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    Iconic Oxford Heritage Building Suites Title is generated by Realmo AI

    24 S 3RD Street, Oxford, PA 19363

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    For Lease
    $1,550/Mo $15 SF/Yr (calc)

    CommercialLease - OXFORD, PA

    Type:Office
    Property size:
    1,240 SF
    Lot size:
    0.05 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    248
    Last Refresh:
    May 17 at 9:06 am

    Property Features for 24 S 3RD Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    On Street, Garage
    Standard status
    Active
    Size
    1,240 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1868
    Building materials
    Brick

    We can help!

    Listing Contact
    Robert Bakalez
    Robert Bakalez

    Listing agent Robert Bakalez License #RS162345A

    Listing office Beiler-Campbell Realtors-Oxford 320 Limestone Road, Oxford, PA

    Listing date Sep 12, 2025

    MLS# PACT2109508

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Iconic landmark building with exceptional visibility at a prominent downtown intersection.
    • Prestigious address in the heart of downtown Oxford.
    • On‑site parking for customers and close proximity to public parking.
    • Well‑established professional hub with respected tenants (banks, attorneys, accountants).
    • Customizable first‑floor suites available (1,240 SF and 800 SF) that can be combined.
    • High foot traffic and long‑standing community recognition.

    Overview

    Located at the intersection of 3rd Street and Locust in Oxford, PA, the Heritage Building offers commercial suites for rent. The building is a professional hub with tenants including banks, attorneys, and accountants. On-site parking is available for customers, and a public parking garage is located 150 feet away. Available first-floor suites include Suite 102, offering 1,240 square feet, and Suite 105, offering 800 square feet. The suites can be leased individually or combined. Each suite can be customized. The building is located on a lot of 0.0484 acres. The Heritage Building offers space to grow and thrive, with business names prominently displayed near one of Oxford's busiest corners.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BB&T Insurance Services Insurance Agency BB&T Mortgage Loan Service BB&T ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.97942
    Latitude
    39.78429

    Nearby Similar for Lease

    • $15 SF/Yr

      Iconic Heritage Building Office Suite

      Professional office suite in a landmark Oxford building for lease.
      24 S 3RD Street, OXFORD, PA 19363
      View Details
    • $35 SF/Yr
      4,200 SF

      New Retail Space on Route 1

      New construction retail space with high visibility and accessibility.
      255 LIMESTONE Road, OXFORD, PA 19363
      View Details
    • $20 SF/Yr
      1,240 SF

      Office Suites in Town Center

      Three office suites available for lease in Oxford, Pennsylvania.
      24 S 3RD STREET, OXFORD, PA 19363
      View Details
    • Contact for pricing
      1,675 SF

      Medical Office Space Available

      Medical office space for lease in Oxford borough.
      303 N 3rd St, Oxford, PA 19363
      View Details

    FAQs

    What type of property is this?
    Office units - Prime commercial suites in Oxford's landmark Heritage Building.
    Where is this office units located?
    The property is located at 24 S 3RD Street Oxford, PA.
    What is the lease rate?
    The lease rate is $1,550 /Mo.
    What are key features of this property?
    This property features: Iconic landmark building with exceptional visibility at a prominent downtown intersection.; Prestigious address in the heart of downtown Oxford.; On‑site parking for customers and close proximity to public parking.
    (610) 932-1000
    We can help!
    Listing Contact
    Robert Bakalez
    Robert Bakalez
    Real Estate License ID: RS162345A
    Learn More
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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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