610 Louis DrWarminster, PA 18974

Property Details for 610 Louis Dr

Year built

1999

Property size (Sq ft)

900 SF

Zone code

I

Property type

Office properties

APN

49-009-083E100-00A

APU

49009083E10000A

Description

This exceptional Warminster, PA property, located at 610 Louis Drive, offers two 5,000 sq ft, state-of-the-art office condos, totaling 11,364 square feet, available individually or as a complete package. Each floor boasts modern interiors, including high-quality flooring and LED lighting. The upper floor features a comprehensive medical facility with surgical rooms, procedure rooms, labs, and support areas. The ground floor provides dynamic office space with executive suites, private offices, a training room, and bullpen areas. Both floors benefit from an interior elevator, ADA-compliant restrooms, abundant parking, high-definition security cameras, and a robust alarm system. Over $850,000 in capital improvements were completed in 2019. This prime location, minutes from Doylestown and Philadelphia, offers excellent visibility and accessibility, making it ideal for healthcare providers, professional offices, or investors seeking a strong return. Each condo has its own parcel number, allowing for flexible ownership and leasing options. This is a unique opportunity to acquire a premier property in a thriving Bucks County market. The property is conveniently located between New York City and Washington, D.C. Individual condo purchase price is $899,000

• CAP approach

  CAP return

  Valuation

  6%

  $148,797

  6.5%

  $137,351

  7%

  $127,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $117,594

  Geo Method

  $117,594

• Alternative Use

  Use

  Valuation

  Residential

  $170,315

  Hospitality

  $156,008

  Educational

  $129,797

  Medical

  $134,261

  Retail

  $201,906

Location Insight

City

Warminster

County

Bucks

State

Pennsylvania

Latitude

40.2008

Longitude

-75.0872

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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