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Property profile & analytics
OFF-MARKET
Estimated value
$13,400,000
Flex space
200 Lawrence Dr West Chester, PA 19380-3428
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5905167
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1998
Total area
105,466 SF
Lot
10.3 ac (448,668 SF)
Zoning code
I1
APN
5203 011705E0
UPID
US73-5905167
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
-
Tampones Apartment Building
-
HAVPAK COMPANY Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.20M
CAP Approach
CAP
$11.91M
Comparable Approach
Comparable
$13.28M
Blend (final)
Blend
$13.40M
Owner & transaction history
Mh III 200 Lawrence Drive LLC · 3 yrs held
Mh III 200 Lawrence Drive LLC
since 2022
Last sale
$15.3M
6 recorded transactions
Zoning & alternative use
I1 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.0M
+49.4%
Warehouse, storage
$18.8M
+40.5%
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
$11,195,000
CAP Approach
CAP Return
Estimation
6%
$12,905,000
6.5%
$11,910,000
7%
$11,060,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,400,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,020,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$18,825,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$13.40M
Range $12.06M – $14.74M · ±10% · vs last sale $15.30M (Aug 16 2022)
Last sale anchor
$15.30M
Aug 16 2022
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
$127 / 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
$120,043
Tax year 2024
Assessed value
$4,141,200
Assessed 2024
Previous assessed
$4,141,200
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$598,500
Assessed improvement
$3,542,700
Land market value
$598,500
Improvement market value
$3,590,430
Total market value
$4,188,930
Applied tax rate
52.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1998
Heating
YES
Cooling
WINDOW A/C
Total area
105,466 SF
Lot
10.3 ac (448,668 SF)
Zoning code
I1
APN
5203 011705E0
UPID
US73-5905167
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · West Chester, PA
Zoning I1 · permitted uses
I1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.0M
WAREHOUSE, STORAGE
Est. value
$18.8M
INDUSTRIAL (GENERAL) Current
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
1998
Heating
YES
Cooling
Yes
Lot
10.3 ac
Current owner
From public records · entity-resolved
Mh III 200 Lawrence Drive LLC
Entity
Mailing address
300 CONSHOHOCKEN STATE RD STE #200, CONSHOHOCKEN, PA 19428-3818
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
$15,300,000
Mh III 200 Lawrence Drive LLC
200 Lawrence LLC
Deed
$12,100,000 · Tristate Capital Bank
Oct 5, 2020
$980,000
200 Lawrence LLC
Envision Pennsylvania LLC
Dual Purpose Document
$5,164,804 · Meridian Bk
Oct 28, 2016
$9,250,000
Envision Pennsylvania LLC
Ip9 200 Lawrence Drive Investors LP
Special Warranty Deed
$6,475,000 · Covenant Bank
Aug 8, 2012
$8,770,000
Ip9 200 Lawrence Drive Invtrs
Are Pa Region 4 LP
Grant Deed
—
Sep 30, 2004
$13,950,000
4 Are-pa Region
Lawrence Road Investors
Grant Deed
—
—
—
Ip9 200 Lawrence Drive Invtrs
—
Deed Of Trust
related
$6,125,000 · Are-pa Region #4 LP
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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