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$183.96
Days on Market44
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
(215) 622-3580
Listed By:
Tina Walsh-Wilson · License #RS228801
Source:
Crexi
Added: Jul 17
Changed: Aug 25
Last Checked: Aug 29 at 2:34AM
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.
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
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 authorities.
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
Questions? Ask Rey
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Frequently Asked Questions
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.
