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

    600 Strasburg Rd West Chester, PA 19382-1955

    • Warehouses
    • 12,087 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    $1,845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0904195
    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

    • Brandywine Pharmaceuticals, LLC / Factory / Production Facility
    • Pepper Medical Inc / Production Facility / Factory
    • Goosehead Insurance - Megan Barone / Insurance Agency
    • Goosehead Insurance- Barone Insurance, LLC / Insurance Agency

    Property Details for 600 Strasburg Rd

    Year built
    1961
    Lot size
    0.88 lot acres
    Property size
    12,087 SF
    Zone code
    CS
    Property type
    Warehouses
    APN
    0108 02670000
    APU
    10802670000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,060,000
      6.5%
      $1,900,000
      7%
      $1,765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,046,000
      Market price range: $911k - $3.01M
      AI Estimate
      $1,581,000
      Market price range: $473k - $2.64M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,155,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,295,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.6167
    Latitude
    39.9587
    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
    $17,942
    $205,700
    $305,810
    $511,510
    -
    $205,700
    $308,590
    $514,290

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      427 Bolmar St

      WAREHOUSE, STORAGE • 0.10 Acres
      427 Bolmar St, West Chester, PA 19382-4933
      View Details
    • Value Estimation
      $7,810,000
      40,014 SF

      540 Un St

      WAREHOUSE, STORAGE • 40,014 SF
      540 Un St, West Chester, PA 19382-3903
      View Details
    • Value Estimation by Request
      610 SF

      1511 Cougar Dr

      WAREHOUSE, STORAGE • 610 SF
      1511 Cougar Dr, West Chester, PA 19382
      View Details
    • Value Estimation
      $2,595,000
      10,288 SF

      209 Carter Dr

      WAREHOUSE, STORAGE • 10,288 SF
      209 Carter Dr, West Chester, PA 19382-4973
      View Details
    • Value Estimation
      $1,310,000
      16,400 SF

      316 Un St

      WAREHOUSE, STORAGE • 16,400 SF
      316 Un St, West Chester, PA 19382-3450
      View Details
    • Value Estimation
      $4,305,000
      20,640 SF

      535 Un St

      WAREHOUSE, STORAGE • 20,640 SF
      535 Un St, West Chester, PA 19382-3453
      View Details

    Similar Nearby for Sale

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      West Chester Warehouse: Prime Location

      34,170 SF Warehouse, I-2 Zoning
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    • $785,750
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      West Chester Flex Unit For Sale

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    • Contact for pricing
      19,919 SF

      Flex Office Units For Sale

      Flex office units available, individually or combined, tractor trailer accessible.
      208 Carter Dr, West Chester, PA 19382
      View Details
    • $425,000
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      Townhouse with Wooded Views

      Well-maintained townhouse with four levels, garage, and finished basement.
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    Similar Nearby for Lease

    • $15 SF/Yr
      1,250 SF

      West Chester Flex Space Available

      Flex space in West Chester Borough, close to Route 202.
      510 E Barnard St, West Chester, PA 19382
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    • $14 SF/Yr
      2,400 SF

      Flex Space with Warehouse

      Flex space with office and warehouse components available for lease.
      19 Hagerty Blvd, West Chester, PA 19382
      View Details
    • $13 SF/Yr
      3,000 SF

      Industrial Flex Space Available

      3,000 SF industrial flex space for rent.
      325 Westtown Rd, West Chester, PA 19382
      View Details
    • Contact for pricing
      31,000 SF

      West Chester Industrial Flex Space

      Modern Flex Warehouse, 3,100 SF Available
      13 Hagerty Blvd, West Chester, PA 19382
      View Details
    • $13 SF/Yr
      5,250 SF

      West Chester Flex Space Available

      5,250 SF Flex Warehouse, West Chester PA
      610 Strasburg Rd, West Chester, PA 19382
      View Details
    • Contact for pricing
      21,358 SF

      West Chester Flex Space Available

      Industrial Flex Space: 500 SF Available
      210 Carter Dr, West Chester, PA 19382
      View Details

    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      3.8k
    • Avg Time on site
      7 min
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    West Chester, PA 19382-1955
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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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