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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Warehouses
610 Strasburg Rd West Chester, PA 19382-1955
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-0791947
Property summary
AI-generated overview
This fully renovated 5,250-square-foot flex warehouse space in West Chester, Pennsylvania, is available for lease starting Summer 2024. Located at 610 W Strasburg Rd, this single-tenant property sits on a 0.59-acre lot and offers convenient access with one exterior loading dock and a 10' x 12' front drive-in garage door with an interior loading dock. The space features varying ceiling heights ranging from 10 to 12 feet on the first floor and ample parking with 10+ spaces in front. The property is zoned CS (Commercial Service District) in Chester County and benefits from public utilities. The asking rent is $13.00 per square foot, plus utilities. The location boasts high traffic counts, ranging from 6,418 to 10,459 cars daily, ensuring excellent visibility and accessibility for your business. This is an exceptional opportunity to secure a modern, well-maintained flex space in a prime West Chester location. The property is ready for immediate occupancy upon completion of renovations in Summer 2024.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
8,144 SF
Lot
0.59 ac (25,802 SF)
Zoning code
CS
APN
0108 02660000
UPID
US73-0791947
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$875k
Owner & transaction history
Pepper Medical Real Estate LP · 11 yrs held
Pepper Medical Real Estate LP
since 2014
3 recorded transactions
Zoning & alternative use
CS · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,455,000
Current use
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
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
$107 / 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
$8,769
Tax year 2024
Assessed value
$250,000
Assessed 2024
Previous assessed
$250,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$152,160
Assessed improvement
$97,840
Land market value
$152,160
Improvement market value
$100,560
Total market value
$252,720
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Heating
NONE
Cooling
NONE
Total area
8,144 SF
Lot
0.59 ac (25,802 SF)
Zoning code
CS
APN
0108 02660000
UPID
US73-0791947
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CS · West Chester, PA
Zoning 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
West Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
1958
Heating
NONE
Cooling
Yes
Lot
0.59 ac
Current owner
From public records · entity-resolved
Pepper Medical Real Estate LP
Entity
Mailing address
600 W STRASBURG RD, WEST CHESTER, PA 19382-1955
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Pepper Medical Real Estate LP
—
Deed
related
$1,450,000 · Fulton Bank NA
Oct 3, 2014
$975,000
Pepper Medical Real Estate LP
Byrnesco Ptshp
Grant Deed
$1,080,000 · Wells Fargo Bk
Sep 30, 2014
$432,500
Byrnesco Ptshp
Central & Wstn Chester Cnty In
Grant Deed
—
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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