End-Unit Office Condominium with Two
For Sale
$459,900
1600 HORIZON Road, Chalfont, PA 18914
Commercial Sale - CHALFONT, PA
Property Size2,500 SF
Price / SF$183.96
Days on Market15
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:
Tina M Walsh-Wilson · License #RS228801
(215) 669-0439
Added: Jul 27
Last Checked: Aug 10 at 7:06AM
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.
Professional end-unit office condominium for sale at Highpoint Business Park in Chalfont, Pennsylvania. The suite combines units 122 and 123 into one space of approximately 2,500 +/- SF and is designed with a welcoming reception area, seven private offices, a large conference room, two restrooms, and a generously sized storage room. With windows on three sides and two private entrances, the layout is intended to provide a bright work environment with flexible access.
The office includes 2-zone heating and central air conditioning. The building is approximately in 2006 vintage construction, with Dryvit construction materials. Condominium association fees include common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal.
Conveniently located just off County Line Road at the Montgomery and Bucks County border, the property offers access to Routes 463, 309, 152, 202, and nearby route 611. County Line Road also has approximately 18,500 +/- vehicles per day for visibility and accessibility.
The office includes 2-zone heating and central air conditioning. The building is approximately in 2006 vintage construction, with Dryvit construction materials. Condominium association fees include common area maintenance, building insurance, water, roof maintenance, fire protection, trash removal, pest control, landscaping, and snow removal.
Conveniently located just off County Line Road at the Montgomery and Bucks County border, the property offers access to Routes 463, 309, 152, 202, and nearby route 611. County Line Road also has approximately 18,500 +/- vehicles per day for visibility and accessibility.
Key Highlights
- Approximately 2,500 +/- SF end‑unit suite combining units 122 and 123
- Windows on three sides plus two private entrances
- Reception, seven private offices, and a large conference room
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
Property Profile
Current Use
Lease Details
1
Office units
Yes
Paved road access
Yes
Utilities to site
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 windows on three sides, reception, seven offices, and a large conference room.
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 suite combining units 122 and 123; Windows on three sides plus two private entrances; Reception, seven private offices, and a large conference room
