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

    842 Chester Pike West Chester, PA 19382-4865

    • Office buildings
    • 1,952 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2458763
    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

    • Nationwide Insurance: Herbert H Musgrove Iii / Insurance Agency
    • Farmers Insurance - M John Beardsley / Insurance Agency / Home Insurance Agency
    • Beardsley Agency / Insurance Agency
    • Farmers Insurance - John Walton / Insurance Agency / Auto Insurance Agency
    • Pedante and Company, Inc. / Accountant / Accounting Firm

    Property Details for 842 Chester Pike

    Year built
    1940
    Lot size
    0.06 lot acres
    Property size
    1,952 SF
    Zone code
    R3
    Property type
    Office buildings
    APN
    5205G00640100
    APU
    5205G00640100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5855
    Latitude
    39.9667
    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
    $3,129
    $53,100
    $54,850
    $107,950
    -
    $53,100
    $55,410
    $108,510

    Comparable in this City

    • Value Estimation
      $5,580,000
      25,207 SF

      2 Market St

      OFFICE BUILDING • 25,207 SF
      2 Market St, West Chester, PA 19382-3021
      View Details
    • Value Estimation
      $3,735,000
      15,900 SF

      17 Miner St

      OFFICE BUILDING • 15,900 SF
      17 Miner St, West Chester, PA 19382-3213
      View Details
    • Value Estimation
      $650,000
      4,315 SF

      29 High St

      OFFICE BUILDING • 4,315 SF
      29 High St, West Chester, PA 19382-3224
      View Details
    • Value Estimation by Request
      2,576 SF

      301 Market St

      OFFICE BUILDING • 2,576 SF
      301 Market St, West Chester, PA 19382-2804
      View Details
    • Value Estimation by Request
      1,543 SF

      130 Market St

      OFFICE BUILDING • 1,543 SF
      130 Market St, West Chester, PA 19382-3153
      View Details
    • Value Estimation
      $1,875,000
      12,449 SF

      812 Market St

      OFFICE BUILDING • 12,449 SF
      812 Market St, West Chester, PA 19382-4869
      View Details

    Similar Nearby for Sale

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      Two-Story Office Building Near 202

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      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 Building For Sale

      25,600 SF Flex Space, I-2 Zoning
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    • $200,000

      Smoothie Shop Business Opportunity

      Fully operational smoothie shop in West Chester, PA for sale.
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    Similar Nearby for Lease

    • $14 SF/Yr
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      West Chester Office Space Available

      Flexible office space for rent in West Chester, PA.
      893 S Matlack St, West Chester, PA 19382
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      Flex space with office and warehouse components available for lease.
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    • Contact for pricing
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      West Chester Pike Commercial Property

      Prime commercial property with high visibility and ample parking.
      1154 W Chester Pike, West Chester, PA 19382
      View Details
    • Contact for pricing
      2,560 SF

      West Chester Executive Office Space

      Modern Flex Office, 1280 SF Available
      207 Bolmar St, West Chester, PA 19382
      View Details
    • $24 SF/Yr
      1,234 SF

      Office Suites with Historical Finishes

      Two office suites available in elevator-serviced building with secured entry.
      239 East Market St, West Chester, PA 19382
      View Details
    • Contact for pricing
      9,610 SF

      West Chester Office Space Available

      Flexible office suites in a centrally located, three-story building.
      103 S High St, West Chester, PA 19382
      View Details
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    842 Chester Pike
    West Chester, PA 19382-4865
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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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