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Property profile & analytics
OFF-MARKET
Estimated value
$14,990,000
Apartment buildings
240 Windgate Dr A1 Chester Springs, PA 19425-3643
Entity Owned
Free & Clear
Property ID
US73-4314480
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Total area
98,096 SF
Lot
12.21 ac (531,650 SF)
Zoning code
L1
APN
2507 03180200
UPID
US73-4314480
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
-
American Martial Arts Academy - Chester Springs, PA Training Center Sports School
-
Weatherstone Flats Apartment Building Apartment Complex
-
Emily Funk Orthodontics Dental Office
-
Revival Pizza Pub Restaurant
-
Weatherstone Town Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.99M
Owner & transaction history
RV WEATHERSTONE APARTMENTS LLC
RV WEATHERSTONE APARTMENTS LLC
Zoning & alternative use
L1 · Chester Springs, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.4M
+20.2%
Restaurant
$21.2M
+14.0%
Auto repair, garage
$21.0M
+12.6%
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 Chester Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester Springs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,730,000
6.5%
$16,365,000
7%
$15,195,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$18,620,000
Current use
COMMERCIAL (GENERAL)
$22,380,000
Change: +20% · Conversion: Moderate
RESTAURANT
$21,220,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,960,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$18,240,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$14.99M
Range $13.49M – $16.49M · ±10%
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
$153 / 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
$697,015
Tax year 2024
Assessed value
$16,932,350
Assessed 2024
Previous assessed
$16,932,350
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$418,140
Assessed improvement
$16,514,210
Land market value
$418,140
Improvement market value
$16,913,290
Total market value
$17,331,430
Applied tax rate
25.0000
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
2021
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Units
42
Total area
98,096 SF
Lot
12.21 ac (531,650 SF)
Zoning code
L1
APN
2507 03180200
UPID
US73-4314480
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
L1 · Chester Springs, PA
Zoning L1 · permitted uses
L1 · Chester Springs, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$18.6M
COMMERCIAL (GENERAL)
Est. value
$22.4M
RESTAURANT
Est. value
$21.2M
AUTO REPAIR, GARAGE
Est. value
$21.0M
OFFICE BUILDING
Est. value
$18.2M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Buildings
5
Units
42
Lot
12.21 ac
Current owner
From public records · entity-resolved
RV WEATHERSTONE APARTMENTS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
240 WINDGATE DRA1, CHESTER SPRINGS, PA 19425-3643
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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