Property profile

833 Butler Ave New Britain, PA 18901

OFF-MARKET
Medical Office Space
Property ID
US73-5772616
10,756 SF 12.09 ac lot Built 2000
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 2000
Total area 10,756 SF
Lot 12.09 ac (526,640 SF)
Zoning code R1
APN 25-009-087
UPID US73-5772616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Physician
  • Medical Clinic

Location

833 Butler Ave New Britain, PA 18901-2280
New Britain metro Census 104800 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.29M
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$620k

Owner & transaction history

since 2007
7 recorded transactions
2013
Price N/A
2007
$10.1M
2000
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R1 · New Britain, PA
Top alternative use upside
Restaurant $3.5M +31.4%
Office building $3.1M +15.0%
Apartment house (5+ units) $2.9M +10.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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