1824 Deep Run RdPipersville, PA 18947

Property Details for 1824 Deep Run Rd

Year built

2003

Lot size

3.26 AC

Zone code

C2

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-012-142-002

APU

1012142002

Description

This fee-simple medical office building in Pipersville, Bucks County, Pennsylvania, offers a compelling investment opportunity. The 3,445 square foot property is 100% occupied by Veterinary Innovative Partners under a 10-year Net Net lease (NN) with a corporate guarantee, providing minimal landlord responsibilities. The lease commenced April 10, 2022, and has a remaining term of approximately 7.4 years, with a 5-year option to renew at a 2% annual rent increase. The building, constructed in 2003, sits on a 3.26-acre lot and boasts a strong net operating income (NOI) of $65,004, resulting in a 7.50% capitalization rate. The asking price is $866,720, translating to $251.59 per square foot. This investment benefits from the resilient nature of the veterinary services market, which has shown consistent growth, driven by increasing pet ownership and spending on pet healthcare. The property presents a stable, low-maintenance income stream with significant upside potential due to the long-term lease and built-in rent increases. The property address is 1824 Deep Run Rd, Pipersville, PA 18947.

• CAP approach

  CAP return

  Valuation

  6%

  $43,729,296

  6.5%

  $40,365,504

  7%

  $37,482,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,943,822

  Geo Method

  $28,750,570

• Alternative Use

  Use

  Valuation

  Residential

  $40,365,504

  Hospitality

  $36,974,584

  Educational

  $30,762,420

  Medical

  $31,820,388

  Retail

  $47,852,652

Location Insight

City

Pipersville

County

Bucks

State

Pennsylvania

Latitude

40.4238

Longitude

-75.1436

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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