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Property profile & analytics
OFF-MARKET Estimated value $895,000
Office buildings

930 Bondsville Rd Downingtown, PA 19335-1933

7,714 SF 10.34 ac lot Built 1784
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US73-1080213
Property summary
AI-generated overview

This unique office space, located within the historic Bondsville Mill in Downingtown, Pennsylvania, offers 1700 square feet of versatile commercial space. Situated on the third floor of a three-story mill building, this unit boasts convenient walk-in access, eliminating the need for stairs. The space is ideal for a variety of businesses, particularly those seeking a character-filled setting with ample potential. Imagine a yoga studio, an artisanal workshop, or a creative office space thriving in this renovated mill. The property includes a handicap-accessible bathroom, a significant advantage for accessibility needs. The Bondsville Mill is currently undergoing final completion stages. This prime location offers easy access to Route 30 bypass, ensuring convenient commuting for employees and clients. Ample parking is available on-site. A significant benefit is the absence of CAM fees, allowing for predictable and manageable operating costs. The property sits on a 10.34-acre lot, providing ample space and potential for future expansion or outdoor amenities. This is a rare opportunity to secure a distinctive and well-located office space in a historic setting.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1784
Total area 7,714 SF
Lot 10.34 ac (450,541 SF)
Zoning code R2
APN 3901 01060000
UPID US73-1080213
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
  • Resource for human development Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$977k
Blend (final) Blend
$895k
Owner & transaction history
Gary L Northeimer · 7 yrs held
Gary L Northeimer
since 2018
4 recorded transactions
2018
$144,850
2014
$212,500
2014
$85,715
2011
$119,900
Zoning & alternative use
R2 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.5M +2.1%
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