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

    56 Butler Ave Chalfont, PA 18914-3029

    • Auto shops
    • 7,200 SF
    • 2.64 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2023
    $1,414,000
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0438577
    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

    • Old Forge Collision Inc / Car Repair And Maintenance
    • Caliber Collision / Auto Dent Removal Service / Auto Painting

    Property Details for 56 Butler Ave

    Year built
    1985
    Lot size
    2.64 lot acres
    Property size
    7,200 SF
    Zone code
    BC
    Property type
    Auto shops
    APN
    07-006-137
    APU
    7006137

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,485,000
      ML approach
      $1,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,684,000
      Market price range: $916k - $2.50M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,675,000
      Current use
      RESTAURANT
      $2,335,000
      Change: +40% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,965,000
      Change: +18% Conversion: Difficult
      MEDICAL BUILDING
      $1,775,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,725,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $1,490,000
      Change: -11% Conversion: Difficult
      RETAIL STORES
      $1,425,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chalfont
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.2054
    Latitude
    40.2872
    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
    $17,825
    $28,530
    $71,020
    $99,550
    -
    $390,820
    $972,872
    $1,363,692

    Comparable in this City

    • Value Estimation
      $1,020,000
      5,904 SF

      3400 Pickertown Rd

      AUTO REPAIR, GARAGE • 5,904 SF
      3400 Pickertown Rd, Chalfont, PA 18914-3558
      View Details
    • Value Estimation
      $1,030,000
      12,740 SF

      85 Bristol Rd

      AUTO REPAIR, GARAGE • 12,740 SF
      85 Bristol Rd, Chalfont, PA 18914-3208
      View Details
    • Value Estimation by Request
      3,750 SF

      57 Bristol Rd

      AUTO REPAIR, GARAGE • 3,750 SF
      57 Bristol Rd, Chalfont, PA 18914-3201
      View Details
    • Value Estimation
      $1,525,000
      15,004 SF

      196 Butler Ave

      AUTO REPAIR, GARAGE • 15,004 SF
      196 Butler Ave, Chalfont, PA 18914-3032
      View Details
    • Value Estimation by Request
      3,527 SF

      125 Butler Ave

      AUTO REPAIR, GARAGE • 3,527 SF
      125 Butler Ave, Chalfont, PA 18914-3024
      View Details
    • Value Estimation
      $1,060,000
      5,300 SF

      401 Butler Ave

      AUTO REPAIR, GARAGE • 5,300 SF
      401 Butler Ave, Chalfont, PA 18914-2216
      View Details

    Similar Nearby for Sale

    • $5,400,000
      12,600 SF

      Retail Property in Chalfont, PA

      Retail property available for sale in Chalfont, Pennsylvania.
      386 Butler Dr, Chalfont, PA 18914
      View Details
    • $2,350,000

      Profitable Shopping Center Investment Opportunity

      Three-building shopping center with diverse tenants and income potential.
      13 Butler Ave, Chalfont, PA 18914
      View Details
    • $249,900
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      Vacant Land in Chalfont, PA

      Vacant land parcel in Chalfont Borough for sale.
      Chalfont, PA 18914
      View Details
    • $299,900

      Executive Office Space For Sale

      Executive office space available in High Point Business Campus.
      200 Highpoint Dr, Chalfont, PA 18914
      View Details
    • $350,000
      1.74 Acres

      Vacant Land in Downtown Chalfont

      1.74 acre vacant lot with high visibility in Chalfont.
      40 E Butler Ave, Chalfont, PA 18914
      View Details
    • $310,000

      Executive Office Space For Sale

      Executive office space in High Point Business Campus available for sale.
      200 Highpoint Dr, Chalfont, PA 18914
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo

      Retail/Office Space in Chalfont Plaza

      1200 sq ft retail/office space in Chalfont Borough.
      25 Chalfont Rd, Chalfont, PA 18914
      View Details
    • Contact for pricing
      16,000 SF

      Versatile Space with Build Options

      Adaptable property suitable for daycare, medical, office, or retail.
      W Butler Ave, Chalfont, PA 18914
      View Details
    • $24 SF/Yr
      221,720 SF

      Retail Storefront in Chalfont, PA

      Retail storefront with high visibility in Chalfont, Pennsylvania.
      150 E Butler Pike Ave, Chalfont, PA 18914
      View Details
    • Contact for pricing
      3,650 SF

      Retail Property with Drive-Thru

      Retail property featuring excellent visibility and existing drive-thru.
      280-290 W Butler Ave, Chalfont, PA 18914
      View Details
    • Contact for pricing
      23,400 SF

      Warrington Square Shopping Center

      Retail Space for Lease/Sale in Chalfont, PA
      3318 Limekiln Pike, Chalfont, PA 18914
      View Details
    • Contact for pricing
      3,030 SF

      Prime Chalfont Retail Space

      3,030 SF Retail Space Available
      3318 Limekiln Pike, Chalfont, PA 18914
      View Details
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    56 Butler Ave
    Chalfont, PA 18914-3029
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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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