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Property profile & analytics
FOR SALE
Office buildings
728 Springdale Dr Exton, PA 19341
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2726570
For Sale
1 / 10
$1,595,000
728 Springdale Dr, Exton, PA 19341
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Property summary
AI-generated overview
This exceptional two-story office building at 728 Springdale Drive, Exton, PA, offers 8,966 square feet of versatile workspace on a one-acre lot. Currently, 5,400 square feet is tenant-occupied, with an additional 3,200 square feet immediately available for owner-occupancy or lease. The property boasts a compelling 6.6% cap rate and a Net Operating Income (NOI) of $155,681. A pro forma analysis projects a 7% cap rate with a Pro Forma NOI of $163,115, presenting a strong investment opportunity. Situated on Business Route 30, the building enjoys high visibility and offers the potential for additional first-floor access points. Located within a Keystone Innovation Zone (KIZ), it qualifies for potential tax incentives. Excellent access to Routes 30, 202, 322, 100, and the Pennsylvania Turnpike ensures convenient commuting. Ample parking is provided with 45 on-site spaces, and low association fees minimize operational costs. This property's flexible layout, prime location, and modern infrastructure make it suitable for diverse business needs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
8,966 SF
Lot
1 ac (43,560 SF)
Zoning code
I1
APN
4106 01100000
UPID
US73-2726570
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
Current use
Occupant on record · Public records
-
Surfer Techologies Inc Corporate Office
-
Karen Newman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.60M
Owner & transaction history
Ss 728springdale Prop Investments L · 2 yrs held
Ss 728springdale Prop Investments L
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
I1 · Exton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+18.3%
Restaurant
$1.9M
+12.2%
Auto repair, garage
$1.9M
+10.8%
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 Exton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Exton 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
$1,790,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,730,000
Current use
COMMERCIAL (GENERAL)
$2,045,000
Change: +18% · Conversion: Easy
RESTAURANT
$1,940,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,915,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,700,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.50M (Aug 22 2023)
Last sale anchor
$1.50M
Aug 22 2023
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
$178 / 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
$14,291
Tax year 2024
Assessed value
$493,000
Assessed 2024
Previous assessed
$493,000
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$120,230
Assessed improvement
$372,770
Land market value
$120,230
Improvement market value
$380,750
Total market value
$500,980
Applied tax rate
41.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1984
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
8,966 SF
Lot
1 ac (43,560 SF)
Zoning code
I1
APN
4106 01100000
UPID
US73-2726570
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Exton, PA
Zoning I1 · permitted uses
I1 · Exton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Exton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
HEAT PUMP
Cooling
Yes
Lot
1 ac
Current owner
From public records · entity-resolved
Ss 728springdale Prop Investments L
Entity
Mailing address
510 DRAYTON WAY, GLEN MILLS, PA 19342-3111
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
$1,500,000
Ss 728springdale Prop Investments L
Black Rock Estates LLC
Deed
$1,104,000 · First National Bank Of Pennsylvania
Oct 28, 2021
$1,450,000
Black Rock Estates LLC
Jghb LLC
Deed
$1,160,000 · Citizens & Northern Bank
Sep 27, 2021
—
Jghb LLC
—
Deed
related
$65,000 · First Resource Bank
Nov 29, 2018
$900,000
Jghb LLC
Harry A Arena
Deed
$770,000 · First Resource Bank
—
—
Arena Of Strong Ptshp
—
Deed Of Trust
related
$2,000,000 · National Penn Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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