End-Unit Office
For Sale
$459,900
1600 HORIZON Road, Chalfont, PA 18914
Commercial Sale, CHALFONT, PA
Property Size2,500 SF
Price / SF$183.96
Days on Market53
Property Features for 1600 HORIZON Road
General Information
Property type
Other
Property subtype
Office
Subdivision
NEW BRITAIN TWP
Elementary school district
CENTRAL BUCKS
Middle school district
CENTRAL BUCKS
High school district
CENTRAL BUCKS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
8168
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2006
Building materials
Dryvit
Listing Agency:
Iron Valley Real Estate Doylestown
(267) 703-5050
Listed By:
Zachary T. Rank · License #RS323894
(215) 622-3580
Added: Jul 27
Changed: Sep 6
Last Checked: Sep 17 at 4:06AM
MLS# PABU2127412
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office condominium combines units 122 and 123 into an approximately 2,500 SF end-unit suite. The layout includes a reception area, seven private offices, a conference room, two restrooms, and a storage room. Windows on three sides and two private entrances bring natural light and convenient access to the space. Two-zone heating and central air conditioning are also provided.
The property is in Highpoint Business Park, just off County Line Road near the Montgomery and Bucks County border. Access is available to Routes 463, 309, 152, 202, and nearby Route 611. County Line Road carries approximately 18,500 vehicles per day. Doylestown, Lehigh Valley, Philadelphia, Trenton, and West Chester are each within approximately a 45-minute drive.
The condominium association fee covers common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal. The suite is configured for professional and medical office applications.
The property is in Highpoint Business Park, just off County Line Road near the Montgomery and Bucks County border. Access is available to Routes 463, 309, 152, 202, and nearby Route 611. County Line Road carries approximately 18,500 vehicles per day. Doylestown, Lehigh Valley, Philadelphia, Trenton, and West Chester are each within approximately a 45-minute drive.
The condominium association fee covers common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal. The suite is configured for professional and medical office applications.
Key Highlights
- Approximately 2,500 +/- SF end‑unit office condominium combining units 122 and 123
- Seven private offices, reception area, conference room, two restrooms, and storage room
- Windows on three sides 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
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Current Use
Lease Details
1
Office units
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
Check the figures for this property
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 - Seven private offices and two entrances support a flexible professional workspace.
Where is this office units located?
The property is located at 1600 HORIZON Road 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: Approximately 2,500 +/- SF end‑unit office condominium combining units 122 and 123; Seven private offices, reception area, conference room, two restrooms, and storage room; Windows on three sides plus two private entrances
