Deed
—
Apr 9, 2003
—
121 N Walnut Associates LP
—
Trustees Deed
related
$7,000,000 · First National Bank Chester
—
—
Sales Real Est Ptshp
—
Deed Of Trust
related
$750,000 · South Eastern Economic Dev
—
—
Sales Real Estate Ptsh
—
Deed Of Trust
related
$596,912 · First National Bank Chester
—
—
121 N Walnut Associates
—
Deed Of Trust
related
$7,000,000 · Jackson National Life 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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