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Property profile & analytics
OFF-MARKET
Estimated value
$6,720,000
Office buildings
1600 Mnr Dr, Chalfont, PA 18914-2278
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-0997915
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
50,522 SF
Lot
5.72 ac (249,250 SF)
Zoning code
C3
APN
26-005-049-008
UPID
US73-0997915
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
-
Control Point Associates, Inc. Land Surveyor
-
Whitestone Associates, Inc. Engineering Consultant
-
Blueberry, Marketing & Sensory Research Advertising Agency
-
Reckner (Philadelphia) Advertising Agency
-
Reckner Healthcare Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.07M
Blend (final)
Blend
$6.72M
Owner & transaction history
1600 Manor Drive LLC · 20 yrs held
1600 Manor Drive LLC
since 2005
5 recorded transactions
Zoning & alternative use
C3 · 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
$10,465,000
Current use
RETAIL STORES
$10,005,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,150,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.72M
Range $6.05M – $7.39M · ±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
$128,553
Tax year 2024
Assessed value
$741,750
Assessed 2024
Previous assessed
$741,750
+0.0% YoY
Effective rate
17.33%
On assessed value
Assessed land
$99,700
Assessed improvement
$642,050
Land market value
$1,365,748
Improvement market value
$8,795,167
Total market value
$10,160,915
Applied tax rate
26.0000
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
2004
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
50,522 SF
Lot
5.72 ac (249,250 SF)
Zoning code
C3
APN
26-005-049-008
UPID
US73-0997915
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Chalfont, PA
Zoning C3 · permitted uses
C3 · 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
$10.5M
RETAIL STORES
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
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
2004
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
5.72 ac
Current owner
From public records · entity-resolved
1600 Manor Drive LLC
Entity
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2013
—
1600 Manor Drive LLC
—
Deed Of Trust
related
$5,525,000 · M & T Bank
Dec 27, 2005
—
1600 Manor Drive LLC
New Britain Land
Grant Deed
$8,200,000 · Gmac Commercial Mortgage Corp
Mar 15, 2004
—
Britain Land New
—
Deed Of Trust
related
$5,587,500 · Sovereign Bank
Jan 16, 2004
$3,000,000
New Britain Land LP
New Britain Corporate Ctr LP
Grant Deed
related
—
Nov 6, 1998
—
Brittany Square LP
—
Deed Of Trust
related
$14,500,000 · Association Retirement 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.
Try Rey
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