End-Unit Professional Office
1600 Horizon Dr #122 & 123 Chalfont, PA 18914
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1600 Horizon Dr #122 & 123, Chalfont, PA, 18914
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For Sale
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End-unit office condo with three-sided windows, two private entrances, reception, seven offices, conference room, and two-zone HVAC.
Property Size2,500 SF
Price / SF$183.96
Days on Market5
Property Features for 1600 Horizon Dr #122 & 123
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agency
Iron Valley Real Estate - Doylestown
(215) 622-3580
Listed by
Tina Walsh-Wilson · License #RS228801
Source
Crexi
Added: Jul 17 Updated: Jul 20 at 2:45AM Checked: Jul 20 at 2:45AM
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 Iron Valley Real Estate - Doylestown
Investment Insights
Based on property information with market context.
Professional office condominium for sale in Highpoint Business Park, offered as an end-unit suite combining Units 122 and 123 into approximately 2,500± SF. The layout includes a reception area, seven private offices, a large conference room, two restrooms, and a generously sized storage room. The configuration also offers flexibility for a future owner to separate the space back into two individual units, subject to applicable approvals.
The suite features windows on three sides and includes two private entrances. Heating and cooling are provided by two-zone heating and central air conditioning.
Condominium association fees include common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal. The property is located just off County Line Road at the Montgomery and Bucks County border, with access to Routes 463, 309, 132, 202, and nearby Route 611. County Line Road carries approximately 18,900± vehicles per day.
The suite features windows on three sides and includes two private entrances. Heating and cooling are provided by two-zone heating and central air conditioning.
Condominium association fees include common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal. The property is located just off County Line Road at the Montgomery and Bucks County border, with access to Routes 463, 309, 132, 202, and nearby Route 611. County Line Road carries approximately 18,900± vehicles per day.
Key Highlights
- 2006‑built end‑unit office condo in Highpoint Business Park with approx. 2,500± SF (Units 122 & 123 combined).
- Floor plan includes reception area, seven private offices, large conference room, two restrooms, and a storage room.
- Three‑sided windows for natural light, plus two private entrances.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.1k | $26.04 |
| − Vacancy | −$12.7k | −$5.08 |
| EGI | $52.4k | $20.96 |
| − OpEx | −$13.1k | −$5.24 |
| NOI | $39.3k | $15.72 |
2,500 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$561.5K
$491.3K – $655.1K
NOI $39,304 @ 7.0% cap · market cap 8.55%
Second Best
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 7.52%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - End-unit office condo with three-sided windows, two private entrances, reception, seven offices, conference room, and two-zone HVAC.
Where is this office units located?
The property is located at 1600 Horizon Dr #122 & 123 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: 2006‑built end‑unit office condo in Highpoint Business Park with approx. 2,500± SF (Units 122 & 123 combined).; Floor plan includes reception area, seven private offices, large conference room, two restrooms, and a storage room.; Three‑sided windows for natural light, plus two private entrances.
