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    2385 John Fries Hwy Red Hill, PA 18951
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    Property profile & analytics

    2385 John Fries Hwy, Red Hill, PA 18951

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    • Retail space
    • 6,000 SF
    • 12.48 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Stand-alone Office with Truck Dock For Lease
    $12 SF/Yr
    6,000 SF

    Stand-alone Office with Truck Dock

    6,000 SF office space with truck dock for rent.

    2385 John Fries Hwy, Quakertown, PA 18951
    View Listing
    Property ID
    US73-0209718
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • One Week Kitchens / General Contractor
    • Re-Bath Quakertown / Renovation Specialist / General Contractor

    Property Details for 2385 John Fries Hwy

    Year built
    1970
    Lot size
    12.48 lot acres
    Zone code
    RD
    Property type
    Retail space
    APN
    23-010-175-003
    APU
    23010175003

    Description

    The Route 663 Business Center, located at 2385 John Fries Hwy in Quakertown, PA 18951, offers a diverse range of flexible commercial spaces. This Class A property, built in 1969, comprises two single-story buildings totaling 46,400 square feet. Currently, 15,779 square feet are available, divisible into units as small as 1,171 square feet, with a maximum contiguous space of 11,250 square feet. The property features convenient amenities for businesses, including four loading docks, three drive-in bays, and ample parking with 100 spaces. Its strategic location on heavily trafficked Route 663, with easy access to Route 309 and the Pennsylvania Turnpike, ensures high visibility and convenient transportation. The property is zoned RD and situated in Bucks County. The building is suitable for multiple tenants and offers a variety of space options to accommodate diverse business needs. This well-maintained property provides a functional and efficient workspace, ideal for businesses seeking a strategic location with excellent accessibility. The five existing suites offer a variety of configurations, allowing for customization to meet specific requirements. The property's robust infrastructure and convenient location make it an attractive option for a wide range of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,450,000
      6.5%
      $1,340,000
      7%
      $1,245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $752,000
      Market price range: $199k - $752k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,190,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,640,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $1,480,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,435,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,395,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $1,245,000
      Change: +5% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,085,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Quakertown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.3886
    Latitude
    40.4402
    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
    $49,157
    $62,400
    $181,360
    $243,760
    -
    $854,791
    $2,484,373
    $3,339,164

    Comparable in this City

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    • Value Estimation
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      1025 End Blvd

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      12,885 SF

      250 Frnt St

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    • Value Estimation
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      8,370 SF

      200 Broad St

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
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      2,016 SF

      160 Fairview Ave

      RETAIL STORES (PERSONAL SERVICES)
      160 Fairview Ave, Quakertown, PA 18951-2801
      View Details
    • Value Estimation
      $2,480,000
      4,352 SF

      20 End Blvd

      RETAIL STORES (PERSONAL SERVICES)
      20 End Blvd, Quakertown, PA 18951-1139
      View Details

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      Quakertown Commercial 3-Unit Building

      Commercial building in Quakertown with established tenants and office space.
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      Commercial Property on Route 309

      1.6-acre commercial property with existing structures and billboard income.
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      2,573 SF

      Historic Mixed-Use Property in Quakertown

      Landmark mixed-use property with versatile floorplan and off-street parking.
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      3,760 SF

      Quakertown Commercial Property For Sale

      Fully occupied commercial property in the heart of Quakertown.
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      3,396 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in Quakertown's Richland Marketplace.
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      14,549 SF

      Brewery-Ready Space on Main Street

      Unique retail space with renovation potential in Quakertown Boro.
      1321 W Broad St, Quakertown, PA 18951
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      3,794 SF

      Richland Township Commercial Space Available

      Office and retail space available for lease in Richland Township.
      850 West End Blvd N, Quakertown, PA 18951
      View Details
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      4,000 SF

      Retail Space in Quakertown Center

      Community center retail space in high-traffic Quakertown corridor.
      240 West End Blvd, Quakertown, PA 18951
      View Details
    • Contact for pricing
      2,495 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and access near major retailers.
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      View Details
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      Adaptable Retail/Office Space Available

      Versatile space in bustling area, customizable for various business needs.
      89-95 West End Blvd, Quakertown, PA 18951
      View Details
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    2385 John Fries Hwy
    Red Hill, PA 18951
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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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