Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Reeceville Rd Downingtown, PA 19335

    • Sports & entertainment properties
    • 10,040 SF
    • 56.52 lot acres
    OFF-MARKET
    Value Estimations
    $1,705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4319643
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for Reeceville Rd

    Year built
    2010
    Lot size
    56.52 lot acres
    Property size
    10,040 SF
    Zone code
    R3
    Property type
    Sports & entertainment properties
    APN
    3005 10870000
    APU
    300510870000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,531,000
      Market price range: $382k - $1.67M

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $1,895,000
      Current use
      AUTO REPAIR, GARAGE
      $2,145,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,905,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $1,865,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Downingtown
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.7808
    Latitude
    40.0264
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $39,837
    $239,330
    $833,320
    $1,072,650
    -
    $239,330
    $1,159,080
    $1,398,410

    Comparable in this City

    • Value Estimation
      $590,000
      4,188 SF

      607 Cricket Ln

      RECREATIONAL, ENTERTAINMENT • 4,188 SF
      607 Cricket Ln, Downingtown, PA 19335
      View Details
    • Value Estimation
      $655,000
      11,956 SF

      259 Church St

      RECREATIONAL, ENTERTAINMENT • 11,956 SF
      259 Church St, Downingtown, PA 19335-2814
      View Details
    • Value Estimation
      $895,000
      22,445 SF

      981 Lancaster Ave

      RECREATIONAL, ENTERTAINMENT • 22,445 SF
      981 Lancaster Ave, Downingtown, PA 19335-3328
      View Details
    • Value Estimation
      $1,320,000
      7,876 SF

      348 Boot Rd

      RECREATIONAL, ENTERTAINMENT • 7,876 SF
      348 Boot Rd, Downingtown, PA 19335-3404
      View Details
    • Value Estimation
      $1,315,000
      7,040 SF

      85 Country Clb Dr

      RECREATIONAL, ENTERTAINMENT • 7,040 SF
      85 Country Clb Dr, Downingtown, PA 19335-3060
      View Details
    • Value Estimation
      $550,000
      1,024 SF

      301 Crk Rd

      RECREATIONAL, ENTERTAINMENT • 1,024 SF
      301 Crk Rd, Downingtown, PA 19335-1428
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.03 Acres

      1150 Boot Rd, Downingtown, PA 19335

      Office Properties & Spaces • 0.03 Acres
      1150 Boot Rd, Downingtown, PA 19335
      View Details
    • $429,900
      3,000 SF

      Downingtown Mixed-Use Investment

      Prime location, high income potential.
      137 Lancaster Ave, Downingtown, PA 19335
      View Details
    • Contact for pricing

      Downingtown Retail Spaces Available

      Retail spaces available in Downingtown, Route 30 Bypass location.
      East Lancaster Ave, Downingtown, PA 19335
      View Details
    • $985,000
      Pending

      Downingtown Land Opportunity on Boot Road

      5.26 acre land parcel in Downingtown, PA for sale.
      1020 Boot Rd, Downingtown, PA 19335
      View Details
    • $350,000
      4.20 Acres

      Downingtown Land: Build Your Dream

      Serene, wooded 4.2-acre lot near Downingtown, PA. No builder tie-in.
      1418 Gallagherville Rd, Downingtown, PA 19335
      View Details
    • $499,900
      14.52 Acres

      Downingtown Land in Prime Location

      14.52 acres of raw land in Downingtown School District.
      1737 Shadyside Rd, Downingtown, PA 19335
      View Details

    Similar Nearby for Lease

    • $192 SF/Yr
      109,546 SF

      Downingtown Retail Space Available

      Prime Retail Space, 1,575 SF Available
      3923 Lincoln Hwy, Downingtown, PA 19335
      View Details
    • Contact for pricing
      605,918 SF

      Brandywine Square Retail Center

      Downingtown, PA: Prime Retail Space Available
      0 Us-30, Downingtown, PA 19335
      View Details
    • Contact for pricing

      Prime Commercial Space For Lease

      Office, retail, or restaurant space available in Downingtown, PA.
      180 Park Rd, Downingtown, PA 19335
      View Details
    • Contact for pricing
      17,130 SF

      New Flex Space For Rent

      17,130 SF flex space under construction with signalized access.
      415 Brandywine Ave, Downingtown, PA 19335
      View Details
    • Contact for pricing
      14,200 SF

      Downingtown Retail Space Available

      Prime Mixed-Use Retail in Downingtown, PA
      200 Riv Sta Blvd, Downingtown, PA 19335
      View Details
    • Contact for pricing
      68,000 SF

      Downingtown Medical Office Building

      68,000 SF Medical Office, PA
      322 And Boot Rd, Downingtown, PA 19335
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Reeceville Rd
    Downingtown, PA 19335
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.