Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land Near State Route Title is generated by Realmo AI

    134 Mill Road, Quakertown, PA 18951

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8-acre commercial land parcel near State Route 309.

    Type:OFC
    Lot size:
    8.00 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    642
    Last Refresh:
    Apr 3 at 5:03 am

    Property Features for 134 Mill Road

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres
    Property subtype
    OFC

    We can help!

    Listing Contact
    Craig Fernsler

    Listing agent Craig Fernsler License #RS188696L, Pennsylvania

    Listing office KW Commercial | Blue Bell

    Listing date Aug 23, 2024

    Source Realnex

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Blue Bell

    HighLights

    • Prime commercial development opportunity with 8 acres of clear, flat land.
    • Excellent location yards from State Route 309 in Quakertown Borough.
    • Public water, sewer, and natural gas readily available.
    • Highway Commercial zoning allows for a multitude of permitted uses by right.
    • High demographics and consumer spending in the area.
    • Located in a high‑traffic corridor within Quakertown Borough and Richland Township.

    Overview

    This commercial development opportunity features approximately 8 acres of clear and flat land located near State Route 309 in Quakertown Borough, Bucks County, PA. The property is zoned Highway Commercial, permitting a multitude of uses by right, including professional or medical offices, retail centers, recreational sites, auto-related businesses, restaurants, and health clubs. Public water, sewer, and natural gas are available. The location in Quakertown Borough and Richland Township is within a high-traffic corridor. Market reports indicate high demographics and consumer spending, particularly in the food and auto-related sectors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vision Care Specialists Physician Daniel T. Walker, ... Physician Marta Zubillaga Zubillaga-Anders Physician Michael E Orlic Real Estate Agency John Heath & Co Insurance Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Quakertown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.359261
    Latitude
    40.436232

    Nearby Similar for Sale

    • $750,000

      Commercial Building in Quakertown, PA

      Fully occupied commercial building with established tenants in Quakertown.
      227, 229, 231 W BROAD Street, QUAKERTOWN, PA 18951
      View Details
    • $375,000

      Quakertown Land with Development Potential

      Five lots zoned for high-density residential use in Quakertown.
      PARK Avenue, QUAKERTOWN, PA 18951
      View Details
    • $649,900
      4,285 SF

      Triplex with Expansion Potential

      Triplex in Quakertown with potential for a fourth unit.
      496 COVERED BRIDGE Road, QUAKERTOWN, PA 18951
      View Details
    • $375,000
      2,018 SF

      Residential Lots with Garage in Quakertown

      Five residential lots with a garage in Quakertown, PA.
      PARK Avenue, QUAKERTOWN, PA 18951
      View Details
    • $650,000

      Prime 5.5-Acre Corner Parcel

      5.5-acre corner parcel with subdivision potential and mixed-use flexibility.
      OLD BETHLEHEM Road, QUAKERTOWN, PA 18951
      View Details
    • $890,000
      3,212 SF

      Commercial Property on Route 309

      1.6-acre commercial property with existing structures and billboard income.
      640 S West End Blvd, QUAKERTOWN, PA 18951
      View Details
    • $700,000

      15 Acres of Land in Quakertown

      15-acre land parcel in Richland Township, Quakertown, PA.
      W PALETOWN Road, QUAKERTOWN, PA 18951
      View Details
    • $1,100,000
      2,573 SF

      Historic Mixed-Use Property in Quakertown

      Landmark mixed-use property with versatile floorplan and off-street parking.
      1434 W Broad, Quakertown Boro, PA 18951
      View Details
    • $750,000
      3,760 SF

      Quakertown Commercial Property For Sale

      Fully occupied commercial property in the heart of Quakertown.
      227 W Broad, Quakertown Boro, PA 18951
      View Details
    • $1,100,000

      Historic Mixed-Use Property in Quakertown

      Landmark mixed-use property with flexible floorplan and off-street parking.
      1434 W Broad St, QUAKERTOWN, PA 18951
      View Details
    • $115,000

      Residential Lot in Quakertown, PA

      2.546-acre residential vacant lot in Milford Township.
      1600 WEISEL Road, QUAKERTOWN, PA 18951
      View Details
    • $1,150,000

      Prime Commercial Development Opportunity

      5.25 acres for development with flexible zoning.
      1400 West End, Richland Twp, PA 18951
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8-acre commercial land parcel near State Route 309.
    Where is this commercial land located?
    The property is located at 134 Mill Road Quakertown, PA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime commercial development opportunity with 8 acres of clear, flat land.; Excellent location yards from State Route 309 in Quakertown Borough.; Public water, sewer, and natural gas readily available.
    (215) 816-5835
    We can help!
    Listing Contact
    Craig Fernsler
    Real Estate License ID: RS188696L, Pennsylvania
    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
    134 Mill Road, Quakertown, PA 18951
    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!