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323 S Matlack St, West Chester, PA 19382
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Property summary
AI-generated overview
This exceptional 11,546-square-foot flex space at 323 South Matlack Street in West Chester, Pennsylvania, presents a unique opportunity for businesses seeking a versatile industrial property. Located in Chester County, this single-tenant building offers ample parking, catering to the needs of employees and clients alike. The property is zoned NC-2, providing flexibility for a range of industrial and commercial uses. The entire 11,546 square feet is currently vacant, allowing for complete customization to suit your specific operational requirements. The building's design is adaptable to various business needs, making it ideal for companies requiring a blend of office and warehouse space. Its strategic location in West Chester offers easy access to major transportation routes, ensuring seamless logistics and convenient commutes for your workforce. This property represents a rare chance to secure a substantial, well-located industrial space in a thriving Pennsylvania market. The ample parking ensures convenient access for employees and visitors. The NC-2 zoning provides flexibility for a variety of business types. Don't miss this opportunity to establish your business in this prime West Chester location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Total area
11,546 SF
Lot
0.45 ac (19,738 SF)
Zoning code
NC2
APN
0109 09810000
UPID
US73-2603164
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising Printing Service
-
Training Center Tutoring Service
-
Employment Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$1.32M
Owner & transaction history
since 2023
Last sale
$985,000
7 recorded transactions
Zoning & alternative use
NC2 · West Chester, PA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.32M
Value range
$1.19M – $1.45M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
40
Income certainty
100
$1.19M
blend $1.32M
$1.45M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,546 SF
Lot area
0.45 ac
Year built
1930
APN
0109 09810000
Zoning
NC2
Assessed value
$226,700
Annual tax
$7,952
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.31M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.42M
@ 6.5% CAP return
$1.31M
@ 7% CAP return
$1.21M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$7,952
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$673k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.0 mi away · 14,000 SF
17.5 mi away · 12,000 SF
24.6 mi away · 9,010 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 53 sales
$127
-10%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $114/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
6.40%
Selected cap rate for this flex space
Derived from the West Chester market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.40%
9.0%
NOI (est.)
$99k *
Last sale · Sep 2023
$985k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.54M
Move the market yield to see immediate price impact.
Value / SF
$134
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.90%6.40%6.90%
$89k
$1.51M
$1.39M
$1.29M
$99k
$1.67M
$1.54M
$1.43M
$109k
$1.84M
$1.70M
$1.58M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$500k
14.1 mi · Dec 2025 · $35/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,952
Tax year 2024
Assessed value
$226,700
Assessed 2024
Previous assessed
$226,700
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$72,810
Assessed improvement
$153,890
Land market value
$72,810
Improvement market value
$158,320
Total market value
$231,130
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1930
Heating
FORCED AIR
Cooling
WINDOW A/C
Total area
11,546 SF
Lot
0.45 ac (19,738 SF)
Zoning code
NC2
APN
0109 09810000
UPID
US73-2603164
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
FORCED AIR
Cooling
Yes
Lot
0.45 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
NC2
Jurisdiction
West Chester, PA
Recorded code
NC2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC2 in West Chester, PA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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