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

    296 Boot Rd West Chester, PA 19380-1171

    • Industrial properties
    • 2,975 SF
    • 2.13 lot acres
    OFF-MARKET
    Last Sale
    Apr 15, 2021
    $450,000
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    6.3%
    Industrial properties
    Location Intelligence
    Property ID
    US73-2210679
    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

    • Duke Renovations / Deck Builder / Service Establishment
    • West Chester Equipter Rentals / Equipment Rental Agency

    Property Details for 296 Boot Rd

    Year built
    1850
    Lot size
    2.13 lot acres
    Property size
    2,975 SF
    Zone code
    R2
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    4108 01820000
    APU
    410801820000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $720,000
      ML approach
      $640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $670,000
      6.5%
      $620,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,135,000
      Market price range: $621k - $1.27M
      AI Estimate
      $503,000
      Market price range: $234k - $602k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $885,000
      Current use
      AUTO REPAIR, GARAGE
      $990,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.6275
    Latitude
    40.0061
    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
    $5,590
    $65,540
    $127,290
    $192,830
    -
    $65,540
    $136,690
    $202,230

    Comparable in this City

    • Value Estimation
      $405,000
      3,859 SF

      139 Marshall St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,859 SF
      139 Marshall St, West Chester, PA 19380-2427
      View Details
    • Value Estimation
      $515,000
      2,775 SF

      1640 Strasburg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,775 SF
      1640 Strasburg Rd, West Chester, PA 19380-6420
      View Details
    • Value Estimation
      $490,000
      2,612 SF

      20 Ellis Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,612 SF
      20 Ellis Ln, West Chester, PA 19380-5649
      View Details
    • Value Estimation
      $400,000
      2,033 SF

      5 Greenhill Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,033 SF
      5 Greenhill Rd, West Chester, PA 19380-3907
      View Details
    • Value Estimation
      $525,000
      2,818 SF

      1605 Glenmont Ln

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,818 SF
      1605 Glenmont Ln, West Chester, PA 19380-6677
      View Details
    • Value Estimation
      $505,000
      2,920 SF

      1339 Strasburg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 2,920 SF
      1339 Strasburg Rd, West Chester, PA 19380-6254
      View Details

    Similar Nearby for Sale

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      44,000 SF

      West Chester Mixed-Use Complex

      44,000 SF fully leased mixed-use complex in West Chester.
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      Versatile West Chester Mixed-Use Property

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    Similar Nearby for Lease

    • Contact for pricing
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      Industrial Space in West Chester

      Industrial property available for lease in West Chester, PA.
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      View Details
    • $13 SF/Yr
      5,900 SF

      West Chester Flex Space Available

      5,900 SF flex space with easy highway access.
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      View Details
    • $875,000
      8,100 SF

      West Chester Flex Condominium

      8,100 SF flex condominium with warehouse space for sale.
      835 Lincoln Ave, West Chester, PA 19380
      View Details
    • $1,300 /Mo
      500 SF

      West Chester Contractor Warehouse Space

      Contractor warehouse space available in a central West Chester location.
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    • $15 SF/Yr
      3,200 SF

      Prime Flex Space Available

      3,200 SF flex space with drive-in door and mezzanine.
      829-839 Lincoln Ave, West Chester, PA 19380
      View Details
    • $13 SF/Yr
      6,600 SF

      West Chester Flex Space Available

      Flex space featuring office and warehouse components with drive-in access.
      917 Old Fern Hill Rd, West Chester, PA 19380
      View Details
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    296 Boot Rd
    West Chester, PA 19380-1171
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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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