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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
1638 Grn Ln West Chester, PA 19382
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1991765
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
10,476 SF
Lot
3 ac (130,680 SF)
Zoning code
R3
APN
6703 01320300
UPID
US73-1991765
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Spencer D Qualls · 4 yrs held
Spencer D Qualls
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R3 · 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
$1,120,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.18M (Jan 4 2022)
Last sale anchor
$1.18M
Jan 4 2022
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
$112 / 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
$21,470
Tax year 2024
Assessed value
$694,653
Assessed 2024
Previous assessed
$694,653
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$508,270
Assessed improvement
$186,383
Land market value
$508,270
Improvement market value
$205,393
Total market value
$713,663
Applied tax rate
67.0000
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
2004
Heating
FORCED AIR
Cooling
CENTRAL
Total area
10,476 SF
Lot
3 ac (130,680 SF)
Zoning code
R3
APN
6703 01320300
UPID
US73-1991765
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R3 · West Chester, PAZoning R3 · permitted uses
R3 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Lot
3 ac
Current owner
From public records · entity-resolved
Spencer D Qualls
Individual
Mailing address
PO BOX 3739, WILMINGTON, DE 19807-0739
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
—
Spencer D Qualls
Spencer J Qualls
Intrafamily Transfer
related
—
May 3, 2001
$1,180,000
Fortress Pennsylvania LLC
Chesterfield Development Corp
Grant Deed
$6,900,406 · Firstrust Savings Bank
—
—
Spencer J Qualls
—
Deed Of Trust
related
$500,000 · Wilmington Savings Fund Societ
—
—
Qualls,spencer J
—
Deed Of Trust
related
$750,000 · Wilmington Svg Fund Societyfsb
—
—
Spencer J Qualls
—
Deed Of Trust
related
$3,684,050 · Wilmington Savings Fund Societ
—
—
Spencer J Qualls
—
Deed Of Trust
related
$500,000 · Wilmington Svg Fund Societyfsb
—
—
Spncer J Qualls
—
Deed Of Trust
related
$2,722,591 · Wilmington Svgs Fund Society F
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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