Two-Story Office
For Sale
Contact for pricing
600 Louis Dr, Warminster, PA 18974
Corner office unit in a C-1 Commercial District with flexible two-story functionality.
Property Size4,185 SF
Price / SF$176.80
Days on Market9
Property Features for 600 Louis Dr
General Information
Standard status
Active
Size
4,185 SF
Property subtype
OFFICE
Listing Agency:
SVN | Ahia
(267) 981-9110
Listed By:
Chichi E. Ahia, SIOR · License #RS293807
(267) 981-9110
Source:
Moodyscre
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 10:32AM
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 SVN | Ahia
Investment Insights
Based on property information with market context.
This 4,185 SF professional office condominium is configured across two stories and occupies a corner position within the Warminster Atrium office park. The property is suited to office users seeking a defined condominium unit in a campus-style setting.
Shared site features include a central atrium, outdoor seating, and landscaped grounds. The property is located at 600 Louis Dr in Warminster, Pennsylvania, with accessibility and nearby amenities noted as part of the surrounding office park environment. C-1 Commercial District zoning provides abundant permitted uses by right.
Shared site features include a central atrium, outdoor seating, and landscaped grounds. The property is located at 600 Louis Dr in Warminster, Pennsylvania, with accessibility and nearby amenities noted as part of the surrounding office park environment. C-1 Commercial District zoning provides abundant permitted uses by right.
Key Highlights
- 4,185 SF professional office condominium
- Functional two‑story configuration
- Corner unit within Warminster Atrium office park
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
$65,795
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
8.89%
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%
$1,315,900
$1.3M
Cap Rate 7%
$939,929
$939.9K
Cap Rate 9%
$731,056
$731.1K
Market Conditions
NOI Build-Up for 4,185 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
$109.0K $26.04/SF
− Vacancy
−$21.3K −$5.08/SF
EGI
$87.7K $20.96/SF
− OpEx
−$21.9K −$5.24/SF
NOI
$65.8K $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%
$1,315,900
Cap Rate 7%
$939,929
Cap Rate 9%
$731,056
Alternative Uses
Best Use
Office B
$939.9K
$822.4K – $1.10M
NOI $65,795 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,819 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 18974, PA
42,507
Population
17,970
Households
2.4
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
2,158
Density / Sq Mi
$99,724
Median Household Income
$57,726
Median Earnings
$1,634
Median Rent
$407,300
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 - Corner office unit in a C-1 Commercial District with flexible two-story functionality.
Where is this office units located?
The property is located at 600 Louis Dr Warminster, PA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 4,185 SF professional office condominium; Functional two‑story configuration; Corner unit within Warminster Atrium office park
