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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Office buildings
17 Gay St West Chester, PA 19380-3144
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-2447566
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
20,648 SF
Lot
0.19 ac (8,069 SF)
Zoning code
TC
APN
0109 00580000
UPID
US73-2447566
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
-
Eric Smith - Kingsview Partners Financial Advisor
-
Adagio Consulting Group, Inc. | Chester County IT Services IT Consulting Firm (Bike/Boat/Book/etc) Store
-
State Senator Carolyn Comitta District Government Office
-
Lensa Employment Agency Tutoring Service
-
reNEW YOU Counseling and Wellness, LLC -West Chester Counselor Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.60M
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
$4.33M
Blend (final)
Blend
$5.60M
Owner & transaction history
Eastern West Chester Ptrs LP · 11 yrs held
Eastern West Chester Ptrs LP
since 2015
Last sale
$5.6M
4 recorded transactions
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.9M
+54.5%
Commercial (general)
$6.2M
+37.9%
Restaurant
$6.0M
+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
$5,600,000
ML approach
$5,600,000
CAP Approach
CAP Return
Estimation
6%
$5,770,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,455,000
Current use
AUTO REPAIR, GARAGE
$6,885,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,150,000
Change: +38% · Conversion: Easy
RESTAURANT
$5,975,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,920,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$3,685,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±10% · vs last sale $5.60M (Nov 4 2024)
Last sale anchor
$5.60M
Nov 4 2024
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
$271 / 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
$42,164
Tax year 2024
Assessed value
$1,202,040
Assessed 2024
Previous assessed
$1,742,270
-31.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$55,540
Assessed improvement
$1,146,500
Land market value
$55,540
Improvement market value
$1,149,810
Total market value
$1,205,350
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
1978
Heating
FORCED AIR
Cooling
CENTRAL
Total area
20,648 SF
Lot
0.19 ac (8,069 SF)
Zoning code
TC
APN
0109 00580000
UPID
US73-2447566
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
$4.5M
AUTO REPAIR, GARAGE
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RESTAURANT
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.7M
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
1978
Heating
FORCED AIR
Cooling
Yes
Lot
0.19 ac
Current owner
From public records · entity-resolved
Eastern West Chester Ptrs LP
Entity
Mailing address
435 MERCHANT WALK SQ STE #300, CHARLOTTESVILLE, VA 22902-6515
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 7, 2015
$5,980,000
Eastern West Chester Ptrs LP
East Gay Street Associates LP
Grant Deed
related
$4,485,000 · Miscellaneous Ins Co
Jul 16, 2003
$3,600,000
East Gay Street Associates LP
Harleysville Mutual Ins Co
Grant Deed
$3,920,000 · First National Bank Chester
—
—
East Gay Street Associates LP
—
Deed Of Trust
related
—
—
—
East Gray Street Associates LP
—
Deed Of Trust
related
$400,000 · First National Bank Chester
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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