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

    700 Nields St, Unit 1 West Chester, PA 19382-2128

    • Turn key restaurants
    • 4,000 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2020
    $858,000
    Value Estimations
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2996227
    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 700 Nields St

    Year built
    1927
    Lot size
    0.58 lot acres
    Property size
    4,000 SF
    Zone code
    R4
    Property type
    Turn key restaurants
    APN
    5105 01020300
    APU
    510501020300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,345,000
      ML approach
      $1,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,386,000
      Market price range: $729k - $1.45M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,085,000
      Current use
      AUTO REPAIR, GARAGE
      $1,335,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $1,135,000
      Change: +5% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,110,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.6107
    Latitude
    39.948
    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
    $9,639
    $74,560
    $257,960
    $332,520
    -
    $74,560
    $277,920
    $352,480

    Comparable in this City

    • Value Estimation
      $705,000
      8,262 SF

      1351 Wilmington Pike

      RESTAURANT • 8,262 SF
      1351 Wilmington Pike, West Chester, PA 19382-8276
      View Details
    • Value Estimation
      $1,160,000
      35,580 SF

      1103 Chester Pike

      RESTAURANT • 35,580 SF
      1103 Chester Pike, West Chester, PA 19382-5004
      View Details
    • Value Estimation
      $1,205,000
      4,500 SF

      1332 Chester Pikeb

      RESTAURANT • 4,500 SF
      1332 Chester Pikeb, West Chester, PA 19382-6524
      View Details
    • Value Estimation
      $395,000
      1,600 SF

      704 Nields St, Unit 2

      RESTAURANT • 1,600 SF
      704 Nields St, West Chester, PA 19382-4102
      View Details
    • Value Estimation
      $940,000
      24,665 SF

      515 Bolmar St

      RESTAURANT • 24,665 SF
      515 Bolmar St, West Chester, PA 19382-4934
      View Details
    • Value Estimation
      $445,000
      6,026 SF

      1147 Chester Pike

      RESTAURANT • 6,026 SF
      1147 Chester Pike, West Chester, PA 19382-5000
      View Details

    Similar Nearby for Sale

    • $2,989,000
      3,570 SF

      Turnkey Restaurant on Iconic Corner

      Fully operational restaurant in the center of town.
      29 N High St, West Chester, PA 19382
      View Details
    • $240,000
      1,900 SF

      Bonchon Chicken Restaurant Franchise Opportunity

      Thriving Bonchon Chicken franchise restaurant for sale in West Chester.
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      West Chester Pike Diner Opportunity

      Family-owned diner on 1.75 acres with high traffic.
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      View Details
    • $200,000

      Smoothie Shop Business Opportunity

      Fully operational smoothie shop in West Chester, PA for sale.
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      View Details
    • Contact for pricing
      27,971 SF

      Modern Office Building on Acres

      27,971 SF office building on 5.2 acres for sale.
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      West Chester Flex Unit For Sale

      2,850 SF flex unit in desirable industrial park.
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    Similar Nearby for Lease

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      4,500 SF

      Retail Pad Sites with Drive-Thru

      New construction retail pad sites with drive-thru, delivery Q4 2025.
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      View Details
    • Contact for pricing
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      Dilworthtown Crossing Retail Spaces

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

      West Chester retail space, ample parking.
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    • Contact for pricing
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      West Chester Retail Space Available

      High-traffic retail center, multiple units.
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      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in West Chester

      Retail space available in grocery-anchored shopping center on Route 202.
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      View Details
    • Contact for pricing
      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
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    West Chester, PA 19382-2128
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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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