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    1500 Mnr Dr Chalfont, PA 18914-2241
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    Property profile & analytics

    1500 Mnr Dr, Chalfont, PA 18914-2241

    View on Map
    • Garden apartment buildings
    • 8,250 SF
    • 14.88 lot acres
    Off-Market
    Property ID
    US73-4137861
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SemaConnect Charging Station / Electric Vehicle Charging Station
    • Blink Charging Station / Electric Vehicle Charging Station
    • Madison New Britain / Apartment Complex / Apartment Building

    Property Details for 1500 Mnr Dr

    Year built
    2013
    Lot size
    14.88 lot acres
    Zone code
    C3
    Property type
    Garden apartment buildings
    APN
    26-005-049-003
    APU
    26005049003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2011 — New Britain Multi-family Dev L New Britain Land LP Quit Claim Deed · related —
    Dec 29, 2011 $2,250,000 New Britain Land LP New Britain Corp Center Busn C Grant Deed —
    Jan 3, 2007 $3,465,000 Britain New D C New Britain Land Grant Deed · related $14.4M · Sovereign Bank
    Jan 16, 2004 $3,000,000 New Britain Land LP New Britain Corporate Ctr LP Grant Deed · related —
    — — New Britain Multi-family Dev L — Deed Of Trust · related $24.6M · Capital One

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $635,000
      Market price range: $250k - $635k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chalfont
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.221
    Latitude
    40.2636
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $419,039
    $160,660
    $2,257,200
    $2,417,860
    -
    $2,200,812
    $30,920,412
    $33,121,224

    Comparable in this City

    • Value Estimation
      $4,215,000
      24,195 SF

      131 Main St

      GARDEN APT, COURT APT (5+ UNITS)
      131 Main St, Chalfont, PA 18914-2903
      View Details
    • Value Estimation
      $690,000
      6,698 SF

      12 Main St

      GARDEN APT, COURT APT (5+ UNITS)
      12 Main St, Chalfont, PA 18914-2932
      View Details
    • Value Estimation
      $1,530,000
      11,316 SF

      101 Vlg Way

      GARDEN APT, COURT APT (5+ UNITS)
      101 Vlg Way, Chalfont, PA 18914-1840
      View Details
    • Value Estimation
      $1,530,000
      11,316 SF

      200 Vlg Way

      GARDEN APT, COURT APT (5+ UNITS)
      200 Vlg Way, Chalfont, PA 18914-1841
      View Details
    • Value Estimation
      $1,065,000
      10,000 SF

      Highlands Dr

      GARDEN APT, COURT APT (5+ UNITS)
      Highlands Dr, Chalfont, PA 18914
      View Details
    • Value Estimation
      $535,000
      2,912 SF

      181 Park Ave

      APARTMENT HOUSE (5+ UNITS)
      181 Park Ave, Chalfont, PA 18914-2956
      View Details

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      Executive Office Space For Sale

      Executive office space available in High Point Business Campus.
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      Vacant land parcel in Chalfont Borough for sale.
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      Executive office space in High Point Business Campus available for sale.
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    Similar Nearby for Lease

    • $1,650 /Mo

      Retail Space in Prime Location

      Commercial space available for lease in Chalfont, Pennsylvania.
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    • Contact for pricing
      3,650 SF

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      Retail space available for sublease in Chalfont, Pennsylvania.
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      Freestanding Commercial Space For Rent

      Highly visible commercial property suitable for various business types.
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      Retail Space Available For Rent

      3,030 SF retail space available for lease.
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    • Contact for pricing
      3,080 SF

      Retail Space Available For Lease

      Retail property with 2,057 square feet available for lease.
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      View Details
    • $15,000 /Mo

      Retail Space in Chalfont Village

      Premier retail spaces available in Chalfont Village Square.
      150 E Butler Ave, Chalfont, PA 18914
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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