Medical Office Suite with Exam
101 PROGRESS DRIVE, Doylestown, PA 18901
For Sale
New
Contact for pricing
Lower-level space includes a reception and waiting area, three sink-equipped exam rooms, an office or break room, and an ADA bathroom.
Property Size1,205 SF
Price / SF$1.78
Days on Market5
Property Features for 101 PROGRESS DRIVE
General Information
Standard status
Size
Elevators
Property subtype
Space & Availability
Floor
Condition
Additional Details
Property Use
Amenities
monument sign
Building Details
Year Built
Listing Agency:
Keller Williams Real Estate-Doylestown
(215) 340-5700
Listed By:
Chad B Blankenbiller · License PA RS277047
(215) 589-8080
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:24PM
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 Keller Williams Real Estate-Doylestown
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Investment Insights
Based on property information with market context.
This 1,205-square-foot medical office suite occupies the building’s lower level. Its current layout includes an administrative reception area and patient waiting space, three exam rooms with sinks, an office/break room, and one ADA bathroom. An elevator serves all floors, and parking is available on site. The building was constructed in 1967.
The property is directly across W. State Street from Doylestown Hospital. A shared monument sign stands at the W. State Street and Progress Drive intersection.
The property is directly across W. State Street from Doylestown Hospital. A shared monument sign stands at the W. State Street and Progress Drive intersection.
Key Highlights
- 1,205 SF lower‑level medical office suite
- Three exam rooms, each with a sink
- Administrative reception and patient waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,671
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,420
$333.4K
Cap Rate 7%
$238,157
$238.2K
Cap Rate 9%
$185,233
$185.2K
Market Conditions
NOI Build-Up for 1,205 SF
Gross rent
$30.4K $25.20/SF
− Vacancy
−$2.6K −$2.14/SF
EGI
$27.8K $23.06/SF
− OpEx
−$11.1K −$9.22/SF
NOI
$16.7K $13.83/SF
Area
Bucks County, PA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,420
Cap Rate 7%
$238,157
Cap Rate 9%
$185,233
Alternative Uses
Best Use
Office B
$314.4K
$275.1K – $366.9K
NOI $22,011 @ 7.0% cap
Second Best
Healthcare Medical
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap
Theoretical Best
Office A
$413.0K
$361.4K – $481.9K
NOI $28,911 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18901, PA
28,395
Population
11,431
Households
2.5
Avg Household Size
47
Median Age
58%
College-Educated
98%
High-School Grad
21.0 sq mi
ZIP Area
1,352
Density / Sq Mi
$115,425
Median Household Income
$54,548
Median Earnings
$1,890
Median Rent
$544,200
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Bucks County, PA
Properties on Market for Medical Office Space in Bucks County
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Lower-level space includes a reception and waiting area, three sink-equipped exam rooms, an office or break room, and an ADA bathroom.
Where is this medical office space located?
The property is located at 101 PROGRESS DRIVE Doylestown, PA.
What are key features of this property?
This property features: 1,205 SF lower‑level medical office suite; Three exam rooms, each with a sink; Administrative reception and patient waiting areas
