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Property profile & analytics
FOR LEASE
Office buildings
905 Airport Rd West Chester, PA 19380
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-1247652
For Lease
1 / 4
$17,420,000
905 Airport Rd, West Chester, PA 19380
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
127,068 SF
Lot
13.2 ac (574,992 SF)
Zoning code
BP
APN
5303 00010200
UPID
US73-1247652
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
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.71M
Blend (final)
Blend
$17.42M
Owner & transaction history
905 Airport Road Realty II LLC · 9 yrs held
905 Airport Road Realty II LLC
since 2016
3 recorded transactions
Zoning & alternative use
BP · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,430,000
Current use
APARTMENT HOUSE (5+ UNITS)
$24,120,000
Change: -12% · Conversion: Easy
WAREHOUSE, STORAGE
$22,680,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$17.42M
Range $15.68M – $19.16M · ±10%
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
$137 / 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
$189,384
Tax year 2024
Assessed value
$6,590,170
Assessed 2024
Previous assessed
$6,590,170
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$876,000
Assessed improvement
$5,714,170
Land market value
$876,000
Improvement market value
$5,941,340
Total market value
$6,817,340
Applied tax rate
53.0000
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 Lease
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Total area
127,068 SF
Lot
13.2 ac (574,992 SF)
Zoning code
BP
APN
5303 00010200
UPID
US73-1247652
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
BP · West Chester, PA
Zoning BP · permitted uses
BP · 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
$27.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.1M
WAREHOUSE, STORAGE
Est. value
$22.7M
OFFICE BUILDING Current
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
1991
Heating
FORCED AIR
Cooling
Yes
Lot
13.2 ac
Current owner
From public records · entity-resolved
905 Airport Road Realty II LLC
Entity
Mailing address
575 PIERCE ST STE #507, KINGSTON, PA 18704-5700
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
—
1301 Wrights Lane Partners LP
—
Deed
related
$3,000,000 · Innovative Capital Advisors LLC
Sep 14, 2016
$10,345,268
905 Airport Road Realty II LLC
Airport Road Realty LP
Trustees Deed
$100,000,000 · Miscellaneous Ins Co
Oct 26, 2009
$11,750,000
905 Airport Road Realty LP
Liberty Property LP
Deed Of Trust
$8,800,000 · Malvern Fsb
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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