End-Unit Professional Office
For Sale
Contact for pricing
1600 Horizon Dr #122 & 123, Chalfont, PA 18914
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$179.96
Days on Market99
Property Features for 1600 Horizon Dr #122 & 123
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
150
Property subtype
Office
Zoning
Light Industrial
Investment Type
Owner/User
Additional Details
Traffic Count
18,900 vehicles/day
Building Details
Year Built
2006
Units
2
Listing Agency:
Iron Valley Real Estate - Doylestown
Listed By:
Zachary Rank · License #PA RB069159
(215) 622-3580
Source:
Crexi
Added: Jul 17
Changed: Oct 7
Last Checked: Oct 20 at 5:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,304
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
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
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 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 8.74%
Second Best
Healthcare Medical
$494.1K
$432.3K – $576.5K
NOI $34,587 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$758.0K
$663.2K – $884.3K
NOI $53,058 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
396
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
Frequently Asked Questions
What type of property is this?
Office unit - End-unit office condo with three-sided windows, two private entrances, reception, seven offices, conference room, and two-zone HVAC.
Where is this office unit 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 $449,900.
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.
