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Property profile & analytics
OFF-MARKET
Estimated value
$10,305,000
Office buildings
1532 Park Ave Quakertown, PA 18951-1048
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5823036
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
25,218 SF
Lot
3.09 ac (134,731 SF)
Zoning code
HC
APN
35-004-461
UPID
US73-5823036
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
-
St. Luke's Heart & Vascular Center Physician
-
Kimberly G Smith, MD Physician
-
Moore Margaret DO Pediatrician Physician
-
Brandon B Martin, MD Physician
-
Diana Bast Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.33M
CAP Approach
CAP
$6.51M
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$10.31M
Owner & transaction history
Chf II Quakertown Mob LLC · 3 yrs held
Chf II Quakertown Mob LLC
since 2022
Last sale
$10.6M
7 recorded transactions
Zoning & alternative use
HC · Quakertown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
strict (LR). § 307 Medium Density Residential District (MR). § 308 High Density Residential District (HR). § 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, Mi…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
141.82 ac
Top alternative use upside
Restaurant
$8.2M
+56.6%
Apartment house (5+ units)
$6.9M
+31.9%
Medical building
$6.2M
+19.2%
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
$10,305,000
ML approach
$9,330,000
CAP Approach
CAP Return
Estimation
6%
$7,050,000
6.5%
$6,505,000
7%
$6,040,000
Alternative Use
Use
Estimation
RESTAURANT
$8,180,000
Change: +57% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,890,000
Change: +32% · Conversion: Easy
MEDICAL BUILDING
$6,225,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,035,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,860,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$10.31M
Range $9.27M – $11.34M · ±10% · vs last sale $10.63M (Nov 7 2022)
Last sale anchor
$10.63M
Nov 7 2022
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
$409 / 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
$119,664
Tax year 2024
Assessed value
$594,500
Assessed 2024
Previous assessed
$594,500
+0.0% YoY
Effective rate
20.13%
On assessed value
Assessed land
$61,860
Assessed improvement
$532,640
Land market value
$847,394
Improvement market value
$7,296,407
Total market value
$8,143,801
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
3
Total area
25,218 SF
Lot
3.09 ac (134,731 SF)
Zoning code
HC
APN
35-004-461
UPID
US73-5823036
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Quakertown, PAZoning HC · permitted uses
HC · Quakertown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
strict (LR). § 307 Medium Density Residential District (MR). § 308 High Density Residential District (HR). § 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. § 3
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
141.82 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.9M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
3.09 ac
Current owner
From public records · entity-resolved
Chf II Quakertown Mob LLC
Entity
Mailing address
PO BOX 149555, AUSTIN, TX 78714-0293
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Chf II Quakertown Mob LLC
—
Deed
related
$50,102,000 · First Citizens Bank & Trust Co
Nov 7, 2022
$10,625,000
Chf II Quakertown Mob LLC
Park Avenue Quakertown LP
Special Warranty Deed
$43,432,400 · Synovus Bank
Nov 2, 2016
—
Park Avenue Quakertown LP
—
Deed
related
$249,000 · Provident Bank
Apr 16, 2008
—
Park Avenue Quakertown
—
Grant Deed
related
$5,585,000 · Team Capital Bank
Jul 23, 2007
—
Y S Kim T T Te
Park Avenue Prof Building
Grant Deed
—
Jul 23, 2007
$2,500,000
Park Avenue Quakertown
Kim,y S
Grant Deed
$1,785,000 · Team Capital Bank
—
—
Park Avenue Quakertown LP
—
Deed Of Trust
related
$550,000 · Team Capital 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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