Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    701 Crosby St Chester, PA 19013-6043

    • Office buildings
    • 55,714 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $3,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1498049
    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

    • Delaware County Assistance Office / State Government Office
    • PA Career Link / State Government Office
    • Public Welfare Department / Social Service Agency / Charitable Organization
    • Council-Three Rivers American / Business Service Center / Employment Agency
    • Penna Board-Probation & Parole / Probation Office

    Property Details for 701 Crosby St

    Year built
    1984
    Lot size
    1.12 lot acres
    Property size
    55,714 SF
    Property type
    Office buildings
    APN
    49-04-00317-04
    APU
    49040031704

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,254,000
      Market price range: $1.37M - $4.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,420,000
      Current use
      WAREHOUSE, STORAGE
      $4,105,000
      Change: +20% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,880,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3583
    Latitude
    39.8522
    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
    $163,806
    $70,530
    $5,937,440
    $6,007,970
    -
    $0.00
    $0.00
    $6,007,970

    Comparable in this City

    • Value Estimation
      $1,240,000
      23,800 SF

      712 Welsh St, Unit 722

      OFFICE BUILDING • 23,800 SF
      712 Welsh St, Chester, PA 19013-4201
      View Details
    • Value Estimation
      $555,000
      20,398 SF

      10th Wood St

      OFFICE BUILDING • 20,398 SF
      10th Wood St, Chester, PA 19013
      View Details
    • Value Estimation
      $3,535,000
      62,144 SF

      3rd Wood St

      OFFICE BUILDING • 62,144 SF
      3rd Wood St, Chester, PA 19013
      View Details
    • Value Estimation by Request
      7,320 SF

      2619 2623rd W 9th St

      OFFICE BUILDING • 7,320 SF
      2619 2623rd W 9th St, Chester, PA 19013
      View Details
    • Value Estimation by Request
      1,850 SF

      235 Pennell St

      OFFICE BUILDING • 1,850 SF
      235 Pennell St, Chester, PA 19013
      View Details
    • Value Estimation by Request
      3,432 SF

      2200 Providence Ave

      OFFICE BUILDING • 3,432 SF
      2200 Providence Ave, Chester, PA 19013-5219
      View Details

    Similar Nearby for Sale

    • $2,420,000
      22,722 SF

      Sproul Street Commercial Building

      22,722 SF commercial building with drive-thru and high visibility.
      805 Sproul St, Chester, PA 19013
      View Details
    • $375,000

      Corner Office Building in Chester

      One-story office building on a corner lot, value-add opportunity.
      1453 Edgmont Ave, Chester, PA 19013
      View Details
    • $179,999
      0.07 Acres

      Commercial Building in High-Traffic Area

      Commercial building in Chester/Upland Borough, suitable for various business opportunities.
      501 W 22Nd St, Chester, PA 19013
      View Details
    • $179,999
      1,600 SF

      Chester Office Building: Prime Location

      High-traffic area, ample parking, versatile space.
      501 22Nd St, Chester, PA 19013
      View Details
    • Contact for pricing
      0.08 Acres

      Chester Industrial Lot Lease

      Secure Outdoor Space, Flexible Lease
      409 Wilson St, Chester, PA 19013
      View Details
    • Contact for pricing
      0.07 Acres

      Spacious Chester Garage - Great Storage!

      Ample garage space, plus driveway parking. Ideal storage solution.
      336 9Th St, Chester, PA 19013
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Chester, PA Industrial Land for Lease

      2.63-acre lot, ideal for commercial use.
      0 Keystone Rd, Chester, PA 19013
      View Details
    • Contact for pricing
      6,000 SF

      Prime Chester Retail Space

      6,000 SF Storefront Available Now
      609 Avenue Of The States, Chester, PA 19013
      View Details
    • $1,300 /Mo
      1,125 SF

      Retail/Office Space on PA-352

      Retail/office space with high traffic and dense population.
      2521-2525 Edgmont Ave, Chester, PA 19013
      View Details
    • $12 SF/Yr
      3,600 SF

      Chester Industrial Yard For Lease

      Secure Outdoor Space, Excellent Location
      409-411 Wilson St, Chester, PA 19013
      View Details
    • Contact for pricing
      15,180 SF

      Woodlyn Plaza Retail Space Available

      Prime Woodlyn retail space, multiple suites.
      1936 Macdade Blvd, Woodlyn, PA 19013
      View Details
    • Contact for pricing
      9,000 SF

      Prime Delaware County Storefront

      9,000 SF Retail Space Available
      614 Avenue Of The States, Chester, PA 19013
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Crosby St
    Chester, PA 19013-6043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.