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    Property profile & analytics

    2 Christy Dr Chadds Ford, PA 19317-9668

    • Office buildings
    • 51,840 SF
    • 5.66 lot acres
    OFF-MARKET
    Value Estimations
    $6,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1427137
    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

    • Jomar Technologies, Inc. / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Springer Realty Group - Chadds Ford - Home & Business Sales / Real Estate Agency
    • FedEx Drop Box / Postal Service / Courier Service
    • People Core Inc / Business Management Consultant
    • Realtor - Associate Broker John Williams of Springer Realty Group / Real Estate Agency

    Property Details for 2 Christy Dr

    Year built
    1985
    Lot size
    5.66 lot acres
    Property size
    51,840 SF
    Property type
    Office buildings
    APN
    04-00-00115-06
    APU
    4000011506

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,005,000
      Market price range: $5.01M - $8.50M
      AI Estimate
      $6,066,000
      Market price range: $3.48M - $12.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,345,000
      Current use
      AUTO REPAIR, GARAGE
      $6,150,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chadds Ford
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.5477
    Latitude
    39.8792
    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
    $86,101
    $937,610
    $3,263,720
    $4,201,330
    -
    $0.00
    $0.00
    $4,201,330

    Comparable in this City

    • Value Estimation
      $3,075,000
      31,382 SF

      3 Dickinson Dr

      OFFICE BUILDING • 31,382 SF
      3 Dickinson Dr, Chadds Ford, PA 19317-8800
      View Details
    • Value Estimation
      $3,100,000
      45,100 SF

      1 Dickinson Dr

      OFFICE BUILDING • 45,100 SF
      1 Dickinson Dr, Chadds Ford, PA 19317-9665
      View Details
    • Value Estimation
      $1,600,000
      5,151 SF

      414 Old Baltimore Pike

      OFFICE BUILDING • 5,151 SF
      414 Old Baltimore Pike, Chadds Ford, PA 19317-9448
      View Details
    • Value Estimation
      $695,000
      10,864 SF

      610 Chadds Frd Dr Ste, Unit 30

      OFFICE BUILDING • 10,864 SF
      610 Chadds Frd Dr Ste, Chadds Ford, PA 19317-7354
      View Details
    • Value Estimation by Request
      2,160 SF

      1600 Brinton Brg Rd

      OFFICE BUILDING • 2,160 SF
      1600 Brinton Brg Rd, Chadds Ford, PA 19317-9450
      View Details
    • Value Estimation
      $600,000
      9,117 SF

      601 Chadds Frd Dr

      OFFICE BUILDING • 9,117 SF
      601 Chadds Frd Dr, Chadds Ford, PA 19317-7308
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Commercial Building For Sale

      Class A commercial building with highway frontage and established leases.
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      Chadds Ford Office Building

      3,640 SF office building in Chadds Ford, Pennsylvania.
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      Chadds Ford Shopping Center For Sale

      Shopping center in historic Chadds Ford with frontage on Route 1.
      1620 Baltimore Pike, Chadds Ford, PA 19317
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    • $3,150,000
      5,060 SF

      Fairville Inn Bed and Breakfast

      Award-winning bed and breakfast in the heart of Chadds Ford.
      506 Kennett Pike, Chadds Ford, PA 19317
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,610 SF

      Office Space on 17 Acres

      Office space for rent in Chadds Ford, Pennsylvania.
      104 Lakeview Dr, Chadds Ford, PA 19317
      View Details
    • $1,500 /Mo

      Chadds Ford Office Space Available

      Office space for lease in established Chadds Ford office center.
      1290 Baltimore Pike Unit 203 & 205, Chadds Ford, PA 19317
      View Details
    • Contact for pricing
      695 SF

      Office Space on 17 Acres

      Office space in 10 buildings on 17 acres.
      610 Chadds Ford Dr, Chadds Ford, PA 19317
      View Details
    • Sponsored
      Contact for pricing

      Gateway Corporate

      Discover many ways to work your way in Gateway Corporate
      225 Chester Pike Chadds Frd, Chadds Ford, PA 19317
      View Details
    • Contact for pricing
      8,584 SF

      Chadds Ford Office Suites Available

      Move-in ready office suites in a unique suburban office park.
      608 Chadds Ford Dr, Chadds Ford, PA 19317
      View Details
    • $6,500 /Mo
      44,867 SF

      Corner Lot Commercial Property

      Commercial property on a corner lot with high visibility.
      519 Baltimore Pike, Chadds Ford, PA 19317
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    2 Christy Dr
    Chadds Ford, PA 19317-9668
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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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