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    Springfield Home with Flexible Office Title is generated by Realmo AI

    359 SPRING VALLEY ROAD, Springfield, PA 19064

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    Claim this Listing
    For Sale
    Under Contract
    $425,000

    CommercialSale - SPRINGFIELD, PA

    Property size:
    2,900 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $146/SF
    Added:
    Apr 14, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 359 SPRING VALLEY ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Size
    2,900 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10372

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Heat Pump

    Building Details

    Year built
    1964
    Architectural style
    Other

    We can help!

    Listing Contact
    Stacey Middleton

    Listing agent Stacey Middleton

    Listing office BHHS Fox & Roach Newtown Square Home Marketing 3409 West Chester Pike, PA

    Listing date Apr 14, 2026

    MLS# PADE2112668 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Flexible first‑floor bonus space with separate entrance, half bath, and heating system.
    • Located in the desirable Springfield community within the Springfield School District.
    • Newer house heater (2024) and hot water heater (2022).
    • Four‑bedroom layout, including a primary suite with a private full bath.
    • Convenient location near shopping, dining, parks, and major roadways.
    • Enclosed screened porch provides additional space for relaxing or entertaining.

    Overview

    This well-maintained, detached single-family home is located in Springfield, Delaware County, PA, within the Springfield School District. The property features four bedrooms and 2.5 bathrooms. A standout feature is the flexible first-floor bonus space, previously configured as an office with a half bath and separate heating system. This area could serve as a family room, home office, hobby space, or in-law suite. The main level includes a bright living room, a formal dining room, and an eat-in kitchen. An enclosed screened porch off the kitchen provides additional space for relaxation or entertainment. Upstairs, there are four bedrooms, including a primary suite with a private full bath. The full-height basement offers ample storage and includes a washer and dryer. Additional features include central air conditioning and a well-maintained interior. The house heater was installed in 2024, the hot water heater in 2022, the roof in 1999, and the addition heater in 2020. The property is conveniently located near shopping, dining, parks, and major roadways. The property has a separately enclosed entrance to a former pediatrician's office that can be used by a professional home occupant. Any business use would need to comply with the township's home occupation guidelines; buyers should confirm specifics with the township. The property offers flexible living options and the opportunity to update and personalize.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $49.4k $17.04
    − Vacancy −$7.4k −$2.56
    EGI $42.0k $14.48
    − OpEx −$10.5k −$3.62
    NOI $31.5k $10.86
    2,900 SF · lease $17.04/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $450.0K
    $393.8K – $525.1K (±1% cap)
    NOI $31,503 @ 7.0% cap · market cap 7.41%
    Second Best
    Healthcare Medical
    $344.9K
    $301.8K – $402.4K (±1% cap)
    NOI $24,143 @ 7.0% cap · market cap 5.68%
    Theoretical Best
    Warehouse
    $3.53M
    $3.09M – $4.12M (±1% cap)
    NOI $247,009 @ 7.0% cap · market cap 58.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Pharmacy Auto Repair Shop Department Store

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

    Similar Places Nearby

    • Dubin Stephen DVM — 269 Orchard Rd, Springfield, PA 19064

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Northumberland
    State
    Pennsylvania
    Longitude
    -75.34384
    Latitude
    39.92952

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    FAQs

    What type of property is this?
    Medical Office Space - Four-bedroom home with flexible office space in Springfield, PA.
    Where is this medical office space located?
    The property is located at 359 SPRING VALLEY ROAD Springfield, PA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Flexible first‑floor bonus space with separate entrance, half bath, and heating system.; Located in the desirable Springfield community within the Springfield School District.; Newer house heater (2024) and hot water heater (2022).
    (484) 393-5842
    We can help!
    Listing Contact
    Stacey Middleton
    Request Owner's contact information
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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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