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    Property profile & analytics

    391 Lancaster Ave Malvern, PA 19355

    • Turn key restaurants
    • 10,870 SF
    • 0.52 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $520,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0742417
    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

    • Turn key restaurants

    Property Details for 391 Lancaster Ave

    Year built
    1918
    Lot size
    0.52 lot acres
    Property size
    10,870 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    4204N00430000
    APU
    4204N00430000

    Description

    Located in the thriving Frazer/Malvern area of Chester County, Pennsylvania, Frazer Ridge Shops and Offices offers exceptional office space for lease. This professional retail and office building sits on heavily traveled Lancaster Avenue, ensuring high visibility and accessibility. The property features a total of 35 parking spaces for tenant and visitor convenience. Currently, there is 3,150 square feet of vacant space available, divisible into units as small as 550 square feet and up to a contiguous 3,500 square feet, making it ideal for a variety of businesses. The building's prime location offers easy access to Route 202, as well as a wealth of nearby amenities including restaurants and shopping, providing convenience for employees and clients alike. The address is 391 Lancaster Avenue, Malvern, PA 19355. This is a multi-tenant building offering flexible lease terms and a strategic location for businesses seeking a prominent presence in the Chester County market. The property is categorized as Retail and Office, specifically Executive Office, Storefront, and Office space. This presents a unique opportunity to establish a business in a high-traffic area with excellent visibility and ample parking. Inquire today to learn more about leasing options and secure your ideal office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $651,000
      Market price range: $616k - $1.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Malvern
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.556
    Latitude
    40.0384
    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
    $11,159
    $163,610
    $225,790
    $389,400
    -
    $163,610
    $239,270
    $402,880

    Comparable in this City

    • Value Estimation
      $595,000
      4,708 SF

      567 Lancaster Ave

      RESTAURANT • 4,708 SF
      567 Lancaster Ave, Malvern, PA 19355-1814
      View Details
    • Value Estimation
      $735,000
      4,550 SF

      605 Morehall Rd

      RESTAURANT • 4,550 SF
      605 Morehall Rd, Malvern, PA 19355-1437
      View Details
    • Value Estimation
      $530,000
      4,950 SF

      630 Lancaster Ave

      RESTAURANT • 4,950 SF
      630 Lancaster Ave, Malvern, PA 19355-1810
      View Details
    • Value Estimation
      $770,000
      6,036 SF

      115 Lancaster Ave

      RESTAURANT • 6,036 SF
      115 Lancaster Ave, Malvern, PA 19355
      View Details
    • Value Estimation by Request
      660 SF

      146 Paoli Pike

      RESTAURANT • 660 SF
      146 Paoli Pike, Malvern, PA 19355-3022
      View Details
    • Value Estimation
      $725,000
      16,462 SF

      690 Sugartown Rd, Unit 1

      RESTAURANT • 16,462 SF
      690 Sugartown Rd, Malvern, PA 19355-3304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,100 SF

      Retail Property on Lancaster Avenue

      Freestanding retail building with drive-thru on a large parcel.
      101 Lancaster Ave, Frazer, PA 19355
      View Details
    • $1,395,000
      Pending

      Malvern Commercial Property with HB Zoning

      Highway Business District property with versatile mixed-use potential in Malvern.
      514 E King Rd, Malvern, PA 19355
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      12,900 SF

      CVS Pharmacy NNN Lease

      Long-term NNN lease with investment grade tenant.
      335 Lancaster Ave, Malvern, PA 19355
      View Details
    • Contact for pricing
      1.10 Acres

      Prime Malvern Commercial Land

      1.1-Acre Commercial Lot, Route 30
      9 Lancaster Ave, Malvern, PA 19355
      View Details
    • $325,000
      1,920 SF

      Malvern Executive Office Condo

      1,920 SF Office, Prime Location
      647 Swedesford Rd, Malvern, PA 19355
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    • Contact for pricing

      Malvern Office Suites: Flexible Lease Options

      Prestigious Malvern office space, short-term leases available.
      5 Great Valley Pkwy, Malvern, PA 19355
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Restaurant Space with Ample Parking

      Restaurant space for lease with highway visibility and parking.
      630 Lancaster Ave, Malvern, PA 19355
      View Details
    • Contact for pricing
      4,100 SF

      Retail Property on Lancaster Avenue

      Freestanding retail building with drive-thru on Lancaster Avenue.
      101 Lancaster Ave, Frazer, PA 19355
      View Details
    • Contact for pricing
      4,500 SF

      Malvern Retail Space Available

      Retail space in Malvern, adjacent to Holiday Inn Express.
      5 Morehall Rd, Malvern, PA 19355
      View Details
    • Contact for pricing
      3,000 SF

      Retail/Office Space on Lancaster Avenue

      3,000 SF retail/office space with ample parking.
      70 Lancaster Ave, Malvern, PA 19355
      View Details
    • $18 SF/Yr
      2,000 SF

      Frazer Office Suites Available

      Prime Malvern location, flexible office space.
      391 Lancaster Ave, Malvern, PA 19355
      View Details
    • $48,250
      23,087 SF

      Renovated Store or Office Space

      Newly renovated store or office space with excellent visibility.
      351 Lancaster Ave, Malvern, PA 19355
      View Details
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    391 Lancaster Ave
    Malvern, PA 19355
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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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