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Property profile & analytics
OFF-MARKET
Estimated value
$7,415,000
Office buildings
1980 Easton Rd Doylestown, PA 18901-7103
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-5854041
Property summary
AI-generated overview
Heritage Gateway Center, located at 1980 S Easton Rd, Doylestown, PA 18901, offers exceptional office space in Bucks County. This Class A office building, totaling 31,050 square feet, features a striking two-story lobby complete with a balcony. The building is conveniently situated near the Route 611 Bypass and Route 202, providing easy access for commuters. Currently, there are two available suites: one measuring 1,802 square feet and another spanning 2,200 square feet, both located on the second floor. Additional space may also be available
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
33,094 SF
Lot
4.68 ac (203,817 SF)
Zoning code
C
APN
09-022-001-001
UPID
US73-5854041
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.54M
Comparable Approach
Comparable
$8.10M
Blend (final)
Blend
$7.42M
Owner & transaction history
Department Of Transporation · 3 yrs held
Department Of Transporation
since 2022
4 recorded transactions
Zoning & alternative use
C · Doylestown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.7M
+14.3%
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 Doylestown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Doylestown 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%
$9,250,000
6.5%
$8,540,000
7%
$7,930,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,390,000
Current use
RESTAURANT
$10,735,000
Change: +14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,040,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$8,165,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,690,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.42M
Range $6.67M – $8.16M · ±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
$224 / 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
$101,753
Tax year 2024
Assessed value
$574,990
Assessed 2024
Previous assessed
$574,990
+0.0% YoY
Effective rate
17.70%
On assessed value
Assessed land
$88,900
Assessed improvement
$486,090
Land market value
$1,217,803
Improvement market value
$6,658,738
Total market value
$7,876,541
Applied tax rate
9.0000
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
2006
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
33,094 SF
Lot
4.68 ac (203,817 SF)
Zoning code
C
APN
09-022-001-001
UPID
US73-5854041
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Doylestown, PA
Zoning C · permitted uses
C · Doylestown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Doylestown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.4M
RESTAURANT
Est. value
$10.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2006
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
4.68 ac
Current owner
From public records · entity-resolved
Department Of Transporation
Entity
Free & Clear · 3 yrs held
Mailing address
7000 GEERDES BLVD, KING OF PRUSSIA, PA 19406-1525
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
—
Department Of Transporation
Heritage Gateway Center LP
Deed
—
Dec 20, 2018
—
Heritage Gateway Center LP
—
Grant Deed
related
$4,350,000 · Miscellaneous Ins Co
Sep 23, 2005
$500,000
Heritage Gateway Center
Heritage Gateway Center LLC
Grant Deed
$6,300,000 · Beneficial Savings Bank
Apr 7, 2003
—
Epc Holdings 590 LLC
Mease,robert A
Grant Deed
related
$720,000 · Commerce Bank Pennsylvania NA
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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