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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Apartment buildings
1308 Chester Pike E4 West Chester, PA 19382-6472
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-2633636
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
30,537 SF
Lot
3 ac (130,680 SF)
Zoning code
C4
APN
5306 01320200
UPID
US73-2633636
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
-
Racquet Club Apartments Apartment Building
-
Cb cleanings services LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$4.78M
Owner & transaction history
Rhfleisher Associates LLC · 1 yrs held
Rhfleisher Associates LLC
since 2024
Last sale
$29,023
3 recorded transactions
Zoning & alternative use
C4 · 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
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
APARTMENT HOUSE (5+ UNITS)
$5,795,000
Current use
WAREHOUSE, STORAGE
$5,450,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $29k (Aug 7 2024)
Last sale anchor
$29k
Aug 7 2024
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
$156 / 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
$60,004
Tax year 2024
Assessed value
$2,088,000
Assessed 2024
Previous assessed
$2,088,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$435,600
Assessed improvement
$1,652,400
Land market value
$435,600
Improvement market value
$1,683,030
Total market value
$2,118,630
Applied tax rate
53.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
76
Units
30
Total area
30,537 SF
Lot
3 ac (130,680 SF)
Zoning code
C4
APN
5306 01320200
UPID
US73-2633636
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C4 · West Chester, PAZoning C4 · permitted uses
C4 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS) Current
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
1964
Heating
HOT WATER
Cooling
Yes
Buildings
76
Units
30
Lot
3 ac
Current owner
From public records · entity-resolved
Rhfleisher Associates LLC
Entity
Free & Clear · 1 yrs held
Mailing address
30 S PO BOX 589TH ST, ARDMORE, PA 19003-0589
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
$2,336,948
Rhfleisher Associates LLC
Racquet Club Apartments
Special Warranty Deed
—
Aug 7, 2024
$2,365,971
James E Marks
Rhflseisher Associates LLC
Special Warranty Deed
—
Aug 7, 2024
$29,023
Rhfleisher Associates LLC
Racquet Club Apartments
Special Warranty Deed
—
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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