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

    214 Bolmar St Sta, Unit A West Chester, PA 19382-3492

    • Apartment buildings
    • 16,000 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Aug 15, 2022
    $4,500,000
    Value Estimations
    $3,955,000
    Show details
    Cap Rate Potential
    3.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US73-2034934
    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

    • Apartment buildings

    Property Details for 214 Bolmar St Sta

    Year built
    1965
    Lot size
    0.68 lot acres
    Property size
    16,000 SF
    Zone code
    ID
    Property type
    Apartment buildings
    APN
    0106 00870200
    APU
    10600870200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,890,000
      6.5%
      $2,670,000
      7%
      $2,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,617,000
      Market price range: $1.46M - $5.49M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,035,000
      Current use
      AUTO REPAIR, GARAGE
      $5,335,000
      Change: +76% Conversion: Difficult
      OFFICE BUILDING
      $4,545,000
      Change: +50% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,445,000
      Change: +46% Conversion: Moderate
      RESTAURANT
      $4,345,000
      Change: +43% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,855,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5936
    Latitude
    39.9622
    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
    $35,520
    $142,440
    $870,170
    $1,012,610
    -
    $142,440
    $870,170
    $1,012,610

    Comparable in this City

    • Value Estimation by Request
      200 SF

      1133 Skiles Blvd

      APARTMENT HOUSE (5+ UNITS) • 200 SF
      1133 Skiles Blvd, West Chester, PA 19382-7382
      View Details
    • Value Estimation
      $850,000
      2,739 SF

      1193 Kingsway Rd, Unit 7

      APARTMENT HOUSE (5+ UNITS) • 2,739 SF
      1193 Kingsway Rd, West Chester, PA 19382-5149
      View Details
    • Value Estimation
      $8,455,000
      47,940 SF

      1224 Chester Pike

      APARTMENT HOUSE (5+ UNITS) • 47,940 SF
      1224 Chester Pike, West Chester, PA 19382-5682
      View Details
    • Value Estimation
      $8,495,000
      56,310 SF

      1045 Wilmington Pike

      APARTMENT HOUSE (5+ UNITS) • 56,310 SF
      1045 Wilmington Pike, West Chester, PA 19382-7421
      View Details
    • Value Estimation
      $9,835,000
      117,558 SF

      1316 Chester Pike, Unit D1

      APARTMENT HOUSE (5+ UNITS) • 117,558 SF
      1316 Chester Pike, West Chester, PA 19382-6437
      View Details
    • Value Estimation by Request
      3,521 SF

      1100 Chester Pike, Unit F24

      APARTMENT HOUSE (5+ UNITS) • 3,521 SF
      1100 Chester Pike, West Chester, PA 19382-5085
      View Details

    Similar Nearby for Sale

    • $1,550,000
      6,605 SF

      Mixed-Use Building in Downtown West Chester

      Fully leased, renovated mixed-use building with on-site parking.
      26 S Church St, West Chester, PA 19382
      View Details
    • $545,000
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      West Chester Borough Duplex

      Charming duplex in West Chester with income potential.
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    • $425,000
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      Townhouse with Wooded Views

      Well-maintained townhouse with four levels, garage, and finished basement.
      1704 Stoneham Dr, West Chester, PA 19382
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    • $515,000
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      Charming Twin in West Chester

      Updated twin in West Chester Boro, walkable to Market Street.
      26 W Miner St, West Chester, PA 19382
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    • $399,900
      1,608 SF

      West Chester Townhome with Amenities

      Move-in ready townhome near West Chester University with community amenities.
      846 Amber Ln, West Chester, PA 19382
      View Details
    • $465,000
      1,540 SF

      Classic Brick Twin Home

      Charming, updated 4-bedroom home near West Chester's vibrant downtown.
      130 Lacey St, West Chester, PA 19382
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Historic Farmhouse Apartment Available 2026

      Spacious 2-bedroom apartment in historic farmhouse, available January 2026.
      514 Spg Grv Ln Ln, West Chester, PA 19382
      View Details
    • $13 SF/Yr
      5,250 SF

      West Chester Flex Space Available

      5,250 SF Flex Warehouse, West Chester PA
      610 Strasburg Rd, West Chester, PA 19382
      View Details
    • Contact for pricing
      123,629 SF

      Dilworthtown Crossing Retail Spaces

      Grocery-anchored retail spaces available
      1393 Dilworthtown Rd, West Chester, PA 19382
      View Details
    • Contact for pricing
      21,358 SF

      West Chester Flex Space Available

      Industrial Flex Space: 500 SF Available
      210 Carter Dr, West Chester, PA 19382
      View Details
    • Contact for pricing
      2,560 SF

      West Chester Executive Office Space

      Modern Flex Office, 1280 SF Available
      207 Bolmar St, West Chester, PA 19382
      View Details
    • $24 SF/Yr
      1,234 SF

      Office Suites with Historical Finishes

      Two office suites available in elevator-serviced building with secured entry.
      239 East Market St, West Chester, PA 19382
      View Details
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    West Chester, PA 19382-3492
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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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