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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1532 Park Ave Quakertown, PA 18951-1048

    • Office buildings
    • 25,218 SF
    • 3.09 lot acres
    OFF-MARKET
    Last Sale
    Nov 07, 2022
    $10,625,000
    Value Estimations
    $9,710,000
    Show details
    Cap Rate Potential
    4.1%
    Office buildings
    Location Intelligence
    Property ID
    US73-5823036
    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.

    Current Use by Public Records

    • St. Luke's Heart & Vascular Center / Cardiologist
    • Kimberly G Smith, MD / Obstetrician-Gynecologist
    • Moore Margaret DO / Family Practice Physician
    • Brandon B Martin, MD / Obstetrician-Gynecologist
    • Diana Bast / Physician Assistant

    Property Details for 1532 Park Ave

    Year built
    2009
    Lot size
    3.09 lot acres
    Property size
    25,218 SF
    Zone code
    HC
    Property type
    Office buildings
    APN
    35-004-461
    APU
    35004461

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,672,000
      Market price range: $3.44M - $7.67M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $8,180,000
      APARTMENT HOUSE (5+ UNITS)
      $6,890,000
      MEDICAL BUILDING
      $6,225,000
      COMMERCIAL (GENERAL)
      $6,035,000
      AUTO REPAIR, GARAGE
      $5,860,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Quakertown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.3565
    Latitude
    40.4374
    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
    $119,664
    $61,860
    $532,640
    $594,500
    -
    $847,394
    $7,296,407
    $8,143,801

    Comparable in this City

    • Value Estimation
      $920,000
      4,690 SF

      1775 Wentz Rd

      OFFICE BUILDING • 4,690 SF
      1775 Wentz Rd, Quakertown, PA 18951-2116
      View Details
    • Value Estimation
      $2,365,000
      20,100 SF

      515 End Blvd

      OFFICE BUILDING • 20,100 SF
      515 End Blvd, Quakertown, PA 18951-1400
      View Details
    • Value Estimation
      $550,000
      2,669 SF

      120 End Blvd

      OFFICE BUILDING • 2,669 SF
      120 End Blvd, Quakertown, PA 18951-1141
      View Details
    • Value Estimation
      $1,205,000
      9,650 SF

      312 Broad St

      OFFICE BUILDING • 9,650 SF
      312 Broad St, Quakertown, PA 18951-1278
      View Details
    • Value Estimation
      $780,000
      5,504 SF

      1602 Broad St

      OFFICE BUILDING • 5,504 SF
      1602 Broad St, Quakertown, PA 18951-1040
      View Details
    • Value Estimation
      $630,000
      4,760 SF

      2239 Milford Sq Pike

      OFFICE BUILDING • 4,760 SF
      2239 Milford Sq Pike, Quakertown, PA 18951
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.61 Acres

      Quakertown Office Space: Prime Location

      Modern Office Suites, Ample Parking, Great Amenities
      127 5Th St, Quakertown, PA 18951
      View Details
    • Contact for pricing
      0.25 Acres

      Prime Quakertown Office Suite

      Spacious Office, Great Location, Parking
      1534 Broad St, Quakertown, PA 18951
      View Details
    • $725,000
      3,760 SF

      Quakertown Commercial 3-Unit Building

      Commercial building in Quakertown with established tenants and office space.
      227 W Broad St, Quakertown, PA 18951
      View Details
    • Contact for pricing
      1.61 Acres

      Quakertown Office Space - Atrium Center

      Prime Office Suite, Quakertown, PA
      127 5Th St, Quakertown, PA 18951
      View Details
    • $750,000
      0.09 Acres

      Quakertown Commercial Property for Sale

      Fully occupied commercial property in the heart of Quakertown.
      227 W Broad St, Quakertown, PA 18951
      View Details
    • $750,000
      5.51 Acres

      Prime 5.5-Acre Corner Parcel

      Subdivision potential and mixed-use flexibility in Haycock Township.
      Old Bethlehem Rd, Quakertown, PA 18951
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      46,400 SF

      Route 663 Business Center: Quakertown, PA

      Prime Flex/Warehouse Space Available
      2385 John Fries Hwy, Quakertown, PA 18951
      View Details
    • $3,800 /Mo
      54,014 SF

      Renovated Office Space in Quakertown

      Updated office suite with modern amenities, ready for immediate occupancy.
      515 S Blvd WEST, Quakertown, PA 18951
      View Details
    • $17 SF/Yr
      368,082 SF

      Quakertown Office Space for Lease

      Office space available in a high-traffic Quakertown commercial area.
      136 Mill Rd, Quakertown, PA 18951
      View Details
    • $1,600 /Mo

      Updated Corner Office in Quakertown

      Updated corner office space with natural light and immediate occupancy.
      127 S 5Th St, Quakertown, PA 18951
      View Details
    • $3,225 /Mo

      Professional Center Office/Medical Space

      First floor office/medical space in a professional center.
      127 S 5Th St, Quakertown, PA 18951
      View Details
    • $18 SF/Yr
      47,016 SF

      Class A Office Space Available

      7,840 SF office suite for lease in Milford Twp.
      1900 2Nd St, Quakertown, PA 18951
      View Details
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    1532 Park Ave
    Quakertown, PA 18951-1048
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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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