Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Office buildings
16 Market St West Chester, PA 19382-3151
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0401731
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1860
Total area
3,408 SF
Lot
0.04 ac (1,848 SF)
Zoning code
TC
APN
0109 02960000
UPID
US73-0401731
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
-
Murphy Law Firm Law Firm
-
The Brooks Group & Associates, Inc. Business Management Consultant Biotechnology Company
-
Gobel Group Consultant
-
The Art Trust Gallery at Meridian Bank Art Gallery
-
Meridian Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$940k
Owner & transaction history
Darlington Legacy Partners LLC · 1 yrs held
Darlington Legacy Partners LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+17.4%
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%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$970,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $1.01M (Apr 1 2025)
Last sale anchor
$1.01M
Apr 1 2025
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
$276 / 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
$6,058
Tax year 2024
Assessed value
$172,690
Assessed 2024
Previous assessed
$172,690
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$29,100
Assessed improvement
$143,590
Land market value
$29,100
Improvement market value
$143,590
Total market value
$172,690
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
Off-Market
Year built
1860
Heating
HOT WATER
Cooling
NONE
Total area
3,408 SF
Lot
0.04 ac (1,848 SF)
Zoning code
TC
APN
0109 02960000
UPID
US73-0401731
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
$970,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$945,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1860
Heating
HOT WATER
Cooling
Yes
Lot
0.04 ac
Current owner
From public records · entity-resolved
Darlington Legacy Partners LLC
Entity
Mailing address
16 E MARKET ST, WEST CHESTER, PA 19382-3151
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$1,012,400
Darlington Legacy Partners LLC
Brooks West Chester Real Estate LLC
Special Warranty Deed
$766,800 · S & T Bank
Oct 25, 2019
—
Brooks W Chester R & E LLC
—
Deed
related
$854,742 · Fulton Bk NA
Oct 24, 2019
—
Brooks W Chester R & E LLC
—
Deed
related
$424,632 · Fulton Bk NA
Feb 9, 2015
$600,000
Brooks West Chester R & E LLC
Haverford Trust Co
Grant Deed
—
Nov 10, 2010
—
Daniel P Mannix IV
—
Trustees Deed
related
$75,000 · Haverford Trust Co
Dec 20, 1999
—
Rittenhouse Trust Co
Daniel P Mannix Estate
Grant Deed
related
—
—
—
Brooks W Chester R & E LLC
—
Deed Of Trust
related
$424,632 · Fulton Bk NA
—
—
Brooks W Chester R & E LLC
—
Deed Of Trust
related
$854,742 · Fulton Bk NA
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 16 Market St?
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.
