Listing Agency: Colliers | Philadelphia Show Phone

Listed By: Paul Rogers Show Phone

Source: Moodyscre

Added: Nov 7, 2025 Changed: Oct 4 Last Checked: Oct 16 at 10:26AM

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Investment Insights

Based on property information with market context.

This 34,831-square-foot medical office property is located within Newtown Business Commons at 102 Friends Ln in Newtown, Pennsylvania. The suite provides ADA-compliant access, supporting accessibility for occupants and visitors.

The property offers convenient access to I-95, connecting the medical office to regional roadways and the surrounding Newtown area.

Key Highlights

• 34,831 square feet of medical office space
• Located within Newtown Business Commons
• ADA‑compliant suite access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$547,601

Cap Rate

7.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,952,020 $11.0M

Cap Rate 7%

$7,822,871 $7.8M

Cap Rate 9%

$6,084,456 $6.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 34,831 SF

Gross rent

$907.0K $26.04/SF

− Vacancy

−$176.9K −$5.08/SF

EGI

$730.1K $20.96/SF

− OpEx

−$182.5K −$5.24/SF

NOI

$547.6K $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%

$10,952,020

Cap Rate 7%

$7,822,871

Cap Rate 9%

$6,084,456

Alternative Uses

Best Use

Office B

$7.82M

$6.85M – $9.13M (±1% cap)

NOI $547,601 @ 7.0% cap · market cap 7.30%

Second Best

Healthcare Medical

$6.88M

$6.02M – $8.03M (±1% cap)

NOI $481,880 @ 7.0% cap · market cap 6.43%

Theoretical Best

Office A

$10.56M

$9.24M – $12.32M (±1% cap)

NOI $739,229 @ 7.0% cap · market cap 9.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Restaurant Auto Repair Shop Big Box & Wholesale Store Building Supply Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,545

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18940, PA

30,280

Population

11,763

Households

2.6

Avg Household Size

47

Median Age

67%

College-Educated

97%

High-School Grad

34.6 sq mi

ZIP Area

875

Density / Sq Mi

$157,591

Median Household Income

$85,895

Median Earnings

$2,227

Median Rent

$623,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - ADA-compliant suite access and convenient connectivity to I-95 support practical medical office operations.

Where is this medical office space located?

The property is located at 102 Friends Ln Newtown, PA.

What is the asking price?

The asking price for this property is $7,500,000.

What are key features of this property?

This property features: 34,831 square feet of medical office space; Located within Newtown Business Commons; ADA‑compliant suite access