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    1273 Lancaster Ave Berwyn, PA 19312
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    Property profile & analytics

    1273 Lancaster Ave, Berwyn, PA 19312

    View on Map
    • Office buildings
    • 5,244 SF
    • 0.23 lot acres
    For Sale
    $1,300,000
    View Listing →
    Turnkey Office Building on Lancaster For Sale
    $1,300,000

    Turnkey Office Building on Lancaster

    Professional office building in Berwyn, PA, ideal for various firms.

    1273 Lancaster Avenue, Berwyn, PA 19312
    View Listing
    Property ID
    US73-0484740
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • STEVEN L. SUGARMAN & ASSOCIATES / Law Firm
    • Berton Elliot H / Law Firm
    • Mulhern Jr Robert M / Law Firm

    Property Details for 1273 Lancaster Ave

    Year built
    1978
    Lot size
    0.23 lot acres
    Zone code
    R1
    Property type
    Office buildings
    APN
    4310K01490000
    APU
    4310K01490000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2025 — S & L Group INC — Deed · related $500k · Bhcu Dba Propell Cu
    Mar 30, 1998 $320,000 S&l Group INC First Daylesford Corp Grant Deed $450k · Keystone Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,151,000
      Market price range: $664k - $1.42M
      AI Estimate
      $616,000
      Market price range: $161k - $934k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $975,000
      Current use
      COMMERCIAL (GENERAL)
      $1,195,000
      Change: +23% Conversion: Easy
      RESTAURANT
      $1,135,000
      Change: +16% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,120,000
      Change: +15% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $995,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.4574
    Latitude
    40.043
    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
    $16,058
    $90,080
    $365,800
    $455,880
    -
    $90,080
    $374,550
    $464,630

    Comparable in this City

    • Value Estimation
      $21,215,000
      162,425 SF

      1205 Westlakes Dr

      OFFICE BUILDING
      1205 Westlakes Dr, Berwyn, PA 19312-2405
      View Details
    • Value Estimation
      $22,935,000
      128,130 SF

      1055 Westlakes Dr

      OFFICE BUILDING
      1055 Westlakes Dr, Berwyn, PA 19312-2410
      View Details
    • Value Estimation
      $510,000
      4,019 SF

      29 Brg Ave

      OFFICE BUILDING
      29 Brg Ave, Berwyn, PA 19312-1715
      View Details
    • Value Estimation
      $925,000
      6,704 SF

      2 Lakeside Ave

      OFFICE BUILDING
      2 Lakeside Ave, Berwyn, PA 19312-1631
      View Details
    • Value Estimation by Request
      1,152 SF

      6 Lakeside Ave

      OFFICE BUILDING
      6 Lakeside Ave, Berwyn, PA 19312-1631
      View Details
    • Value Estimation
      $970,000
      5,596 SF

      1171 Lancaster Ave

      OFFICE BUILDING
      1171 Lancaster Ave, Berwyn, PA 19312-2602
      View Details

    Similar Nearby for Sale

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      Victorian Property Near SEPTA Line

      Historic mixed-use property with income potential near transportation.
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    • $1,300,000

      Turnkey Office Building on Lancaster

      Professional office building in Berwyn, PA, ideal for various firms.
      1273 Lancaster Ave, Berwyn, PA 19312
      View Details
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      0.07 Acres

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      Berwyn Medical Office Building

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    • $3,500,000
      4.70 Acres

      4.7 Acres Land with Homes

      Land with two homes in Tredyffrin-Easttown School District.
      170 Old State Rd, Berwyn, PA 19312
      View Details
    • New
      $445,000
      Pending

      Legal Duplex with Rear Deck

      Operating as a legal duplex, this property offers two 1BR/1BA units with private laundry and outdoor spaces.
      17 Main Ave, Berwyn, PA 19312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,516 SF

      Class A Office Space Available

      Energy-efficient office space with on-site amenities in Berwyn, PA.
      1160 W Swedesford Rd, Berwyn, PA 19312
      View Details
    • Contact for pricing
      2,584 SF

      Berwyn Office Space for Rent

      Office space in a well-connected Berwyn location.
      1000 Westlakes Dr, Berwyn, PA 19312
      View Details
    • Contact for pricing
      2,947 SF

      Berwyn Park Class A Office

      Class A office space in a picturesque park setting.
      801 Cassatt Rd, Berwyn, PA 19312
      View Details
    • Contact for pricing
      2,772 SF

      Berwyn Park Class A Office

      Class A office space in a picturesque park setting.
      920 Cassatt Rd, Berwyn, PA 19312
      View Details
    • Contact for pricing
      3,000 SF

      Berwyn Office Space for Lease

      Office space available for lease in Berwyn, Pennsylvania.
      1171 Lancaster Ave, Berwyn, PA 19312
      View Details
    • Contact for pricing
      2,358 SF

      Berwyn Office Space for Rent

      Office space in a well-connected Berwyn location.
      1205 Westlakes Dr, Berwyn, PA 19312
      View Details
    View Listing
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    Berwyn, PA 19312
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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.

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