Building Details

Year Built 2012

Tenancy Single

Owner Occupied No

Listing Agency: Keller Williams Real Estate-Montgomeryville k***@kw.com Show Phone

Listed By: Joshua Wernick · License #RS379021 Show Phone

Source: Cummingsrealtors

Added: Oct 2 Changed: Oct 13 Last Checked: Oct 12 at 7:13PM

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Investment Insights

Based on property information with market context.

The second-floor commercial condominium at 1105 Bethlehem Pike is configured for medical and professional use. Built in 2012, the suite is offered under an NNN lease structure. The tenant pays real estate taxes, association fees, utilities, and interior maintenance and repairs; the association oversees the roof, exterior walls, and common areas.

The lease runs through April 30, 2028, includes 2% annual rent escalations, and provides one 2-year renewal option. There is no purchase option or right of first refusal.

Key Highlights

• Second‑floor commercial condo configured for medical and professional use
• NNN lease runs through April 30, 2028, with 2% annual escalations
• One 2‑year renewal option; no purchase option or right of first refusal

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,445

Cap Rate

6.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$888,900 $888.9K

Cap Rate 7%

$634,929 $634.9K

Cap Rate 9%

$493,833 $493.8K

Market Conditions

NOI Build-Up for 2,827 SF

Gross rent

$73.6K $26.04/SF

− Vacancy

−$14.4K −$5.08/SF

EGI

$59.3K $20.96/SF

− OpEx

−$14.8K −$5.24/SF

NOI

$44.4K $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 Rate 5%

$888,900

Cap Rate 7%

$634,929

Cap Rate 9%

$493,833

Alternative Uses

Best Use

Office B

$634.9K

$555.6K – $740.8K (±1% cap)

NOI $44,445 @ 7.0% cap · market cap 6.84%

Second Best

Healthcare Medical

$558.7K

$488.9K – $651.9K (±1% cap)

NOI $39,111 @ 7.0% cap · market cap 6.02%

Theoretical Best

Office A

$857.1K

$750.0K – $1,000.0K (±1% cap)

NOI $59,998 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Dr. Vikram Verma, ... Physician Fresenius Kidney Care ... Medical Clinic Labcorp Medical Laboratory Sara Arn Registered General Nurse Michael Naunczek Medical Clinic

Suggested Use

Top Pick Dental Office Restaurant Real Estate Agency Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Explore this area Business Placement

Demographics for 18960, PA

13,561

Population

5,264

Households

2.6

Avg Household Size

44

Median Age

40%

College-Educated

96%

High-School Grad

19.1 sq mi

ZIP Area

710

Density / Sq Mi

$103,594

Median Household Income

$52,215

Median Earnings

$1,361

Median Rent

$373,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Second-floor suite configured for medical and professional use, with a lease that includes annual rent escalations.

Where is this nnn property located?

The property is located at 1105 BETHLEHEM PIKE #B1 Sellersville, PA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Second‑floor commercial condo configured for medical and professional use; NNN lease runs through April 30, 2028, with 2% annual escalations; One 2‑year renewal option; no purchase option or right of first refusal