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

    242 Broad St Quakertown, PA 18951-1233

    • Retail residential properties
    • 1,787 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    May 20, 2022
    $240,000
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    2.7%
    Retail residential properties
    Location Intelligence
    Property ID
    US73-1158946
    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

    • Retail residential properties

    Property Details for 242 Broad St

    Year built
    1910
    Lot size
    0.12 lot acres
    Property size
    1,787 SF
    Zone code
    C2
    Property type
    Retail residential properties
    APN
    35-008-281
    APU
    35008281

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $235,000
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $341,000
      Market price range: $113k - $342k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $370,000
      RETAIL STORES
      $355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Quakertown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.3367
    Latitude
    40.4408
    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
    $6,763
    $9,080
    $24,520
    $33,600
    -
    $124,383
    $335,889
    $460,272

    Comparable in this City

    • Value Estimation
      $275,000
      950 SF

      334 Broad St

      STORES & APARTMENTS • 950 SF
      334 Broad St, Quakertown, PA 18951-1273
      View Details
    • Value Estimation
      $1,005,000
      7,917 SF

      44 Frnt St

      STORES & APARTMENTS • 7,917 SF
      44 Frnt St, Quakertown, PA 18951-1659
      View Details
    • Value Estimation
      $250,000
      1,970 SF

      63 2nd St

      STORES & APARTMENTS • 1,970 SF
      63 2nd St, Quakertown, PA 18951-1646
      View Details
    • Value Estimation
      $305,000
      5,327 SF

      134 Broad St

      STORES & APARTMENTS • 5,327 SF
      134 Broad St, Quakertown, PA 18951-1710
      View Details
    • Value Estimation
      $300,000
      1,845 SF

      640 End Blvd

      STORES & APARTMENTS • 1,845 SF
      640 End Blvd, Quakertown, PA 18951-1410
      View Details
    • Value Estimation
      $330,000
      3,016 SF

      1301 Broad St

      STORES & APARTMENTS • 3,016 SF
      1301 Broad St, Quakertown, PA 18951-1107
      View Details

    Similar Nearby for Sale

    • $5,900,000
      15.00 Acres

      Quakertown Commercial Land - 15 Acres

      Prime 15-acre commercial lot in Quakertown, PA.
      0 Pumping Station Rd, Quakertown, PA 18951
      View Details
    • $2,900,000
      3.90 Acres

      Quakertown Commercial Land - 3.9 Acres

      Prime Quakertown redevelopment opportunity. High-traffic location.
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    • $185,000
      1.08 Acres

      Commercial Lot in Quakertown, PA

      1.084 acre commercial lot with existing septic system.
      1871 Rte, Quakertown, PA 18951
      View Details
    • $1,600,000
      35.57 Acres

      Picturesque Land Parcel in Quakertown

      36-acre parcel ideal for equestrian, livestock, or agricultural use.
      2500 Yankee Rd, 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
    • $1,300,000

      Land Available in Quakertown

      Land with level topography and public utilities in Quakertown.
      2460 John Fries Hwy, Quakertown, PA 18951
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      23,535 SF

      Freestanding Building in Quaker Village

      23,535 SF freestanding building for sublease in Quakertown.
      337 W Broad St, Quakertown, PA 18951
      View Details
    • Contact for pricing
      14,564 SF

      Retail Building with Drive-Thru

      High-visibility retail building with drive-thru, divisible, on major highway.
      1080 West End Blvd, Quakertown, PA 18951
      View Details
    • $12 SF/Yr
      543,629 SF

      Commercial Suite in Red Hill

      1,171 SF suite available for rent in Red Hill, PA.
      2385 John Fries Hwy, Quakertown, PA 18951
      View Details
    • $12 SF/Yr
      7,000 SF

      Quakertown Retail Space - 7,000 SF

      Prime Quakertown location, brewery potential, ample parking.
      1321 Broad St, Quakertown, PA 18951
      View Details
    • Contact for pricing
      76,000 SF

      Quakertown Retail Endcap Space

      Prime 2,495 SF Endcap Available Now
      200 West End Blvd, Quakertown, PA 18951
      View Details
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    242 Broad St
    Quakertown, PA 18951-1233
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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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