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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,803,900
6.5%
$2,588,220
7%
$2,403,350
Comparable approach
Method
Valuation
Relative Method
$1,230,050
Geo Method
$1,171,500
Alternative Use
Use
Valuation
Industrial / Distribution
$5,008,640
Retail / Commercial
$2,585,430
Mixed-Use / Specialty
$2,589,630
Hospitality / Lodging
$1,917,400
Institutional / Educational
$2,696,970
Residential Income
$3,155,450
Multifamily
$3,710,100
Automotive / Energy
$2,311,690
Parking / Income-Based Land
$784,480
Restaurant / Food Service
$1,375,520
Healthcare / Senior Housing
$2,641,860
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
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Springdale Dr Exton, PA 19341
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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