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Property profile & analytics
OFF-MARKET
Estimated value
$5,075,000
Office buildings
215 Walnut St West Chester, PA 19380
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0751877
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
3,800 SF
Lot
1.1 ac (47,916 SF)
Zoning code
NC2
APN
0105 02450000
UPID
US73-0751877
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.08M
Owner & transaction history
Dockside Properties LLC · 4 yrs held
Dockside Properties LLC
since 2022
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
NC2 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,845,000
ML approach
$5,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.08M
Range $4.57M – $5.58M · ±10% · vs last sale $5.10M (Jul 13 2022)
Last sale anchor
$5.10M
Jul 13 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
$1,336 / 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
$55,548
Tax year 2024
Assessed value
$1,583,570
Assessed 2024
Previous assessed
$1,583,570
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$104,370
Assessed improvement
$1,479,200
Land market value
$104,370
Improvement market value
$1,520,330
Total market value
$1,624,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
YES
Cooling
WINDOW A/C
Buildings
4
Total area
3,800 SF
Lot
1.1 ac (47,916 SF)
Zoning code
NC2
APN
0105 02450000
UPID
US73-0751877
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · West Chester, PAZoning NC2 · permitted uses
NC2 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
YES
Cooling
Yes
Buildings
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Dockside Properties LLC
Entity
Mailing address
3001 PHILADELPHIA PIKE, CLAYMONT, DE 19703-2580
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
$5,100,000
Dockside Properties LLC
Charles K Jerrehian
Deed
$3,825,000 · Malvern Bank NA
Jun 22, 2017
—
Joanne K Jerrehian
—
Deed
related
$200,000 · Coatesville Savings Bank
Mar 26, 2015
—
Charles K Jerrehian
—
Trustees Deed
related
$300,000 · Coatesville Svgs Bk
Jul 10, 2012
—
Charles K Jerrehian
—
Trustees Deed
related
$125,000 · Coatesville Savings Bank
Jul 18, 2002
$3,025,000
Charles K Jerrehian
Evans Street LP
Grant Deed
$2,100,000 · Millennium Bank NA
—
—
Charles K Jerrehian
—
Deed Of Trust
related
$300,000 · Stonebridge Bank
—
—
Charles K Jerrehian
—
Deed Of Trust
related
$200,000 · Coatesville Savings Bank
—
—
Charles K Jerrehian
—
Deed Of Trust
related
$2,400,000 · Coatesville Savings Bank
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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