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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
116 Butler Ave, Chalfont, PA 18914-3002
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1546706
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,659 SF
Lot
10.17 ac (443,005 SF)
Zoning code
CC
APN
07-008-010
UPID
US73-1546706
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
Current use
Occupant on record · Public records
-
R L Showalter & Associates Engineering Consultant
-
Ellen Faulkner PhD Physician Medical Clinic
-
Bucks County Psychotherapy Group Medical Clinic
-
Philly Hypnosis Alternative Medicine Practice
-
Chalfont New Britain Business Alliance Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$620k
Owner & transaction history
Robert L Showalter · 5 yrs held
Robert L Showalter
since 2020
7 recorded transactions
Zoning & alternative use
CC · Chalfont, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chalfont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chalfont 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
$965,000
Current use
RETAIL STORES
$925,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$133 / 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
$9,752
Tax year 2024
Assessed value
$54,460
Assessed 2024
Previous assessed
$54,460
+0.0% YoY
Effective rate
17.91%
On assessed value
Assessed land
$19,360
Assessed improvement
$35,100
Land market value
$265,204
Improvement market value
$480,820
Total market value
$746,024
Applied tax rate
7.0000
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 buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
18
Bathrooms
3
Total area
4,659 SF
Lot
10.17 ac (443,005 SF)
Zoning code
CC
APN
07-008-010
UPID
US73-1546706
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · Chalfont, PA
Zoning CC · permitted uses
CC · Chalfont, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chalfont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$965,000
RETAIL STORES
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
OFFICE BUILDING Current
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
1800
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
18
Bathrooms
3
Lot
10.17 ac
Current owner
From public records · entity-resolved
Robert L Showalter
Individual
Mailing address
116 E BUTLER AVE, CHALFONT, PA 18914-3002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
—
Robert L Showalter
—
Deed
related
$125,000 · Univest Bank & Trust Co
—
—
Showalter,robert L & Maryanne P
—
Loan Modification
related
$42,488 · Univest Bk & Tr Co
—
—
Robert L Showalter
—
Deed Of Trust
related
$50,000 · Union National Bank & Trust
—
—
Robert L Showalter
—
Deed Of Trust
related
$135,000 · Union National Bank & Trust
—
—
R L Showalter & Assoc INC
—
Deed Of Trust
related
$100,000 · Union Nat'l Bk & Tr Souderton
—
—
R L Showalter & Associates INC
—
Deed Of Trust
related
$28,610 · Union Nat'l Bk & Tr Souderton
—
—
R L Showalter & Associates In
—
Deed Of Trust
related
$84,972 · Univest National Bank & Tr Co
—
—
Robert L Showalter
—
Deed Of Trust
related
$315,000 · Union National Bank & Trust
—
—
Robert L Showalter
—
Deed Of Trust
related
$30,000 · Union National Bank & Trust
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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