Office Suite with Private
New
For Sale
Contact for pricing
1006 FLORAL VALE BOULEVARD, Morrisville, PA 19067
A single-level layout includes a reception area, two private offices, a bathroom and dedicated storage.
Property Size950 SF
Price / SF$2.63
Days on Market6
Property Features for 1006 FLORAL VALE BOULEVARD
General Information
Standard status
Active
Size
950 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
2000
Listing Agency:
Jay Spaziano Real Estate
Listed By:
James Spaziano · License #RM423834
(215) 493-1220
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 8:23AM
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 Jay Spaziano Real Estate
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Investment Insights
Based on property information with market context.
This 950-square-foot office suite has a single-level plan with a vestibule entrance, reception area, two private offices, a bathroom and a storage closet. The building was constructed in 2000, and the association covers common area maintenance.
Located at 1006 Floral Vale Boulevard in Morrisville, the property offers access to I-295 and Route 1. Restaurants, retail and entertainment options are also identified in the surrounding area.
Located at 1006 Floral Vale Boulevard in Morrisville, the property offers access to I-295 and Route 1. Restaurants, retail and entertainment options are also identified in the surrounding area.
Key Highlights
- 950 square feet of single‑level office space
- Two private offices, reception area, bathroom and storage closet
- Vestibule entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,936
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,720
$298.7K
Cap Rate 7%
$213,371
$213.4K
Cap Rate 9%
$165,956
$166.0K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$24.7K $26.04/SF
− Vacancy
−$4.8K −$5.08/SF
EGI
$19.9K $20.96/SF
− OpEx
−$5.0K −$5.24/SF
NOI
$14.9K $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 Rate 5%
$298,720
Cap Rate 7%
$213,371
Cap Rate 9%
$165,956
Alternative Uses
Best Use
Office B
$213.4K
$186.7K – $248.9K
NOI $14,936 @ 7.0% cap · market cap 597.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.0K
$252.0K – $336.0K
NOI $20,162 @ 7.0% cap · market cap 806.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 19067, PA
53,153
Population
21,792
Households
2.4
Avg Household Size
44
Median Age
56%
College-Educated
97%
High-School Grad
31.5 sq mi
ZIP Area
1,687
Density / Sq Mi
$131,604
Median Household Income
$63,454
Median Earnings
$1,599
Median Rent
$483,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A single-level layout includes a reception area, two private offices, a bathroom and dedicated storage.
Where is this office unit located?
The property is located at 1006 FLORAL VALE BOULEVARD Morrisville, PA.
What are key features of this property?
This property features: 950 square feet of single‑level office space; Two private offices, reception area, bathroom and storage closet; Vestibule entrance
