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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office Spaces
101st E Ml St Ste L Quakertown, PA 18951-1324
Entity Owned
9-yr Hold
Free & Clear
Property ID
US73-1302936
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Total area
5,082 SF
Zoning code
LI
APN
35-005-077-00L
UPID
US73-1302936
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$715k
Owner & transaction history
Circle Drive Partners LP · 9 yrs held
Circle Drive Partners LP
since 2016
6 recorded transactions
Zoning & alternative use
LI · Quakertown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
). § 309 Town Center District (TC). § 310 Neighborhood Commercial District (NC). § 311 Highway Commercial District (HC). § 312 Office/Business District (OB). § 313 Hospital District (H). § 314 Light Industrial District (LI). § 314.1 Pedestrian-Oriented, Mixed-Use Overlay District. § 315 Use Regulations. § 316 Special Exception Uses. § 317 Conditional Uses. §…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
95.33 ac
Top alternative use upside
Auto repair, garage
$1.2M
+12.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Quakertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Quakertown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,050,000
Current use
AUTO REPAIR, GARAGE
$1,180,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,598
Tax year 2024
Assessed value
$52,650
Assessed 2024
Previous assessed
$52,650
+0.0% YoY
Effective rate
20.13%
On assessed value
Assessed improvement
$52,650
Improvement market value
$721,230
Total market value
$721,230
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
5,082 SF
Zoning code
LI
APN
35-005-077-00L
UPID
US73-1302936
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Quakertown, PAZoning LI · permitted uses
LI · Quakertown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
). § 309 Town Center District (TC). § 310 Neighborhood Commercial District (NC). § 311 Highway Commercial District (HC). § 312 Office/Business District (OB). § 313 Hospital District (H). § 314 Light Industrial District (LI). § 314.1 Pedestrian-Oriented, Mixed-Use Overlay District. § 315 Use Regulations. § 316 Special Exception Uses. § 317 Conditional Uses. § 318 Accessory Uses. § 319 Historic Preservation. § 320 Special Considerations for
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
95.33 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Circle Drive Partners LP
Entity
Free & Clear · 9 yrs held
Mailing address
2555 INDUSTRY LN, WEST NORRITON, PA 19403-3933
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2016
—
Circle Drive Partners LP
Bucks Cnty Economic Dev Corp
Quit Claim Deed
related
—
Sep 29, 2005
$470,000
Bucks County Economic Dev Corp
Mill Street Indl Assocs
Grant Deed
—
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$250,000 · Pennsylvania Ind'l Dev Auth
—
—
Drive Partners Circle
—
Deed Of Trust
related
$200,000 · Keystone Nazareth Bank & Trust
—
—
Drive Partners Circle
—
Deed Of Trust
related
$250,000 · Keystone Nazareth Bank & Trust
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$250,000 · Pennsylvania Ind'l Dev Auth
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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