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

    390 Vineyard Way West Grove, PA 19390

    • Office buildings
    • 9,914 SF
    • 7.30 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Jan 08, 2020
    $4,300,000
    Value Estimations
    $4,185,000
    Cap Rate Potential
    3%
    Office buildings
    Location Intelligence
    Property ID
    US73-4352574
    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

    • Diane Hernandez / Dental Office
    • Lisa Breslow, DO / Medical Clinic
    • US Artificial Grass / Big Box & Wholesale Store / (Bike/Boat/Book/etc) Store
    • rosina woolston / Real Estate Agency
    • Robin Jones, Realtor at RE/MAX Excellence / Real Estate Agency

    Property Details for 390 Vineyard Way

    Year built
    2007
    Lot size
    7.30 lot acres
    Property size
    9,914 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    5804 00590100
    APU
    580400590100

    Description

    This exceptional offering presents two fully-equipped office suites in West Grove, Pennsylvania, ideally situated at 390 Vineyard Way, zip code 19390. Suite 401, boasting approximately 2,558 square feet, is a turnkey salon/spa space complete with all fixtures, furniture, and equipment (FF&E), multiple kitchenettes and restrooms, a reception area, abundant natural light, updated LVP flooring, and excellent signage opportunities. Suite 304, encompassing roughly 2,380 square feet, is perfectly suited for retail, medical, or general office use. This space features five private offices, a conference room, kitchenette, reception area, a large coworking bullpen, abundant natural light, high ceilings with recessed lighting, and excellent signage visibility on Baltimore Pike. Both suites benefit from ample on-site shared parking and on-site property management. The building, totaling 9,914 square feet, sits on a 7.3-acre lot in Chester County and offers easy access to the new Avon Grove High School. These versatile spaces provide a unique opportunity for businesses seeking a move-in ready environment with modern amenities and a convenient location. The multiple tenancy structure ensures a vibrant and collaborative atmosphere.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,595,000
      ML approach
      $5,675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,770,000
      6.5%
      $2,560,000
      7%
      $2,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,685,000
      Market price range: $1.26M - $2.69M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Grove
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.8667
    Latitude
    39.8228
    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
    $88,428
    $154,500
    $2,054,500
    $2,209,000
    -
    $154,500
    $2,208,500
    $2,363,000

    Comparable in this City

    • Value Estimation by Request
      3,276 SF

      531 Baltimore Pike

      OFFICE BUILDING • 3,276 SF
      531 Baltimore Pike, West Grove, PA 19390-9253
      View Details
    • Value Estimation
      $520,000
      4,145 SF

      20 Prospect Ave

      OFFICE BUILDING • 4,145 SF
      20 Prospect Ave, West Grove, PA 19390-1106
      View Details
    • Value Estimation
      $550,000
      4,690 SF

      10 Prospect Ave

      OFFICE BUILDING • 4,690 SF
      10 Prospect Ave, West Grove, PA 19390-1106
      View Details
    • Value Estimation
      $610,000
      5,895 SF

      881 Baltimore Pike

      OFFICE BUILDING • 5,895 SF
      881 Baltimore Pike, West Grove, PA 19390-9467
      View Details
    • Value Estimation
      $610,000
      4,722 SF

      650 Baltimore Pike

      OFFICE BUILDING • 4,722 SF
      650 Baltimore Pike, West Grove, PA 19390-9111
      View Details
    • Value Estimation
      $4,155,000
      125,140 SF

      1015 Baltimore Pike

      OFFICE BUILDING • 125,140 SF
      1015 Baltimore Pike, West Grove, PA 19390-9459
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,130 SF

      WEST GROVE Office Space Available

      Office space in Jennersville with private entrance and parking.
      699 W Baltimore Pike, West Grove, PA 19390
      View Details
    • $1,999,999
      4.00 Acres

      Commercial Land in West Grove

      Four-acre commercial lot at Route 1 and Route 796 intersection.
      230 N Jennersville Rd, West Grove, PA 19390
      View Details
    • $3,150,000
      21.17 Acres

      Jennersville Commercial Land - 21 Acres

      Prime location, 21+ acres, commercial zoning.
      West Grove, PA 19390
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      58,256 SF

      West Grove Office Building For Rent

      58,256 SF office building near Jennersville Regional Hospital.
      1011 W Baltimore Pike, West Grove, PA 19390
      View Details
    • Contact for pricing
      58,256 SF

      West Grove Medical Office Space

      Prime Medical Office Suites, Chester County, PA
      1011 Baltimore Pike, West Grove, PA 19390
      View Details
    • $16 SF/Yr
      9,914 SF

      West Grove Office Space for Lease

      Turnkey Salon/Spa, Abundant Amenities
      390 Vineyard Way, West Grove, PA 19390
      View Details
    • $10 SF/Yr
      4,800 SF

      Historic West Grove Office Building

      Prime Office Space, Live/Work Potential
      500 Coatesville Rd, West Grove, PA 19390
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Shoppes at Jenner’s Village

      Retail space available in shopping center anchored by GIANT.
      833 W Baltimore Pike, West Grove, PA 19390
      View Details
    • $60 SF/Yr
      43,703 SF

      West Grove Commercial Land Opportunity

      Prime 1-acre lot, high traffic, Village Commercial zoning.
      107 Jennersville Rd, West Grove, PA 19390
      View Details
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    West Grove, PA 19390
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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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