End-Unit Professional Office
For Sale
$459,900
1600 HORIZON Drive, Chalfont, PA 18914
Commercial Sale - CHALFONT, PA
Property Size2,500 SF
Price / SF$183.96
Days on Market52
Property Features for 1600 HORIZON Drive
General Information
Property type
Other
Property subtype
Office
Parking
150
Parking features
Parking Lot
Interior features
Built-Ins
Appliances
Dishwasher, Stainless Steel Appliances
Elementary school district
CENTRAL BUCKS
Middle school district
CENTRAL BUCKS
High school district
CENTRAL BUCKS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
8168
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2006
Building materials
Dryvit
Listing Agency:
Iron Valley Real Estate Doylestown
(267) 703-5050
Listed By:
Zachary T. Rank · License #RS323894
(215) 622-3580
Added: Jul 9
Last Checked: Aug 29 at 4:06PM
MLS# PABU2126030
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.
Investment Insights
Based on property information with market context.
This end-unit professional office condominium combines Units 122 and 123 into one approximately 2,500+/- square foot suite. The layout includes a welcoming reception area, seven private offices, a large conference room, two restrooms, and a generously sized storage room. Windows on three sides bring natural light to the space, and the suite features two private entrances. For comfort, the unit offers two-zone heating and central air conditioning.
The property is located in Highpoint Business Park in Chalfont, Pennsylvania, just off County Line Road near the Montgomery and Bucks County border. It benefits from convenient access to Routes 463, 309, 152, 202, and nearby Route 611, with major employment centers reportedly within about a 45-minute drive. The listing also notes approximately 18,500+/- vehicles per day along County Line Road for visibility and accessibility.
Designed to support professional and medical workflows, the suite’s mix of reception, multiple offices, and a conference room fits well for practices and firms such as medical professionals, attorneys, accountants, architects, engineers, and other professional services. Condominium association fees are described as covering common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal, supporting a managed day-to-day environment for owners.
The property is located in Highpoint Business Park in Chalfont, Pennsylvania, just off County Line Road near the Montgomery and Bucks County border. It benefits from convenient access to Routes 463, 309, 152, 202, and nearby Route 611, with major employment centers reportedly within about a 45-minute drive. The listing also notes approximately 18,500+/- vehicles per day along County Line Road for visibility and accessibility.
Designed to support professional and medical workflows, the suite’s mix of reception, multiple offices, and a conference room fits well for practices and firms such as medical professionals, attorneys, accountants, architects, engineers, and other professional services. Condominium association fees are described as covering common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal, supporting a managed day-to-day environment for owners.
Key Highlights
- Approx. 2,500+/- SF end‑unit professional office suite combining Units 122 & 123 in Highpoint Business Park
- Floor plan includes reception area, seven private offices, large conference room, two restrooms, and storage room
- Windows on three sides plus two private entrances for additional natural light and access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$786,080
$786.1K
Cap Rate 7%
$561,486
$561.5K
Cap Rate 9%
$436,711
$436.7K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.1K $26.04/SF
− Vacancy
−$12.7K −$5.08/SF
EGI
$52.4K $20.96/SF
− OpEx
−$13.1K −$5.24/SF
NOI
$39.3K $15.72/SF
Area
Bucks County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$786,080
Cap Rate 7%
$561,486
Cap Rate 9%
$436,711
Alternative Uses
Best Use
Office B
$561.5K
$491.3K – $655.1K
NOI $39,304 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.0K
$663.2K – $884.3K
NOI $53,058 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 18914, PA
21,475
Population
7,900
Households
2.7
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,220
Density / Sq Mi
$148,286
Median Household Income
$67,169
Median Earnings
$1,991
Median Rent
$477,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Bright end-unit office suite with reception, seven offices, conference room, and two entrances within a managed business park.
Where is this office units located?
The property is located at 1600 HORIZON Drive Chalfont, PA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Approx. 2,500+/- SF end‑unit professional office suite combining Units 122 & 123 in Highpoint Business Park; Floor plan includes reception area, seven private offices, large conference room, two restrooms, and storage room; Windows on three sides plus two private entrances for additional natural light and access
