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Property profile & analytics
OFF-MARKET
Estimated value
$7,570,000
Apartment buildings
1650 Chester Pike West Chester, PA 19382-7960
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-0963647
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
33,012 SF
Lot
5.6 ac (243,936 SF)
Zoning code
R3
APN
6703 01320100
UPID
US73-0963647
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
-
Heather Glen Apartments in West Chester, PA Apartment Complex
-
Janitorial Service in West Chester, PA (Bike/Boat/Book/etc) Store
-
BSB Renovation Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.51M
Comparable Approach
Comparable
$9.73M
Blend (final)
Blend
$7.57M
Owner & transaction history
Wc Apt I LLC · 11 yrs held
Wc Apt I LLC
since 2015
4 recorded transactions
Zoning & alternative use
R3 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.0M
+75.7%
Office building
$9.4M
+49.6%
Commercial (general)
$9.2M
+46.4%
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%
$5,965,000
6.5%
$5,505,000
7%
$5,115,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,265,000
Current use
AUTO REPAIR, GARAGE
$11,010,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$9,375,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,175,000
Change: +46% · Conversion: Moderate
RESTAURANT
$8,960,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,890,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.57M
Range $6.81M – $8.33M · ±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
$229 / 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
$116,305
Tax year 2024
Assessed value
$3,763,000
Assessed 2024
Previous assessed
$3,763,000
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$718,740
Assessed improvement
$3,044,260
Land market value
$718,740
Improvement market value
$3,079,540
Total market value
$3,798,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Heating
HOT WATER
Cooling
NONE
Buildings
3
Units
22
Total area
33,012 SF
Lot
5.6 ac (243,936 SF)
Zoning code
R3
APN
6703 01320100
UPID
US73-0963647
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$11.0M
OFFICE BUILDING
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$9.2M
RESTAURANT
Est. value
$9.0M
WAREHOUSE, STORAGE
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
1963
Heating
HOT WATER
Cooling
Yes
Buildings
3
Units
22
Lot
5.6 ac
Current owner
From public records · entity-resolved
Wc Apt I LLC
Entity
Mailing address
PROPERTIES GROUP #6, MALVERN, PA 19355
Ownership since
2015
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
Apr 28, 2017
—
Wc Apt I LLC
—
Grant Deed
related
$11,000,000 · Hunt Mtg Cap LLC
Aug 6, 2015
$10,200,000
Wc Apt I LLC
Willistown View Associates LP
Grant Deed
$10,933,628 · Fortress Cr
—
—
Willistown View Associates LP
—
Deed Of Trust
related
$4,200,000 · New York Community Bank
—
—
Willistown View Associates LP
—
Deed Of Trust
related
$50,000 · Prudential Mortgage Capital Co
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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