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    1786 Wilmington Pike Glen Mills, PA 19342
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    1786 Wilmington Pike, Glen Mills, PA 19342

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    • Office buildings
    • 18,696 SF
    • 0.14 lot acres
    For Sale
    View Listing →
    Glen Mills Medical Office Building For Sale
    Contact for pricing
    18,425 SF

    Glen Mills Medical Office Building

    18,425 SF Office Building, Multi-Tenant

    1786 Wilmington Pike, Glen Mills, PA 19342
    View Listing
    Property ID
    US73-5624464
    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

    • Back to Health Chiropractic / Alternative Medicine Practice
    • Wilkins John DC / Alternative Medicine Practice
    • Align Fitness | Personal Fitness Training | Nutrition Coaching / Gym & Fitness Center
    • Townes Carla / Alternative Medicine Practice / Spa & Massage Center
    • Nathalie Matte / Alternative Medicine Practice

    Property Details for 1786 Wilmington Pike

    Year built
    1988
    Lot size
    0.14 lot acres
    Property type
    Office buildings
    APN
    04-00-00321-01
    APU
    4000032101

    Description

    This exceptional three-story, 18,425 square foot Class B office building, located at 1786 Wilmington West Chester Pike in Glen Mills, Pennsylvania (zip code 19342), presents a unique investment opportunity. The property is zoned PBC (Planned Business Center) and features eleven suites, with a minimum divisible space of 1,293 square feet and currently 7,863 square feet of vacant space available for lease or sale. Suitable for both traditional office and medical office uses, this building boasts a single elevator and underwent significant renovations in 2018, including a new roof, energy-efficient LED lighting, updated windows, and a modern HVAC system. The building's prime location offers convenient access to major transportation routes and amenities. Individual suites ranging from approximately 1,293 to 4,197 square feet are available, providing flexibility for various business needs. This well-maintained property represents a strong investment opportunity in a thriving Pennsylvania market. The building's modern amenities and strategic location make it an ideal choice for businesses seeking high-quality office space. Contact us today to learn more about this exceptional property and the available leasing or purchase options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,314,000
      Market price range: $840k - $2.30M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Mills
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.5454
    Latitude
    39.8711
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,173
    $262,650
    $1,356,030
    $1,618,680
    -
    $0.00
    $0.00
    $1,618,680

    Comparable in this City

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      600 Evergreen Dr

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      75 Baltimore Pike300-400

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      75 Baltimore Pike, Unit 200

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      18,425 SF

      Glen Mills Medical Office Building

      18,425 SF Office Building, Multi-Tenant
      1786 Wilmington Pike, Glen Mills, PA 19342
      View Details
    • Contact for pricing

      2.62 Acre Commercial Land Parcel

      2.62 acres with frontage on Route 202.
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    Similar Nearby for Lease

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      17,768 SF

      Class A Medical Office Building

      Two-story medical office building for lease with ample parking.
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      Class A Office Building

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      Retail/Office Space for Lease

      Inline retail/office spaces available for lease.
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      10,000 SF

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      15,259 SF

      Glen Mills Office Space Available

      Modern office space with open layout and numerous amenities.
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      View Details
    • $2,600 /Mo
      9,627 SF

      Modern Office Space with Basement

      Modern office space with basement storage and ADA accessibility.
      328 Wilmington Pike W CHESTER PIKE, Glen Mills, PA 19342
      View Details
    View Listing
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    Glen Mills, PA 19342
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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.

    More about this property
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