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    164 Byers Rd Chester Springs, PA 19425
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    164 Byers Rd Chester Springs, PA 19425

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    • Commercial land
    For Sale
    $445,000
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    Land Approved for Medical Building For Sale
    $445,000

    Land Approved for Medical Building

    Land with approved plans for a 7,572 SF building.

    164 Byers Rd, Chester Springs, PA 19425
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    Property ID
    US73-0211890
    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

    • Berwyn's Heating and Air Conditioning / Department Store

    Property Details for 164 Byers Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Perfect for a medical use building to support Fieldstone at Chester Springs, a 101 unit Retirement Community including independent living, assisted living and memory care units to open mid 2024. Fieldstone at Chester Springs is across the street on Byers Road. Newly Approved and Recorded, Engineered Land Development Plan 3.19.24. Good Access. Growing community with new retail and residential development nearby. Schools and parks nearby. Land purchase price includes Land Development Plans for a 7,572 SF (gross), 2-story office/medical/retail building consisting of 2,200 SF of usable space per floor, plus a 2,200 SF lower level basement, stair towers on both ends of building. Twenty-two planned parking spaces (based on 4,400 SF of usable space on ground floor and 2nd floors). Land Purchase Price of $445,000 = $58.77/SF based on 7,572 SF. Land is available for sale with three options: 1) Land with Building Approval, 2) Land with Building Shell, per Buyer's shell specifications for a price equal to the land's sale price + the negotiated cost to perform site work & construct building shell as specified by Buyer, or 3) Land & Turnkey Building for a price equal to the land's sale price + the negotiated cost to perform site work & construct building as specified by Buyer. Public water & sewer lines exist in Byers Road, and a sewer lateral is extended onto the lot. Tapping & connection fees to hook up to these public utilities to be paid by Buyer. Location: Route 100 North, right on Graphite Mine Road, right on Byers Road, property is on the south side. Located in Upper Uwchlan Township. Chester Springs is one of the most historically significant areas in Chester County. This location provides close access to major roads and highways. Traffic count 3,800+ cars per day at site, and over 29,000+ cars per day at Pottstown Pike intersection, 1/4 mile away. This is a Co-Listing with Marcus & Millichap.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester Springs
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.682465
    Latitude
    40.07774

    Comparable in this City

    • $4,599,000

      Prime Commercial Land For Sale

      6.51 acres of commercial land in Chester County, PA.
      75 Pottstown Pike, Chester Springs, PA 19425
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    • $4,299,000
      6.51 Acres

      Prime Commercial Land For Sale

      6.51 acres of commercial land in Chester Springs, PA.
      75 Pottstown Pike, Chester Springs, PA 19425
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      Approved Land in Chester Springs

      Corner lot approved for office building in Chester Springs, PA.
      225 Windgate Dr, Chester Springs, PA 19425
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      Commercial Land in West Vincent

      5.3 acres in West Vincent Township with development potential.
      1100 Pottstown Pike, Chester Springs, PA 19425
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      2.83 Acres Commercial Land Available

      2.83 acres in West Vincent Township with development potential.
      1026 Pottstown Pike, Chester Springs, PA 19425
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      20,810 SF

      Class A Office Building Shell

      20,810 SF Class A office building with build-to-suit capabilities.
      931 Pottstown Pike, Chester Springs, PA 19425
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    Similar Nearby for Sale

    • Contact for pricing

      2.83 Acres Commercial Land Available

      2.83 acres in West Vincent Township with development potential.
      1026 Pottstown Pike, Chester Springs, PA 19425
      View Details
    • $4,299,000
      6.51 Acres

      Prime Commercial Land For Sale

      6.51 acres of commercial land in Chester Springs, PA.
      75 Pottstown Pike, Chester Springs, PA 19425
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    • $4,599,000

      Prime Commercial Land For Sale

      6.51 acres of commercial land in Chester County, PA.
      75 Pottstown Pike, Chester Springs, PA 19425
      View Details
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      Approved Land in Chester Springs

      Corner lot approved for office building in Chester Springs, PA.
      225 Windgate Dr, Chester Springs, PA 19425
      View Details
    • Contact for pricing

      Commercial Land in West Vincent

      5.3 acres in West Vincent Township with development potential.
      1100 Pottstown Pike, Chester Springs, PA 19425
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      Retail Space at Tractor Supply

      Retail property for lease with anchor and inline space.
      491 East Uwchlan Ave, Chester Springs, PA 19425
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space Available

      2,000 SF retail or office space for rent.
      165 Pottstown Pike, Chester Springs, PA 19425
      View Details
    • Contact for pricing

      Chester Springs Office Building

      Office building for rent in the Village of Eagle.
      74 Pottstown Pike, Chester Springs, PA 19425
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    • $2,500 /Mo
      2,500 SF

      Functional Flex Space For Rent

      2500 SF flex space with storage and office areas.
      124 Byers Rd, Chester Springs, PA 19425
      View Details
    • $2,000 /Mo
      95,832 SF

      Commercially Zoned Office Space Available

      Office space in Ludwigs Corner area with high exposure.
      990 Pottstown Pike, Chester Springs, PA 19425
      View Details
    • Contact for pricing

      Pottstown Pike Class A Office

      Class A office space available for lease in Chester Springs.
      941 Pottstown Pike, Chester Springs, PA 19425
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      491 E Uwchlan Ave, Chester Springs, PA 19425
      View Details
    View Listing
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    Chester Springs, PA 19425
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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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