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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office buildings
501 Hannum Ave West Chester, PA 19380-2296
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5954769
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2023
Total area
6,179 SF
Lot
1.49 ac (65,122 SF)
Zoning code
CS
APN
0108 00370000
UPID
US73-5954769
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
West Chester Orthodontics Dental Office
-
Quad Dale Dingle Monument Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$939k
Blend (final)
Blend
$885k
Owner & transaction history
The Gathering Of West Chester INC · 4 yrs held
The Gathering Of West Chester INC
since 2022
Last sale
$810,000
7 recorded transactions
Zoning & alternative use
CS · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ral design standards. § 112-306 NC-1 Neighborhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309 TC Town Center District. § 112-310 CS Commercial Service District. § 112-311 ID Industrial District. § 112-312 IS Institutional District. § 112-313 MU Mixed-Use District. § 11…
Zone name
Commercial Service
General category
COMMERCIAL
Zone area
53.21 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$835,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,335,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,175,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,105,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $810k (Oct 4 2021)
Last sale anchor
$810k
Oct 4 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,236
Tax year 2024
Assessed value
$519,880
Assessed 2024
Previous assessed
$519,880
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$280,910
Assessed improvement
$238,970
Land market value
$280,910
Improvement market value
$272,240
Total market value
$553,150
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2023
Heating
FORCED AIR
Cooling
CENTRAL
Total area
6,179 SF
Lot
1.49 ac (65,122 SF)
Zoning code
CS
APN
0108 00370000
UPID
US73-5954769
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CS · West Chester, PAZoning CS · permitted uses
CS · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ral design standards. § 112-306 NC-1 Neighborhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309 TC Town Center District. § 112-310 CS Commercial Service District. § 112-311 ID Industrial District. § 112-312 IS Institutional District. § 112-313 MU Mixed-Use District. § 112-314 Planned University Campus District. Article IV Overlay Districts § 112-401 H
Zone name
Commercial Service
General category
COMMERCIAL
Zone area
53.21 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Heating
FORCED AIR
Cooling
Yes
Lot
1.49 ac
Current owner
From public records · entity-resolved
The Gathering Of West Chester INC
Entity
Mailing address
440 E MARSHALL ST STE #301, WEST CHESTER, PA 19380-5414
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
501 Hannum Ave LLC
—
Deed
related
$1,016,000 · 1st Colonial Community Bank
Feb 14, 2022
$300,000
The Gathering Of West Chester INC
Stanab LP
Deed
$240,000 · Wilmington Savings Fund Society Fsb
Jan 6, 2022
—
501 Hannum Ave LLC
—
Deed
related
$2,200,000 · 1st Colonial Community Bank
Oct 4, 2021
$810,000
501 Hannum Ave LLC
Stanab LP
Deed
—
Oct 4, 2021
—
501 Hannum Ave LLC
—
Deed
related
—
Oct 2, 2013
$650,000
Stanab LP
Mebert LLC
Grant Deed
$584,000 · Fulton Bank
Aug 28, 2006
$700,000
Mebert LLC
Edwin W Veit
Deed
$700,000 · First National Bank Of Chester Coun
—
—
Stanab LP
—
Deed Of Trust
related
$300,000 · Fulton Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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