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Property profile & analytics
FOR LEASE
Commercial real estate
929 S High St West Chester, PA 19382
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-2486562
For Lease
1 / 2
$5,650,000
929 S High St, West Chester, PA 19382
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Total area
25,124 SF
Lot
5.43 ac (236,444 SF)
Zoning code
R3
APN
5207 00160000
UPID
US73-2486562
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
-
Strut Construction Construction Company General Contractor
-
Colonial Village Meat Market Take-out & Catering Butcher
-
Sphere Data, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Country Bagel and Bakery (Bike/Boat/Book/etc) Store Bakery
-
Way Martial Arts Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.93M
Comparable Approach
Comparable
$6.05M
Blend (final)
Blend
$5.65M
Owner & transaction history
Parkway 929sh LLC · 10 yrs held
Parkway 929sh LLC
since 2016
6 recorded transactions
Zoning & alternative use
R3 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+20.0%
Office building
$7.1M
+2.2%
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%
$6,415,000
6.5%
$5,925,000
7%
$5,500,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,980,000
Current use
AUTO REPAIR, GARAGE
$8,380,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$7,135,000
Change: +2% · Conversion: Easy
RESTAURANT
$6,820,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$5.65M
Range $5.09M – $6.22M · ±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
$225 / 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
$68,700
Tax year 2024
Assessed value
$2,370,000
Assessed 2024
Previous assessed
$3,239,000
-26.8% YoY
Effective rate
2.90%
On assessed value
Assessed land
$978,880
Assessed improvement
$1,391,120
Land market value
$978,880
Improvement market value
$1,548,810
Total market value
$2,527,690
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
25,124 SF
Lot
5.43 ac (236,444 SF)
Zoning code
R3
APN
5207 00160000
UPID
US73-2486562
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
COMMERCIAL (GENERAL) Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$8.4M
OFFICE BUILDING
Est. value
$7.1M
RESTAURANT
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
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
1972
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
5.43 ac
Current owner
From public records · entity-resolved
Parkway 929sh LLC
Entity
Mailing address
200 OLD FRG LN STE #201, KENNETT SQUARE, PA 19348-1920
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
—
Parkway 929sh LLC
—
Deed
related
$6,200,000 · Wilmington Savings Fund Society Fsb
May 27, 2016
$8,675,000
Parkway 929sh LLC
Parkway Convenience Center LP
Deed
$6,865,000 · M & T Bank
Sep 22, 2011
—
Parkway Convenience Center LP
—
Deed Of Trust
related
$1,400,000 · Fulton Bank
Jun 30, 2006
—
Parkway Convenience Center
Ciccarone Norma E Trust
Grant Deed
—
Mar 13, 2006
—
Parkway Center
Ciccarone,john J
Grant Deed
related
—
—
—
Parkway Convenience Center LP
—
Deed Of Trust
related
$200,000 · Fulton 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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