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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Office Spaces
900 Airport Rd Ste 3 West Chester, PA 19380-3416
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0068396
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2003
Total area
11,172 SF
Lot
0.26 ac (11,184 SF)
Zoning code
R3
APN
5203 04540000
UPID
US73-0068396
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.00M
CAP Approach
CAP
$2.88M
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$3.00M
Owner & transaction history
Ar 900 LLC · 2 yrs held
Ar 900 LLC
since 2024
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
R3 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+54.5%
Commercial (general)
$3.3M
+37.9%
Restaurant
$3.2M
+34.0%
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 West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester 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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
$3,125,000
6.5%
$2,880,000
7%
$2,675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,410,000
Current use
AUTO REPAIR, GARAGE
$3,725,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,325,000
Change: +38% · Conversion: Easy
RESTAURANT
$3,230,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,120,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$1,995,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (May 24 2024)
Last sale anchor
$3.00M
May 24 2024
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
$269 / 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
$22,515
Tax year 2024
Assessed value
$776,710
Assessed 2024
Previous assessed
$776,710
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$157,690
Assessed improvement
$619,020
Land market value
$157,690
Improvement market value
$619,020
Total market value
$776,710
Applied tax rate
52.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2003
Heating
YES
Cooling
CENTRAL
Total area
11,172 SF
Lot
0.26 ac (11,184 SF)
Zoning code
R3
APN
5203 04540000
UPID
US73-0068396
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R3 · West Chester, PA
Zoning R3 · permitted uses
R3 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2003
Heating
YES
Cooling
Yes
Lot
0.26 ac
Current owner
From public records · entity-resolved
Ar 900 LLC
Entity
Mailing address
108 W MAIN ST, NEWARK, DE 19711-3229
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
$3,000,000
Ar 900 LLC
Dprm 900 Airport Road LP
Deed
$2,250,000 · Wilmington Savings Fund Society Fsb
May 17, 2019
—
Dprm 900 Airport Road LP
—
Grant Deed
related
$2,280,000 · Prudential Bk
Sep 3, 2014
—
Dprm 900 Airport Road LP
—
Grant Deed
related
$1,435,000 · Valley Green Bk
May 4, 2007
$1,915,000
Dprm 900 Airport Road LP
900 Airport Road LP
Deed
$1,532,000 · Td Banknorth NA
—
—
Dprm 900 Airport Road LP
—
Deed Of Trust
related
$1,425,000 · Valley Green Bank
—
—
Dprm 900 Airport Road LP
—
Deed Of Trust
related
$700,000 · Valley Green 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.
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