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

    607 Market St West Chester, PA 19382-2703

    • Super regional malls
    • 8,955 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5746901
    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

    • Capriotti's Sandwich Shop / Salad Shop / Delivery Restaurant
    • Smoke N Vape [Tobacco-CBD-Cigars-Kratom-Water pipes] / Tobacco Shop
    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
    • Mabel's Barbeque / Barbecue Restaurant
    • Dunkin' / Fast Food Restaurant / Takeout Restaurant

    Property Details for 607 Market St

    Year built
    1955
    Lot size
    0.75 lot acres
    Property size
    8,955 SF
    Zone code
    CS
    Property type
    Super regional malls
    APN
    0106 00020000
    APU
    10600020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5953
    Latitude
    39.9641
    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
    $22,148
    $182,110
    $449,280
    $631,390
    -
    $182,110
    $467,840
    $649,950

    Comparable in this City

    • Value Estimation
      $1,505,000
      41,448 SF

      1115 Chester Pike

      REGIONAL SHOPPING CENTER, MALL • 41,448 SF
      1115 Chester Pike, West Chester, PA 19382-5065
      View Details
    • Value Estimation
      $2,055,000
      67,215 SF

      1371 Dilworthtown Xing

      REGIONAL SHOPPING CENTER, MALL • 67,215 SF
      1371 Dilworthtown Xing, West Chester, PA 19382-8266
      View Details
    • Value Estimation
      $19,385,000
      66,466 SF

      1502 Chester Pike Ste, Unit 26

      REGIONAL SHOPPING CENTER, MALL • 66,466 SF
      1502 Chester Pike Ste, West Chester, PA 19382-7705
      View Details
    • Value Estimation by Request
      4,270 SF

      698 Market St

      REGIONAL SHOPPING CENTER, MALL • 4,270 SF
      698 Market St, West Chester, PA 19382-2700
      View Details
    • Value Estimation
      $1,765,000
      73,184 SF

      1163 Wilmington Pike

      REGIONAL SHOPPING CENTER, MALL • 73,184 SF
      1163 Wilmington Pike, West Chester, PA 19382
      View Details
    • Value Estimation
      $630,000
      20,754 SF

      1251 Chester Pike

      REGIONAL SHOPPING CENTER, MALL • 20,754 SF
      1251 Chester Pike, West Chester, PA 19382-5646
      View Details

    Similar Nearby for Sale

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      Smoothie Shop Business Opportunity

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      West Chester Pike Diner Opportunity

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      Bonchon Chicken Restaurant Franchise Opportunity

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      Townhouse with Wooded Views

      Well-maintained townhouse with four levels, garage, and finished basement.
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      West Chester Flex Building For Sale

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    Similar Nearby for Lease

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      2,550 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in high-traffic shopping center near West Chester.
      1353-1359 Wilmington Pike, West Chester, PA 19382
      View Details
    • Contact for pricing
      1,561 SF

      Established Shopping Center Space

      Community shopping center space available for lease.
      929 S High St, West Chester, PA 19382
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    • $3,500 /Mo

      Retail Space in West Chester

      Retail spaces available in regional shopping center off Route 202.
      10-66 E Street Rd, West Chester, PA 19382
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in West Chester

      Retail space available in grocery-anchored shopping center on Route 202.
      1363 Dilworthtown Rd, West Chester, PA 19382
      View Details
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      123,629 SF

      Dilworthtown Crossing Retail Spaces

      Grocery-anchored retail spaces available
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      View Details
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      Bradford Plaza: West Chester Retail

      West Chester retail space, ample parking.
      700 Downingtown Pike, West Chester, PA 19382
      View Details

    Property Visit Statistics

    • Visits by month
      14.9k
    • Visitors by month
      9.8k
    • Avg Time on site
      10 min
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    607 Market St
    West Chester, PA 19382-2703
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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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