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    218 E Chestnut St Coatesville, PA 19320
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    218 E Chestnut St Coatesville, PA 19320

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    • Sports & entertainment properties
    • 16,343 SF
    • 0.11 lot acres
    For Sale
    $520,000
    View Listing →
    Coatesville Office Space Available For Sale
    $520,000
    16,343 SF

    Coatesville Office Space Available

    Office space available for rent in Coatesville, Pennsylvania.

    218 E Chestnut St, Coatesville, PA
    View Listing
    Property ID
    US73-2351347
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for 218 E Chestnut St

    Year built
    1920
    Lot size
    0.11 lot acres
    Property size
    16,343 SF
    Zone code
    C1
    Property type
    Sports & entertainment properties
    APN
    1605 01770000
    APU
    160501770000

    Description

    This exceptional three-story, 16,343-square-foot commercial building at 218 E Chestnut St., Coatesville, PA 19320, is available for lease or sale ($750,000). Built in 1920, this all-brick structure boasts a prime location in Chester County, zoned C-1, and offers multiple tenancy options. Its strategic placement near a renovated train station, a new parking garage, and a planned 266-unit apartment complex ensures high visibility and accessibility. The property benefits from significant traffic counts exceeding 21,795 vehicles per day, serving a densely populated area with over 39,000 residents within a three-mile radius. Ideal for a variety of uses, including medical (owner will renovate for medical tenants), retail, restaurant, or other neighborhood commercial businesses. The building's versatile layout and prominent location make it an excellent investment opportunity. Cross streets include N 3rd Ave and 2nd Ave.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $621,000
      Market price range: $622k - $2.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Coatesville
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.8219
    Latitude
    39.9842
    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
    $4,205
    $13,450
    $56,490
    $69,940
    -
    $13,450
    $56,490
    $69,940

    Comparable in this City

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      1659 Embreeville Rd

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      209 Lincoln Hwy

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      143 Reservoir Rd

      RECREATIONAL, ENTERTAINMENT • 12,416 SF
      143 Reservoir Rd, Coatesville, PA 19320-1765
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    • Value Estimation
      $1,445,000
      16,932 SF

      1200 Airport Rd

      RECREATIONAL, ENTERTAINMENT • 16,932 SF
      1200 Airport Rd, Coatesville, PA 19320-1876
      View Details
    • Value Estimation
      $715,000
      7,120 SF

      100 Birch Vw Ln

      RECREATIONAL, ENTERTAINMENT • 7,120 SF
      100 Birch Vw Ln, Coatesville, PA 19320-1075
      View Details
    • Value Estimation by Request
      1,440 SF

      113 Hidden Acres Rd

      RECREATIONAL, ENTERTAINMENT • 1,440 SF
      113 Hidden Acres Rd, Coatesville, PA 19320-1140
      View Details

    Similar Nearby for Sale

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      Coatesville Mixed-Use Investment Opportunity

      Prime Coatesville location, 34,200 sqft, 6.1 acres.
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      View Details
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      Coatesville Land For Sale

      0.13 acre lot available in Coatesville, Pennsylvania.
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      Renovated Mixed-Use Investment Opportunity

      68,805 SF building with 43 units and storage.
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      View Details
    • $65,000
      0.34 Acres

      Residential Lots in Coatesville, PA

      Two adjacent residential lots in an established neighborhood.
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      View Details
    • $300,000
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      Coatesville Triplex with Spacious Units

      Three-unit building with hardwood floors and fenced yard in Coatesville.
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    Similar Nearby for Lease

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      Grocery Anchored Shopping Center Space

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    • $10 SF/Yr

      Industrial Building Near Airport Road

      14,500 SF industrial building with 24' ceilings for lease.
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      1,250 SF

      Retail Space with Private Office

      Storefront retail space featuring a private office, kitchenette, and restroom.
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      View Details
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      Retail Space in Coatesville

      Retail space available for rent in downtown Coatesville, PA.
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      View Details
    • Contact for pricing

      Coatesville Restaurant and Retail Space

      Prime location with restaurant, retail, and event space available.
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      View Details
    View Listing
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    Coatesville, PA 19320
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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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    218 E Chestnut St, Coatesville, PA, 19320
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