Office Unit with Large
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1600 Horizon Drive Suite 112, Chalfont, PA 18914
Office suite in a C-3 commercial district with natural light and access via County Line Road.
Property Size4,193 SF
Price / SF$262.34
Days on Market11
Property Features for 1600 Horizon Drive Suite 112
General Information
Standard status
Active
Size
4,193 SF
Property subtype
Office
Zoning
C-3
Additional Details
Road Access
Yes
Listing Agency:
PG Commercial Real Estate Inc
Listed By:
Peggy Gallagher · License #RM051693B
Source:
Crexi
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 12 at 3:30AM
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 PG Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This 4,193 SF office condominium is located within Highpoint Business Campus and features large windows that bring natural light throughout the suite. The property is designated within New Britain Township’s C-3 Commercial District.
The office is positioned at 1600 Horizon Drive, Suite 112, in Chalfont, Pennsylvania. Access is available from County Line Road, with nearby connectivity to Route 202. The property is situated in New Britain Township near Highpoint in Bucks Montgomery County.
The office is positioned at 1600 Horizon Drive, Suite 112, in Chalfont, Pennsylvania. Access is available from County Line Road, with nearby connectivity to Route 202. The property is situated in New Britain Township near Highpoint in Bucks Montgomery County.
Key Highlights
- 4,193 SF office condominium
- Large windows provide natural light throughout the suite
- Located in Highpoint Business Campus
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
$65,921
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
5.99%
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%
$1,318,420
$1.3M
Cap Rate 7%
$941,729
$941.7K
Cap Rate 9%
$732,456
$732.5K
Market Conditions
NOI Build-Up for 4,193 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
$109.2K $26.04/SF
− Vacancy
−$21.3K −$5.08/SF
EGI
$87.9K $20.96/SF
− OpEx
−$22.0K −$5.24/SF
NOI
$65.9K $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%
$1,318,420
Cap Rate 7%
$941,729
Cap Rate 9%
$732,456
Alternative Uses
Best Use
Office B
$941.7K
$824.0K – $1.10M
NOI $65,921 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,989 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
740
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Office suite in a C-3 commercial district with natural light and access via County Line Road.
Where is this office units located?
The property is located at 1600 Horizon Drive Suite 112 Chalfont, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,193 SF office condominium; Large windows provide natural light throughout the suite; Located in Highpoint Business Campus
