728 Springdale DrExton, PA 19341

Property Details for 728 Springdale Dr

Year built

1984

Lot size

1.00 AC

Property size (Sq ft)

8,966 SF

Zone code

I1

Property type

Office properties

Property subtype

Office buildings

APN

4106 01100000

APU

410601100000

Description

This exceptional two-story office building at 728 Springdale Drive, Exton, PA, offers 8,966 square feet of versatile workspace on a one-acre lot. Currently, 5,400 square feet is tenant-occupied, with an additional 3,200 square feet immediately available for owner-occupancy or lease. The property boasts a compelling 6.6% cap rate and a Net Operating Income (NOI) of $155,681. A pro forma analysis projects a 7% cap rate with a Pro Forma NOI of $163,115, presenting a strong investment opportunity. Situated on Business Route 30, the building enjoys high visibility and offers the potential for additional first-floor access points. Located within a Keystone Innovation Zone (KIZ), it qualifies for potential tax incentives. Excellent access to Routes 30, 202, 322, 100, and the Pennsylvania Turnpike ensures convenient commuting. Ample parking is provided with 45 on-site spaces, and low association fees minimize operational costs. This property's flexible layout, prime location, and modern infrastructure make it suitable for diverse business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,474,034

  6.5%

  $2,283,723

  7%

  $2,120,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,230,051

  Geo Method

  $1,171,498

• Alternative Use

  Use

  Valuation

  Residential

  $2,831,817

  Hospitality

  $2,593,929

  Educational

  $2,158,118

  Medical

  $2,232,340

  Retail

  $3,357,073

Location Insight

City

Exton

County

Chester

State

Pennsylvania

Latitude

40.0298

Longitude

-75.6062

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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