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

    2058 Chichester Ave Upper Chichester, PA 19061-3735

    • Warehouses
    • 2,424 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    4.5%
    Warehouses
    Location Intelligence
    Property ID
    US73-5751747
    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

    • Mark Garzia Law Offices / Attorney / Patent Attorney

    Property Details for 2058 Chichester Ave

    Year built
    1950
    Lot size
    0.25 lot acres
    Property size
    2,424 SF
    Property type
    Warehouses
    APN
    09-00-00911-00
    APU
    9000091100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $276,000
      Market price range: $103k - $292k
      AI Estimate
      $214,000
      Market price range: $75.9k - $214k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $185,000
      Current use
      AUTO REPAIR, GARAGE
      $290,000
      Change: +54% Conversion: Easy
      OFFICE BUILDING
      $250,000
      Change: +33% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $230,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Chichester
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.4337
    Latitude
    39.8287
    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
    $6,905
    $96,270
    $111,550
    $207,820
    -
    $0.00
    $0.00
    $207,820

    Comparable in this City

    • Value Estimation
      $6,055,000
      40,000 SF

      600 Rdg Rd

      WAREHOUSE, STORAGE • 40,000 SF
      600 Rdg Rd, Marcus Hook, PA 19061-1700
      View Details
    • Value Estimation
      $370,000
      13,957 SF

      Huddle Ave

      WAREHOUSE, STORAGE • 13,957 SF
      Huddle Ave, Marcus Hook, PA 19061
      View Details
    • Value Estimation
      $335,000
      5,200 SF

      Ormond Penn St

      WAREHOUSE, STORAGE • 5,200 SF
      Ormond Penn St, Marcus Hook, PA 19061
      View Details
    • Value Estimation
      $270,000
      6,500 SF

      101 10th St

      WAREHOUSE, STORAGE • 6,500 SF
      101 10th St, Marcus Hook, PA 19061-4602
      View Details
    • Value Estimation
      $400,000
      12,800 SF

      3201 9th St

      WAREHOUSE, STORAGE • 12,800 SF
      3201 9th St, Trainer, PA 19061-5242
      View Details
    • Value Estimation
      $460,000
      11,288 SF

      Blueball Ave

      WAREHOUSE, STORAGE • 11,288 SF
      Blueball Ave, Marcus Hook, PA 19061
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Renovated Flex Space For Sale

      Partially renovated flex space with immediate highway access.
      1501 Blueball Ave, Marcus Hook, PA 19061
      View Details
    • $650,000
      13,692 SF

      Marcus Hook Industrial Property

      Value-add flex space, 13,692 SF
      1580 Huddell Ave, Marcus Hook, PA 19061
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    • $825,000
      2,800 SF

      Boothwyn Bank Branch - $825K

      Vacant bank, 2,800 SF, 1.26 acres.
      3400 Chichester Ave, Boothwyn, PA 19061
      View Details
    • Contact for pricing
      14,479 SF

      Former Retail with Drive-Thru

      Former Rite Aid with drive-thru available for sale.
      3120 Chichester Ave, Upper Chichester, PA 19061
      View Details
    • $725,000
      3,300 SF

      Retail Property with Ample Parking

      Retail space for sale with strong traffic and ample parking.
      3400 Chichester Ave, Marcus Hook, PA 19061
      View Details
    • $125,000

      Residential Lot in Marcus Hook

      Lush lot ready for a dream home in Marcus Hook.
      1813 Manor Ave, Marcus Hook, PA 19061
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Warehouse Space Near Major Routes

      Warehouse space with loading docks and highway access.
      4009 Market St, Upper Chichester, PA 19061
      View Details
    • Contact for pricing
      374,400 SF

      Marcus Hook Warehouse Space

      374,400 SF warehouse/distribution space in Marcus Hook, PA.
      203 E 10Th St, Marcus Hook, PA 19061
      View Details
    • $2,100 /Mo

      Retail/Office Space For Lease

      High-traffic location suitable for retail, office, and service businesses.
      2233 Chichester Ave, Upper Chichester, PA 19061
      View Details
    • Contact for pricing
      6,174 SF

      Chichester Square Retail Space For Lease

      Boothwyn, PA retail space available. Prime location.
      3601 Chichester Ave, Boothwyn, PA 19061
      View Details
    • $459,000
      800 SF

      Iconic Ice Cream Shop Opportunity

      Established ice cream shop with real estate and equipment for rent.
      1594 Market St, Marcus Hook, PA 19061
      View Details
    • $1,950 /Mo

      Upper Chichester Commercial Space Available

      Adaptable commercial space in Upper Chichester with C1 zoning.
      1507 Meetinghouse Rd, Upper Chichester, PA 19061
      View Details
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    Upper Chichester, PA 19061-3735
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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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