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

    702 Chester Pike Sharon Hill, PA 19079-1405

    • Commercial real estate
    • 11,913 SF
    • 1.67 lot acres
    OFF-MARKET
    Value Estimations
    $1,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1482121
    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

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • Santander Bank ATM / Atm
    • CVS Pharmacy / Pharmacy
    • CVS / Pharmacy
    • MoneyGram / Bank / Credit Union

    Property Details for 702 Chester Pike

    Year built
    1998
    Lot size
    1.67 lot acres
    Property size
    11,913 SF
    Property type
    Commercial real estate
    APN
    41-00-00298-00
    APU
    41000029800

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,965,000
      6.5%
      $1,815,000
      7%
      $1,685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,816,000
      Market price range: $567k - $1.82M
      AI Estimate
      $1,270,000
      Market price range: $525k - $1.27M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,145,000
      Current use
      AUTO REPAIR, GARAGE
      $1,415,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $1,355,000
      Change: +18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sharon Hill
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2686
    Latitude
    39.9123
    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
    $68,844
    $345,540
    $1,654,540
    $2,000,080
    -
    $0.00
    $0.00
    $2,000,080

    Comparable in this City

    • Value Estimation by Request
      6,416 SF

      421 Sharon Ave, Unit 423

      COMMERCIAL (GENERAL) • 6,416 SF
      421 Sharon Ave, Sharon Hill, PA 19079-1612
      View Details
    • Value Estimation by Request
      3,172 SF

      1331 Chester Pike

      COMMERCIAL (GENERAL) • 3,172 SF
      1331 Chester Pike, Sharon Hill, PA 19079-2102
      View Details
    • Value Estimation by Request
      3,168 SF

      1004 Chester Pike

      COMMERCIAL (GENERAL) • 3,168 SF
      1004 Chester Pike, Sharon Hill, PA 19079-1913
      View Details
    • Value Estimation by Request
      1,026 SF

      1116 Hook Rd

      COMMERCIAL (GENERAL) • 1,026 SF
      1116 Hook Rd, Sharon Hill, PA 19079-2335
      View Details
    • Value Estimation by Request
      3,915 SF

      1122 Hook Rd

      COMMERCIAL (GENERAL) • 3,915 SF
      1122 Hook Rd, Sharon Hill, PA 19079-2335
      View Details
    • Value Estimation by Request
      3,291 SF

      1303 Chester Pike, Unit 1305

      COMMERCIAL (GENERAL) • 3,291 SF
      1303 Chester Pike, Sharon Hill, PA 19079-2101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      45,000 SF

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      90,152 SF

      Retail Space in Delaware County

      Retail space available in a densely populated area of Delaware County.
      1100 Chester Pike, Sharon Hill, PA 19079
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    • $95,000
      0.22 Acres

      Land For Sale, Sharon Hill

      Land available for sale in Sharon Hill, Pennsylvania.
      613 Sharon Ave, Sharon Hill, PA 19079
      View Details
    • $1,350,000

      Flex Building with Office Space

      15,000 SF flex building with warehouse and office space.
      801 Chester Pike, Sharon Hill, PA 19079
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    • $475,000
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      Turnkey Duplex in Sharon Hill

      Cash-flowing duplex with strong tenants and upside potential.
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      Move-in ready home with updated kitchen, spacious layout, and convenient location.
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    Similar Nearby for Lease

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      1,837 SF

      Retail Space on Chester Pike

      Vacant retail space available immediately on Chester Pike.
      1422 Chester Pike, Sharon Hill, PA 19079
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    • Contact for pricing
      7,530 SF

      Renovated Warehouse Space Near Philadelphia

      Recently renovated warehouse with highway access and loading docks.
      1033 Linden Ave, Sharon Hill, PA 19079
      View Details
    • $4 SF/Yr
      141,771 SF

      Curtis Park Warehouse Space Available

      Warehouse space available for lease in Curtis Park Industrial Complex.
      2000-2009 Elmwood Ave, Sharon Hill, PA 19079
      View Details
    • Contact for pricing
      90,152 SF

      Sharon Hill Retail Center Investment

      Prime Retail Space Available in PA
      1100 Chester Pike, Sharon Hill, PA 19079
      View Details
    • Contact for pricing
      4,719 SF

      Industrial Warehouse with Drive-In Doors

      4,719 SF industrial space with excellent transportation access.
      1530 Calcon Hook Rd, Sharon Hill, PA 19079
      View Details
    • $1,750 /Mo
      1,500 SF

      Warehouse Space in Sharon Hill

      Warehouse space available with drive-in doors, accessible location.
      1470 Linden Ave, Sharon Hill, PA 19079
      View Details
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    702 Chester Pike
    Sharon Hill, PA 19079-1405
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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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