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Property profile & analytics
OFF-MARKET
Estimated value
$22,955,000
Apartment buildings
201 Gay St 208 West Chester, PA 19380-2727
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-0365086
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Total area
356,747 SF
Lot
2.21 ac (96,093 SF)
Zoning code
TC
APN
0105 03740000
UPID
US73-0365086
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
-
Chestnut Square Real Estate Agency
-
Science Behind Yoga Gym & Fitness Center
-
The nGage Company Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.96M
Owner & transaction history
220 Chestnut Associates LP · 4 yrs held
220 Chestnut Associates LP
since 2021
Last sale
$23.4M
7 recorded transactions
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-304 Permitted uses. § 112-305 General design standards. § 112-306 NC-1 Neighborhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309 TC Town Center District. § 112-310 CS Commercial Service District. § 112-311 ID Industrial District. § 112-312 IS Institutional District. §…
Zone name
Town Center
General category
COMMERCIAL
Zone area
100.68 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$64 / 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
$494,922
Tax year 2024
Assessed value
$14,109,440
Assessed 2024
Previous assessed
$14,109,440
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$463,060
Assessed improvement
$13,646,380
Land market value
$463,060
Improvement market value
$13,718,860
Total market value
$14,181,920
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
225
Units
205
Total area
356,747 SF
Lot
2.21 ac (96,093 SF)
Zoning code
TC
APN
0105 03740000
UPID
US73-0365086
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
TC · West Chester, PAZoning 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
Zoning description
-304 Permitted uses. § 112-305 General design standards. § 112-306 NC-1 Neighborhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309 TC Town Center District. § 112-310 CS Commercial Service District. § 112-311 ID Industrial District. § 112-312 IS Institutional District. § 112-313 MU Mixed-Use District. § 112-314 Planned University Campus District. Artic
Zone name
Town Center
General category
COMMERCIAL
Zone area
100.68 ac
Building & site characteristics
From public records
Year built
2016
Heating
FORCED AIR
Cooling
Yes
Buildings
225
Units
205
Lot
2.21 ac
Current owner
From public records · entity-resolved
220 Chestnut Associates LP
Entity
Free & Clear · 4 yrs held
Mailing address
120 PENNSYLVANIA AVE, MALVERN, PA 19355-2418
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2021
$103,366
220 Chestnut Associates LP
220 Chestnut Associates LP
Special Warranty Deed
—
Oct 20, 2021
$23,445,431
Free Range 220 LLC
Cornerstone West Chester LLC
Special Warranty Deed
—
Oct 20, 2021
$165,228
Free Range 220 LLC
Della Porta Family Limited Partners
Special Warranty Deed
—
Oct 20, 2021
—
220 Chestnut Associates LP
220 Chestnut Associates LP
Intrafamily Transfer
related
—
Mar 7, 2017
—
220 Chestnut Associates LP
—
Grant Deed
related
$37,000,000 · Miscellaneous Ins Co
Apr 18, 2014
—
220 Chestnut Associates LP
—
Grant Deed
related
$37,000,000 · M&t Bk
Jan 9, 2012
$1,300,000
220 Chestnut Associates LP
Brasalind Properties INC
Deed
$504,000 · Iron Workers Bank
Oct 10, 2001
$375,000
Brasalid Properties INC
Close,daniel T & Marie
Grant Deed
$360,000 · Daniel T & Marie Close
—
—
220 Chestnut Associates LP
—
Loan Modification
related
$37,000,000 · Miscellaneous Ins Co
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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