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    Professional Office in Floral Vale Title is generated by Realmo AI

    503 FLORAL VALE Boulevard, Morrisville, PA 19067

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    For Sale
    $349,900

    Commercial Sale - MORRISVILLE, PA

    Type:Office
    Property size:
    1,360 SF
    Price / SF:
    $257/SF
    Added:
    Apr 18, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 503 FLORAL VALE Boulevard

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    6
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    1,360 SF

    Taxes and HOA fees

    Tax Annual Amount
    8788

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Building materials
    Stucco, Vinyl Siding

    We can help!

    Listing Contact
    Anthony F DiCicco
    Anthony F DiCicco

    Listing agent Anthony F DiCicco License #RS315362

    Listing office Keller Williams Real Estate - Newtown 12 Terry Drive, Newtown, PA

    Listing date Apr 18, 2026

    MLS# PABU2118822

    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

    • Prime Location: Highly sought‑after Floral Vale business community in Yardley with quick access to I‑295 and Route 1.
    • Functional Layout: Features a reception area, seven private offices, a large bathroom, and a substantial storage closet.
    • Ample Parking: Offers ample parking for both staff and clients.
    • Convenient Maintenance: Common area maintenance is covered by the association.
    • Recent Development: New restaurants, retail, and entertainment options are minutes away.
    • Flexible Purchase Options: Can be purchased separately or combined with adjacent unit (504 Floral Vale Blvd).

    Overview

    This professional office opportunity is located in the Floral Vale business community in Yardley. The property at 503 Floral Vale Blvd offers approximately 1,360 square feet of single-level space. It is ideally located with quick access to I-295 and Route 1, nestled within one of the area's professional parks. Recent development in the surrounding area has enhanced the location, with new restaurants, retail, and entertainment options nearby. The suite features a vestibule entrance that opens into a spacious reception area, along with seven generously sized private offices, a large bathroom, and a substantial storage closet. The layout offers functionality and flexibility for a variety of professional uses. Ample parking is available for both staff and clients, and common area maintenance is covered by the association. This unit is currently combined with 504 Floral Vale Blvd to create a larger professional space. Units may be purchased together or separately. If purchased individually, the buyer will be responsible for converting the space back to its original configuration.

    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 $35.4k $26.04
    − Vacancy −$6.9k −$5.08
    EGI $28.5k $20.96
    − OpEx −$7.1k −$5.24
    NOI $21.4k $15.72
    1,360 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $305.4K
    $267.3K – $356.4K (±1% cap)
    NOI $21,381 @ 7.0% cap · market cap 6.11%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $412.3K
    $360.8K – $481.1K (±1% cap)
    NOI $28,864 @ 7.0% cap · market cap 8.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.88239
    Latitude
    40.21935

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    FAQs

    What type of property is this?
    Office units - Well-designed office space in a sought-after business community.
    Where is this office units located?
    The property is located at 503 FLORAL VALE Boulevard Morrisville, PA.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Prime Location: Highly sought‑after Floral Vale business community in Yardley with quick access to I‑295 and Route 1.; Functional Layout: Features a reception area, seven private offices, a large bathroom, and a substantial storage closet.; Ample Parking: Offers ample parking for both staff and clients.
    (215) 385-2006
    We can help!
    Listing Contact
    Anthony F DiCicco
    Anthony F DiCicco
    Real Estate License ID: RS315362
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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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