Medical Office Building with Monument
For Sale
$1,689,000
1-1568 Woodbourne Rd, Levittown, PA 19056
Purpose-built medical facility with flexible professional space, extensive parking, and P — Professional District zoning.
Property Size6,300 SF
Lot Size1.00 Acre
Price / SF$268.10
Days on Market14
Property Features for 1-1568 Woodbourne Rd
General Information
Standard status
Active
Size
6,300 SF
Lot size
1.00 Acre
Zoning
P
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$21,788
Building Details
Buildings
1
Stories
2
Building Size
6,300 SF
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Coldwell Banker Hearthside
(267) 716-2814
Listed By:
Jacqueline Hillgrube
(267) 716-2814
Source:
Exprealty
Added: Aug 18
Changed: Aug 31
Last Checked: Aug 31 at 1:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This approximately 6,300-square-foot medical office property is arranged across two levels, with more than 5,000 square feet on the first floor and approximately 1,300 square feet upstairs. The primary level includes eight examination rooms, a retina diagnostic area, laboratory space, three physician offices, three ADA-compliant restrooms, reception and waiting areas, a frames and lens display area, kitchenette, technology room, and multiple storage areas. The upper floor adds more than 600 square feet of open workspace, two private offices, a conference room, kitchen, restroom, and oversized storage room.
Recent property updates include repaved parking areas, a silicone roof, upgraded rooftop HVAC systems, and a newer hot water heater. Front and rear parking lots serve the building, while a well-lit monument sign and more than 150 feet of frontage support roadside identification. Woodbourne Road carries daily traffic exceeding 25,000 vehicles, and the property is approximately 1.8 miles from Jefferson Health, 5 miles from St. Mary Medical Center, and 12 miles from Capital Health’s main campus. P — Professional District zoning may support medical, dental, professional, service-oriented, educational, and daycare uses, subject to township approval and verification. The building is currently occupied by Total Eye Care LP.
Recent property updates include repaved parking areas, a silicone roof, upgraded rooftop HVAC systems, and a newer hot water heater. Front and rear parking lots serve the building, while a well-lit monument sign and more than 150 feet of frontage support roadside identification. Woodbourne Road carries daily traffic exceeding 25,000 vehicles, and the property is approximately 1.8 miles from Jefferson Health, 5 miles from St. Mary Medical Center, and 12 miles from Capital Health’s main campus. P — Professional District zoning may support medical, dental, professional, service-oriented, educational, and daycare uses, subject to township approval and verification. The building is currently occupied by Total Eye Care LP.
Key Highlights
- Approximately 6,300 SF across two floors, including more than 5,000 SF on the first floor
- Eight examination rooms, retina diagnostic area, lens laboratory, three physician offices, and three ADA‑compliant restrooms
- Second floor includes more than 600 SF of open space, two offices, conference room, kitchen, restroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,980,920
$2.0M
Cap Rate 7%
$1,414,943
$1.4M
Cap Rate 9%
$1,100,511
$1.1M
Market Conditions
NOI Build-Up for 6,300 SF
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.
Gross rent
$164.1K $26.04/SF
− Vacancy
−$32.0K −$5.08/SF
EGI
$132.1K $20.96/SF
− OpEx
−$33.0K −$5.24/SF
NOI
$99.0K $15.72/SF
Area
Bucks County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,980,920
Cap Rate 7%
$1,414,943
Cap Rate 9%
$1,100,511
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $99,046 @ 7.0% cap · market cap 5.86%
Second Best
Healthcare Medical
$1.25M
$1.09M – $1.45M
NOI $87,159 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,707 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19056, PA
15,858
Population
6,030
Households
2.6
Avg Household Size
41
Median Age
34%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
4,066
Density / Sq Mi
$104,382
Median Household Income
$53,916
Median Earnings
$1,409
Median Rent
$360,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical facility with flexible professional space, extensive parking, and P — Professional District zoning.
Where is this medical office space located?
The property is located at 1-1568 Woodbourne Rd Levittown, PA.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: Approximately 6,300 SF across two floors, including more than 5,000 SF on the first floor; Eight examination rooms, retina diagnostic area, lens laboratory, three physician offices, and three ADA‑compliant restrooms; Second floor includes more than 600 SF of open space, two offices, conference room, kitchen, restroom, and storage
