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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
355 Edgemont Ave Quakertown, PA 18951-1412
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1394790
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Total area
3,057 SF
Lot
1.02 ac (44,431 SF)
Zoning code
OB
APN
35-006-011-003
UPID
US73-1394790
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
-
Dr. Rajeev R. Gowda, DMD Dental Office
-
Kiesel & Maye Dental Associates Dental Office
-
Maye Dental Associates Dental Office
-
Alphonse Jimmy Dental Office
-
Dr. Douglas Maye Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$868k
Blend (final)
Blend
$820k
Owner & transaction history
Maye Property Group LLC · 2 yrs held
Maye Property Group LLC
since 2024
Last sale
$820,000
4 recorded transactions
Zoning & alternative use
OB · Quakertown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
idential District (MR). § 308 High Density Residential District (HR). § 309 Town Center District (TC). § 310 Neighborhood Commercial District (NC). § 311 Highway Commercial District (HC). § 312 Office/Business District (OB). § 313 Hospital District (H). § 314 Light Industrial District (LI). § 314.1 Pedestrian-Oriented, Mixed-Use Overlay District. § 315 Use R…
Zone name
Office And Business
General category
COMMERCIAL
Zone area
18.77 ac
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 Quakertown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Quakertown 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
$820,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$755,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: -16% · Conversion: Easy
RETAIL STORES
$605,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $820k (Mar 6 2024)
Last sale anchor
$820k
Mar 6 2024
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
$268 / 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
$13,848
Tax year 2024
Assessed value
$68,800
Assessed 2024
Previous assessed
$68,800
+0.0% YoY
Effective rate
20.13%
On assessed value
Assessed land
$16,320
Assessed improvement
$52,480
Land market value
$223,561
Improvement market value
$718,901
Total market value
$942,462
Applied tax rate
35.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1975
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Rooms
8
Bathrooms
2
Total area
3,057 SF
Lot
1.02 ac (44,431 SF)
Zoning code
OB
APN
35-006-011-003
UPID
US73-1394790
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OB · Quakertown, PAZoning OB · permitted uses
OB · Quakertown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
idential District (MR). § 308 High Density Residential District (HR). § 309 Town Center District (TC). § 310 Neighborhood Commercial District (NC). § 311 Highway Commercial District (HC). § 312 Office/Business District (OB). § 313 Hospital District (H). § 314 Light Industrial District (LI). § 314.1 Pedestrian-Oriented, Mixed-Use Overlay District. § 315 Use Regulations. § 316 Special Exception Uses. § 317 Conditional Uses. § 318 Accessory
Zone name
Office And Business
General category
COMMERCIAL
Zone area
18.77 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING
Est. value
$635,000
RETAIL STORES
Est. value
$605,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1975
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
8
Bathrooms
2
Lot
1.02 ac
Current owner
From public records · entity-resolved
Maye Property Group LLC
Entity
Mailing address
72 N DIETZ ML RD, GREEN LANE, PA 18054-2309
Ownership since
2024
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
Mar 6, 2024
$820,000
Maye Property Group LLC
355 Edgemont Avenue LLC
Deed
$632,000 · Us Bank NA
Apr 18, 2006
$427,000
355 Edgemont Avenue LLC
Chorno,angel B
Grant Deed
$583,000 · Quakertown National Bank
—
—
Angel B Chorno
—
Deed Of Trust
related
$40,000 · Quakertown National Bank
—
—
355 Edgemont Avenue LLC
—
Deed Of Trust
related
$165,000 · Quakertown National Bank
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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