Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$21,670,000
Warehouses
931 Matlack St West Chester, PA 19382-5521
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0407762
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
147,560 SF
Lot
13.3 ac (579,348 SF)
Zoning code
I2
APN
5207 00310100
UPID
US73-0407762
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
-
ANRO Inc Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.22M
Comparable Approach
Comparable
$29.76M
Blend (final)
Blend
$21.67M
Owner & transaction history
Exeter 931 S Matlack LP · 5 yrs held
Exeter 931 S Matlack LP
since 2021
Last sale
$20.2M
7 recorded transactions
Zoning & alternative use
I2 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$28.0M
+6.4%
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%
$25,155,000
6.5%
$23,220,000
7%
$21,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,340,000
Current use
APARTMENT HOUSE (5+ UNITS)
$28,010,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$21.67M
Range $19.50M – $23.84M · ±10% · vs last sale $20.23M (Jul 7 2021)
Last sale anchor
$20.23M
Jul 7 2021
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
$147 / 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
$215,623
Tax year 2024
Assessed value
$7,438,500
Assessed 2024
Previous assessed
$7,438,500
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$879,000
Assessed improvement
$6,559,500
Land market value
$879,000
Improvement market value
$6,779,130
Total market value
$7,658,130
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
YES
Cooling
CENTRAL
Total area
147,560 SF
Lot
13.3 ac (579,348 SF)
Zoning code
I2
APN
5207 00310100
UPID
US73-0407762
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · West Chester, PA
Zoning I2 · permitted uses
I2 · 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
WAREHOUSE, STORAGE Current
Est. value
$26.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.0M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1968
Heating
YES
Cooling
Yes
Lot
13.3 ac
Current owner
From public records · entity-resolved
Exeter 931 S Matlack LP
Entity
Mailing address
931 S MATLACK ST, WEST CHESTER, PA 19382-5521
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Exeter 931 S Matlack LP
—
Deed
related
$112,567,999 · Everbank NA
Nov 12, 2021
—
Exeter 931 S Matlack LP
—
Deed
related
$12,171,123 · Metlife Real Estate Lending LLC
Jul 7, 2021
$20,225,000
Exeter 931 S Matlack LP
Eastern Matlack Partners LP
Special Warranty Deed
$12,171,123 · Metlife Real Estate Lending LLC
Jan 31, 2017
$16,200,000
Eastern Matlack Partners LP
Matlack West Chester LLC
Warranty Deed
$11,340 · Fulton Bank
Oct 17, 2007
—
Matlack West Chester LLC
—
Deed Of Trust
related
$5,750,000 · Sovereign Bank
Jul 2, 2007
$12,208,591
Matlack West Chester LLC
South Matlack Street Invtrs
Deed Of Trust
$12,500,000 · Sovereign Bank
Jun 22, 2006
$7,810,000
South Matlack Street Investors LP
Gamestop INC
Deed
$18,650,000 · Manufacturers & Traders Trust Co
Oct 24, 2005
—
Electronics Boutique Of America I
—
Deed Of Trust
related
$400,000,000 · Bank Of America
Jun 30, 2000
$6,700,000
Boutique America Electronic
Electornics Boutique INC
Grant Deed
related
—
—
—
Matlack West Chester LLC
—
Deed Of Trust
related
$10,000,000 · Sovereign 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 931 Matlack St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
