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    3606 Chester Pike Newtown Square, PA 19073-4104
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    Property profile & analytics

    3606 Chester Pike Newtown Square, PA 19073-4104

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    • Banks
    • 5,416 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US73-0608138
    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

    • Banks

    Property Details for 3606 Chester Pike

    Year built
    1957
    Lot size
    0.53 lot acres
    Property size
    5,416 SF
    Property type
    Banks
    APN
    30-00-02860-00
    APU
    30000286000

    Description

    This exceptional free-standing retail building, located at 3606 West Chester Pike in Newtown Square, Pennsylvania (zip code 19073), offers 5,400 square feet of versatile space currently available for lease. The property is ideally suited for multiple tenants, with a minimum divisible space of 2,700 square feet and a maximum contiguous space of 2,700 square feet. This presents a unique opportunity for businesses seeking a prominent location in a thriving community. The entire building is currently vacant, providing a blank canvas for a new tenant or multiple tenants to customize the space to their specific needs. The building's prime location on West Chester Pike ensures high visibility and accessibility, attracting significant foot traffic and driving customer engagement. This is an excellent opportunity to establish a strong retail presence in a desirable area of Newtown Square. The property's convenient location offers easy access to major roadways, ensuring seamless transportation for both employees and customers. Interested parties are encouraged to inquire about lease terms and conditions. This property is ready for immediate occupancy. The address is easily accessible and highly visible. The building is structurally sound and well-maintained.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newtown Square
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3996
    Latitude
    39.9864
    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
    $14,492
    $337,410
    $533,440
    $870,850
    -
    $0.00
    $0.00
    $870,850

    Comparable in this City

    • Value Estimation
      $525,000
      5,233 SF

      3601 Chester Pike

      FINANCIAL BUILDING • 5,233 SF
      3601 Chester Pike, Newtown Square, PA 19073-3703
      View Details
    • Value Estimation by Request
      2,400 SF

      5000 Chester Pike

      FINANCIAL BUILDING • 2,400 SF
      5000 Chester Pike, Newtown Square, PA 19073-2802
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    • Value Estimation
      $3,450,000
      3,145 SF

      3604 Chester Pike

      FINANCIAL BUILDING • 3,145 SF
      3604 Chester Pike, Newtown Square, PA 19073-4104
      View Details
    • Value Estimation by Request
      3,000 SF

      4753 Chester Pike

      FINANCIAL BUILDING • 3,000 SF
      4753 Chester Pike, Newtown Square, PA 19073-2212
      View Details
    • Value Estimation by Request
      3,240 SF

      3609 Winding Way, Unit 3611

      FINANCIAL BUILDING • 3,240 SF
      3609 Winding Way, Newtown Square, PA 19073-3820
      View Details
    • Value Estimation by Request
      78,000 SF

      3805 Chester Pike

      Individual retail properties • 78,000 SF
      3805 Chester Pike, Newtown Square, PA 19073
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Retail Space on West Chester Pike

      Retail property for sale or lease at traffic light corner.
      5000 W Chester Pike, Newtown Square, PA 19073
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    • $3,000,000
      10,000 SF

      Specialty Italian Market For Sale

      45-year-old specialty Italian market with catering in Newtown Square, PA.
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      Retail Location in Newtown Square

      Located in the heart of Newtown Square retail area.
      210 South Newtown Street Rd, Newtown Square, PA 19073
      View Details
    • $1,750,000
      5.10 Acres

      Land Parcel on Ardsrossan Farm

      Homesite with views and access to Skunk Hollow Park.
      3111 Sawmill Rd, Newtown Square, PA 19073
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      44,000 SF

      Class A Office Building

      Two-story office building on 4.67 acres for sale or lease.
      10 Campus Blvd, Newtown Square, PA 19073
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      6,000 SF

      Newtown Square Office Building For Sale

      Office building in Newtown Square with high visibility and parking.
      3501 W Chester Pike, Newtown Square, PA 19073
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    Similar Nearby for Lease

    • Contact for pricing
      3,240 SF

      Retail Space Near Shopping Center

      3,240 SF retail space in desirable Newtown Square location.
      3553 W Chester Pike, Newtown Square, PA 19073
      View Details
    • $10 SF/Yr
      2,100 SF

      Retail Space in Busy Center

      Retail units available in high-traffic shopping center on West Chester Pike.
      5050 West Chester Pike, Newtown Square, PA 19073
      View Details
    • Contact for pricing
      6,000 SF

      Office/Retail Building with On-Site Parking

      Two-story office/retail building with on-site parking, up to 6,000 SF.
      51 S Newtown Street Rd, Newtown Square, PA 19073
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Newtown Square

      Retail space available in a densely populated area.
      3530-3552 W Chester Pike, Newtown Square, PA 19073
      View Details
    • Contact for pricing

      Retail Space in Densely Populated Area

      Retail space available in a leading center near office spaces.
      3590 West Chester Pike, Newtown Square, PA 19073
      View Details
    • Contact for pricing
      1,886 SF

      Class A Office Space Available

      Efficient office suite in a convenient Newtown Square location.
      24 S Newtown Street Rd, Newtown Square, PA 19073
      View Details
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    Newtown Square, PA 19073-4104
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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.

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