Building Details

Units 4

Listing Agency: KPG Commercial Management

Listed By: Keith T Metzger · License #PA

Source: Crexi

Added: May 19 Changed: Aug 8 Last Checked: Aug 23 at 1:13PM

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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 KPG Commercial Management

Investment Insights

Based on property information with market context.

Located just off Route 202 with convenient access to Doylestown and Montgomeryville, these 1,000 SF office condos offer an opportunity for small business owners to own well-located space in the New Britain-Doylestown market. Each unit is configured for a small business owner and can be purchased individually or as a portfolio. The SC zoning allows for a range of medical, office, and service retail uses, making the property a fit for professional offices, medical users, wellness providers, consultants, and other service-based businesses. Town Center of New Britain is home to a mix of medical office, office, and retail businesses, with nearby retail amenities that make it a convenient place to establish and grow your business.

Key Highlights

• Convenient location off Route 202 with easy access to Doylestown and Montgomeryville.
• Opportunity for small business owners to own office space.
• SC zoning allows for a wide range of uses including medical, office, and service retail.

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

$15,722

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

8.06%

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%

$314,440 $314.4K

Cap Rate 7%

$224,600 $224.6K

Cap Rate 9%

$174,689 $174.7K

Market Conditions

NOI Build-Up for 1,000 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

$26.0K $26.04/SF

− Vacancy

−$5.1K −$5.08/SF

EGI

$21.0K $20.96/SF

− OpEx

−$5.2K −$5.24/SF

NOI

$15.7K $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%

$314,440

Cap Rate 7%

$224,600

Cap Rate 9%

$174,689

Alternative Uses

Best Use

Office B

$224.6K

$196.5K – $262.0K (±1% cap)

NOI $15,722 @ 7.0% cap · market cap 8.06%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$303.2K

$265.3K – $353.7K (±1% cap)

NOI $21,223 @ 7.0% cap · market cap 10.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Auto Parts Store Real Estate Agency Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

360

Businesses Nearby

Explore this area Business Placement

Demographics for 18901, PA

28,395

Population

11,431

Households

2.5

Avg Household Size

47

Median Age

58%

College-Educated

98%

High-School Grad

21.0 sq mi

ZIP Area

1,352

Density / Sq Mi

$115,425

Median Household Income

$54,548

Median Earnings

$1,890

Median Rent

$544,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office units - 1,000 SF office condos in New Britain-Doylestown market.

Where is this office units located?

The property is located at Town Center of New Britain New Britain, PA.

What is the asking price?

The asking price for this property is $195,000.

What are key features of this property?

This property features: Convenient location off Route 202 with easy access to Doylestown and Montgomeryville.; Opportunity for small business owners to own office space.; SC zoning allows for a wide range of uses including medical, office, and service retail.