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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
120 Penn Am Dr, Quakertown, PA 18951-2489
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US73-2693243
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
10,250 SF
Lot
2.29 ac (99,883 SF)
Zoning code
PI
APN
36-017-086
UPID
US73-2693243
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
-
Cowan Associates Inc Land Surveyor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.31M
Owner & transaction history
120 Penn Am Drive Realty Partn · 27 yrs held
120 Penn Am Drive Realty Partn
since 1999
7 recorded transactions
Zoning & alternative use
PI · Quakertown, 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 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
$2,125,000
Current use
RETAIL STORES
$2,030,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,855,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$128 / 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
$20,443
Tax year 2024
Assessed value
$95,880
Assessed 2024
Previous assessed
$95,880
+0.0% YoY
Effective rate
21.32%
On assessed value
Assessed land
$27,600
Assessed improvement
$68,280
Land market value
$378,081
Improvement market value
$935,338
Total market value
$1,313,419
Applied tax rate
36.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
CENTRAL
Cooling
YES
Stories
2
Units
1
Total area
10,250 SF
Lot
2.29 ac (99,883 SF)
Zoning code
PI
APN
36-017-086
UPID
US73-2693243
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PI · Quakertown, PA
Zoning PI · permitted uses
PI · Quakertown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Quakertown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
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
1977
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
2.29 ac
Current owner
From public records · entity-resolved
120 Penn Am Drive Realty Partn
Entity
Mailing address
120 PENN AM DR, QUAKERTOWN, PA 18951-2489
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
—
120 Penn Am Drive Realty Partnershi
—
Deed
related
$189,361 · Tood R Myers
May 12, 2017
—
120 Penn Am Drive Realty Partnershi
—
Deed
related
$150,000 · Onb Bank
Mar 17, 1999
—
120 Penn Am Drive Realty Partn
Leister,james R & Judith M
Grant Deed
related
—
—
—
120 Penn-am Drive Realty Ptshp
—
Deed Of Trust
related
$1,184,000 · Qnb Bank
—
—
120 Penn-am Drive Realty Ptshp
—
Deed Of Trust
related
$265,000 · Quakertown National Bank
—
—
120 Penn-am Drive Realty Ptshp
—
Deed Of Trust
related
$850,000 · Quakertown National Bank
—
—
120 Penn-am Drive Realty Ptshp
—
Deed Of Trust
related
$434,301 · Qnb Bank
—
—
120 Penn-am Drive Realty Ptshp
—
Deed Of Trust
related
$100,000 · Qnb Bank
—
—
120 Penn-am Drive Realty Ptshp
—
Deed Of Trust
related
$195,535 · Individual
—
—
James R Leister
—
Deed Of Trust
related
$201,000 · Quakertown National Bank
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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