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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1800 Lancaster Ave Paoli, PA 19301-1533

    • Office buildings
    • 20,392 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2023
    $2,475,000
    Value Estimations
    $3,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0397362
    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.

    Current Use by Public Records

    • Handwerger Beth A MD / Ophthalmologist
    • Metric Realty / Real Estate Agency
    • The Granger Firm / Law Firm / Real Estate Attorney
    • Integrated Wellness / Reflexologist

    Property Details for 1800 Lancaster Ave

    Year built
    1950
    Lot size
    1.00 lot acres
    Property size
    20,392 SF
    Zone code
    SPDD
    Property type
    Office buildings
    APN
    4309M01970000
    APU
    4309M01970000

    Description

    This exceptional executive office space, located at 1800 E. Lancaster Ave in Paoli, Pennsylvania (zip code 19301), offers a total of 3,450 square feet of beautifully renovated space, currently entirely vacant and ready for immediate occupancy. The property is situated in Chester County, conveniently positioned along Routes 252 and 30, providing excellent accessibility. The space is located on the first floor of the Metric Building and boasts abundant parking. Multiple configurations are available, with a minimum divisible space of 950 square feet and a maximum contiguous space of 2,500 square feet. The layout includes multiple private offices and a conference room, making it ideal for a variety of businesses. The property is available for move-in September 1, 2022. This is a gross lease with a monthly rent of $5,400. The space is perfect for businesses seeking an efficient and welcoming environment in a highly desirable location. This first-floor office offers a great atmosphere and is tailored to meet the needs of any business seeking a new home.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,955,000
      ML approach
      $2,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,491,000
      Market price range: $2.91M - $5.29M
      AI Estimate
      $2,169,000
      Market price range: $893k - $4.20M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,130,000
      Current use
      COMMERCIAL (GENERAL)
      $4,650,000
      Change: +13% Conversion: Easy
      RESTAURANT
      $4,410,000
      Change: +7% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,355,000
      Change: +5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,870,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Paoli
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.4753
    Latitude
    40.0417
    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
    $42,004
    $294,580
    $897,920
    $1,192,500
    -
    $294,580
    $924,660
    $1,219,240

    Comparable in this City

    • Value Estimation
      $620,000
      29,728 SF

      2 Industrial Blvd Ste, Unit 200

      OFFICE BUILDING • 29,728 SF
      2 Industrial Blvd Ste, Paoli, PA 19301-1648
      View Details
    • Value Estimation
      $1,150,000
      88,453 SF

      600 Cedar Holw Rd

      OFFICE BUILDING • 88,453 SF
      600 Cedar Holw Rd, Paoli, PA 19301-1753
      View Details
    • Value Estimation
      $255,000
      5,782 SF

      145 Lancaster Ave

      OFFICE BUILDING • 5,782 SF
      145 Lancaster Ave, Paoli, PA 19301-1740
      View Details
    • Value Estimation
      $5,880,000
      9,412 SF

      1676 Lancaster Ave

      OFFICE BUILDING • 9,412 SF
      1676 Lancaster Ave, Paoli, PA 19301-1506
      View Details
    • Value Estimation
      $250,000
      5,992 SF

      193 Lancaster Ave, Unit 195

      OFFICE BUILDING • 5,992 SF
      193 Lancaster Ave, Paoli, PA 19301-1740
      View Details
    • Value Estimation
      $460,000
      4,199 SF

      3 Beryl Rd

      OFFICE BUILDING • 4,199 SF
      3 Beryl Rd, Paoli, PA 19301-1701
      View Details

    Similar Nearby for Sale

    • $1,350,000
      9,250 SF

      Paoli Office Building For Sale

      9,250 SF office building near Paoli Train Station.
      15 Maple Ave, Paoli, PA 19301
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    • Contact for pricing
      2.44 Acres

      Paoli Plaza Office Space Available

      Prime 2nd Floor Office, Paoli, PA
      1770 Lancaster Ave, Paoli, PA 19301
      View Details
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      0.52 Acres

      Paoli Office Suite - Great Location

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    • $339,000
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      Paoli Office Condo for Sale

      Prime location, 1288 sq ft office space.
      250 Lancaster Ave, Paoli, PA 19301
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    • $249,000
      1,288 SF

      Medical/Dental Office Near Hospital

      1288 SF medical/dental office space across from Paoli Hospital.
      250 W Lancaster Ave, Paoli, PA 19301
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    • Contact for pricing
      0.62 Acres

      Paoli Office Building For Sale

      Standalone Office, High Visibility, Ample Parking
      98 Darby Rd, Paoli, PA 19301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Class A Office Space

      Class A office building with convenient access to transportation.
      1536 E Lancaster Ave, Paoli, PA 19301
      View Details
    • $4,500 /Mo
      2,600 SF

      Well-Maintained Standalone Office Building

      Standalone office building suitable for professional services with ample parking.
      98 Darby Rd, Paoli, PA 19301
      View Details
    • $15 SF/Yr
      1,500 SF

      Paoli Office Space For Rent

      Office space with private offices, kitchenette, and ample parking.
      147 W Lancaster Ave, Paoli, PA 19301
      View Details
    • $350 /Mo
      130 SF

      Paoli Office/Creative Space For Rent

      All-inclusive rental with excellent transportation access and off-street parking.
      136 Lancaster Ave, Paoli, PA 19301
      View Details
    • $16 SF/Yr
      1,745 SF

      Paoli Corporate Center Office Space

      Office space in Paoli Corporate Center with high-end finishes.
      16 Industrial Blvd, Paoli, PA 19301
      View Details
    • $15 SF/Yr
      1,025 SF

      Office or Retail Space Available

      Multiple spaces for lease suitable for office or retail use.
      21 Plank Ave, Paoli, PA 19301
      View Details
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    1800 Lancaster Ave
    Paoli, PA 19301-1533
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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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