Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    101 PROGRESS Drive Doylestown, PA 18901

    View on Map
    Claim this Listing
    For Lease
    $2,150 /Mo

    CommercialLease - DOYLESTOWN, PA

    Type:Office
    Property size:
    1,205 SF
    Lot size:
    1.17 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    266
    Last Refresh:
    May 3 at 8:06 am

    Property Features for 101 PROGRESS Drive

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    50
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    1,205 SF
    Lot size
    1.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1967
    Number of units
    4
    Building materials
    Frame

    We can help!

    Listing Contact
    Chad B Blankenbiller
    Chad B Blankenbiller

    Listing agent Chad B Blankenbiller License #RS277047

    Listing office Keller Williams Real Estate-Doylestown 259 S Veterans Lane unit: 101, DOYLESTOWN, PA

    Listing date Aug 11, 2025

    MLS# PABU2102370

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Doylestown Medical/Office Space Available

    Available for lease is a 1,205 square foot medical/office space. The unit is located directly across West State Street from Doylestown Hospital. The lower level space is configured with an administrative reception area, a patient waiting area, three exam rooms equipped with sinks, an office/break room, and one ADA-compliant bathroom. A monument sign is available for all tenants at the intersection of West State Street and Progress Drive, providing visibility. The property offers ample parking and elevator access to all floors of the building. The property is situated on a 1.17-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Doylestown Veterinary Hospital & Holistic Pet Care — 380 N Shady Retreat Rd, Doylestown, PA 18901
    • Dr. David MacDonald DVM — 380 N Shady Retreat Rd, Doylestown, PA 18901

    Location Insight

    • Map
    • Local Demand
    City
    Doylestown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.1195
    Latitude
    40.3369

    Nearby Similar for Lease

    • $2,209/Mo

      Doylestown Professional Office Suites

      Professional office suites available for lease in Doylestown Borough.
      70 W OAKLAND Avenue, DOYLESTOWN, PA 18901
      View Details
    • $1,105/Mo

      Doylestown Office Suites For Lease

      Professional office suites in the heart of Doylestown Borough.
      70 W OAKLAND Avenue, DOYLESTOWN, PA 18901
      View Details
    • $2,100/Mo

      Doylestown Office Suite for Lease

      Professional office suite in the heart of Doylestown Borough.
      70 W OAKLAND Avenue, DOYLESTOWN, PA 18901
      View Details
    • $440/Mo

      Doylestown Office Suites For Rent

      Professional office suites in the heart of Doylestown Borough.
      70 W OAKLAND Avenue, DOYLESTOWN, PA 18901
      View Details
    • $2,100/Mo

      Doylestown Office Space Available

      Class B office space near downtown Doylestown for lease.
      1456 FERRY Road, DOYLESTOWN, PA 18901
      View Details
    • $650/Mo

      Doylestown Office Space for Lease

      Prime Doylestown office spaces available in central location.
      111 N BROAD Street, DOYLESTOWN, PA 18901
      View Details
    • $1,850/Mo

      Prime Doylestown Office Space Available

      730 sq ft office with reception, kitchenette, and patio.
      100-UNIT 102 W BUTLER Avenue, DOYLESTOWN, PA 18901
      View Details
    • $1,550/Mo

      Doylestown Office Space For Lease

      Meticulously designed 700 sqft office space with high-end amenities.
      100-UNIT 108B W BUTLER Avenue, DOYLESTOWN, PA 18901
      View Details
    • $1,600/Mo

      Doylestown Executive Office Suites

      Newly built, customizable office suites with all-inclusive pricing.
      4259 W SWAMP Road, DOYLESTOWN, PA 18902
      View Details
    • $4,268/Mo

      Doylestown Office Suites For Lease

      Office suites available from 1,067 SF to 2,313 SF.
      4259 W SWAMP Road, DOYLESTOWN, PA 18902
      View Details
    • $10,028/Mo

      Doylestown Office Suite For Lease

      5,348 SF office suite with expansive views available for lease.
      4259 W SWAMP Road, DOYLESTOWN, PA 18902
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical/office space for lease across from Doylestown Hospital.
    Where is this medical office space located?
    The property is located at 101 PROGRESS Drive Doylestown, PA.
    What is the lease rate?
    The lease rate is $2,150 /Mo.
    What are key features of this property?
    This property features: Located directly across from Doylestown Hospital.; Currently configured as medical office space with reception/waiting area, 3 exam rooms with sinks, office/break room, and ADA bathroom.; Elevator access to all floors.
    (215) 589-8080
    We can help!
    Listing Contact
    Chad B Blankenbiller
    Chad B Blankenbiller
    Real Estate License ID: RS277047
    Learn More
    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.
    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

    Thank You for Inquiry

    101 PROGRESS Drive, DOYLESTOWN, PA 18901

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!