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    Professional Office Building in Media Title is generated by Realmo AI

    1008 N PROVIDENCE Road, Media, PA 19063

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    Claim this Listing
    New
    For Sale
    $499,900

    Commercial Sale - MEDIA, PA

    Type:Office
    Added:
    May 18, 2026
    Days on Market:
    6
    Last Refresh:
    May 23 at 6:06 pm

    Property Features for 1008 N PROVIDENCE Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    8
    Parking features
    Offsite, Garage, Special Needs
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    6599

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1944
    Number of units
    1
    Building materials
    Concrete, Vinyl Siding

    We can help!

    Listing Contact
    Michael J Koperna
    Michael J Koperna

    Listing agent Michael J Koperna License #RS292616

    Listing office Keller Williams Real Estate - West Chester 276 Dilworthtown Road, West Chester, PA

    Listing date May 18, 2026

    MLS# PADE2114896

    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

    • Premier location on Rt. 252 in Media with high visibility and immediate access to Rt. 1.
    • Currently operating as a successful, fully occupied doctor's office, presenting a turnkey investment opportunity.
    • Handicapped‑accessible ramp and 14 private parking spaces, rare amenities for the location.
    • Versatile layout with a professional first floor and a private second‑floor suite with separate entrance and kitchenette.
    • Full‑size basement provides substantial storage and operational flexibility.
    • Well‑maintained building in excellent condition, showcasing pride of ownership.

    Overview

    This well-maintained professional office building is located in a desirable and highly visible commercial location on Route 252 in Media, Pennsylvania, with immediate access to Route 1. Currently operating as a successful doctor's office, the property is fully occupied. The first floor features a professional reception area, private offices, and a powder room, suitable for medical, legal, accounting, financial, or general professional use. The second floor includes a spacious private office suite with its own rear entrance, kitchenette, and additional powder room, ideal for executive offices, additional tenants, or flexible workspace needs. The property includes a handicapped-accessible ramp, 14 private parking spaces, and a full-size basement providing storage and operational flexibility. This property is located in Delaware County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elizabeth L Massimini ... Physician Emily Rose Physician

    Suggested Use

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

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

    Similar Places Nearby

    • The Cat Hospital of Media — 102 W Baltimore Ave, Media, PA 19063

    Location Insight

    • Map
    • Local Demand
    City
    Media
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.38868
    Latitude
    39.93152

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    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained office building in a desirable Media location.
    Where is this medical office space located?
    The property is located at 1008 N PROVIDENCE Road Media, PA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Premier location on Rt. 252 in Media with high visibility and immediate access to Rt. 1.; Currently operating as a successful, fully occupied doctor's office, presenting a turnkey investment opportunity.; Handicapped‑accessible ramp and **14 private parking spaces**, rare amenities for the location.
    (484) 588-0069
    We can help!
    Listing Contact
    Michael J Koperna
    Michael J Koperna
    Real Estate License ID: RS292616
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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.

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