Standalone Medical Office
102 Hillcrest Dr, Roaring Spring, PA 16673
For Sale
$350,000
Medical layout includes patient reception, exam rooms, and a separate private office.
Property Size2,152 SF
Price / SF$162.64
Days on Market46
Property Features for 102 Hillcrest Dr
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Perry Wellington Realty, LLC
Listed By:
John Hill Real Estate
(814) 944-9377
Source:
Johnhillhomesearch
Added: Sep 24
Changed: Nov 6
Last Checked: Nov 8 at 5:58AM
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 Perry Wellington Realty, LLC
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Investment Insights
Based on property information with market context.
This freestanding medical office building contains 2,152 square feet, with a waiting area, reception space, multiple exam rooms, and a private office. Its layout is configured for medical services.
The property is near Conemaugh Nason Medical Center in Roaring Spring, Pennsylvania.
The property is near Conemaugh Nason Medical Center in Roaring Spring, Pennsylvania.
Key Highlights
- 2,152‑square‑foot standalone medical office
- Multiple exam rooms, a waiting area, reception space, and a private office
- Near Conemaugh Nason Medical Center in Roaring Spring, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,810
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,200
$496.2K
Cap Rate 7%
$354,429
$354.4K
Cap Rate 9%
$275,667
$275.7K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$45.2K $21.00/SF
− Vacancy
−$3.8K −$1.79/SF
EGI
$41.4K $19.22/SF
− OpEx
−$16.5K −$7.69/SF
NOI
$24.8K $11.53/SF
Area
Blair County, PA
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,200
Cap Rate 7%
$354,429
Cap Rate 9%
$275,667
Alternative Uses
Best Use
Healthcare Medical
$354.4K
$310.1K – $413.5K
NOI $24,810 @ 7.0% cap · market cap 7.09%
Second Best
Office B
$311.4K
$272.5K – $363.4K
NOI $21,801 @ 7.0% cap · market cap 6.23%
Theoretical Best
Warehouse
$2.61M
$2.29M – $3.05M
NOI $182,968 @ 7.0% cap · market cap 52.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 16673, PA
5,317
Population
2,302
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
93%
High-School Grad
34.4 sq mi
ZIP Area
155
Density / Sq Mi
$69,119
Median Household Income
$40,691
Median Earnings
$850
Median Rent
$154,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical layout includes patient reception, exam rooms, and a separate private office.
Where is this medical office space located?
The property is located at 102 Hillcrest Dr Roaring Spring, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,152‑square‑foot standalone medical office; Multiple exam rooms, a waiting area, reception space, and a private office; Near Conemaugh Nason Medical Center in Roaring Spring, PA
