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Property profile & analytics
FOR LEASE
Office buildings
158 W Gay St West Chester, PA 19380
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2130506
For Lease
1 / 7
$7,880,000
158 W Gay St, West Chester, PA 19380
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
33,396 SF
Lot
0.23 ac (10,212 SF)
Zoning code
TC
APN
0109 00680000
UPID
US73-2130506
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
-
Fink Family Law Law Firm
-
Pennoni Engineering Consultant Civil Engineer
-
Aqua Pharmaceuticals LLC Pharmacy
-
Stove & Tap West Chester Restaurant
-
Georgia-Pacific Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.62M
Comparable Approach
Comparable
$9.86M
Blend (final)
Blend
$7.88M
Owner & transaction history
Darlington Commons LP · 20 yrs held
Darlington Commons LP
since 2005
4 recorded transactions
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.1M
+54.5%
Commercial (general)
$9.9M
+37.9%
Restaurant
$9.7M
+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%
$9,335,000
6.5%
$8,615,000
7%
$8,000,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,210,000
Current use
AUTO REPAIR, GARAGE
$11,135,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,945,000
Change: +38% · Conversion: Easy
RESTAURANT
$9,660,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,340,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$5,960,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±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
$119,819
Tax year 2024
Assessed value
$3,415,840
Assessed 2024
Previous assessed
$3,415,840
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$64,650
Assessed improvement
$3,351,190
Land market value
$64,650
Improvement market value
$3,353,740
Total market value
$3,418,390
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
2006
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Total area
33,396 SF
Lot
0.23 ac (10,212 SF)
Zoning code
TC
APN
0109 00680000
UPID
US73-2130506
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$11.1M
COMMERCIAL (GENERAL)
Est. value
$9.9M
RESTAURANT
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$6.0M
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
2006
Heating
FORCED AIR
Cooling
Yes
Buildings
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Darlington Commons LP
Entity
Mailing address
115 W MINER ST, WEST CHESTER, PA 19382-3215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Sep 24, 2008
—
Commons Darlington
—
Deed Of Trust
related
$6,000,000 · Republic First Bank
Sep 30, 2005
$287,083
Darlington Commons LP
Brian M Mcfadden
Deed
$4,416,000 · Wilmington Trust Of Pennsylvania
Oct 9, 2002
$400,000
Brian M Mcfadden
Rowan,mark M & Lee M
Grant Deed
$475,000 · Equity Bank
—
—
Landmark Of West Chester LLC
—
Deed Of Trust
related
$1,100,000 · Parke Bank
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?”
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