Listing Agency: SVN | Ahia m***@svn.com Show Phone

Listed By: Chichi E. Ahia, SIOR · License #RS293807 Show Phone

Source: Moodyscre

Added: Aug 24 Changed: Aug 29 Last Checked: Aug 29 at 10:42PM

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Investment Insights

Based on property information with market context.

This medical office property comprises a 6,316 SF building on approximately 0.72 AC. The asset is subject to a net lease structure and has an existing credit tenant, providing current income from the occupied property.

The property is located at 102 Memorial Dr in Schwenksville, Pennsylvania, with access to Route 73 and Route 29. Its medical office configuration, established tenancy, and regional route connectivity define the offering.

Key Highlights

• 6,316 SF medical office building
• 0.72 AC land area
• Net lease structure with existing credit tenant

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$99,298

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.89%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,985,960 $2.0M

Cap Rate 7%

$1,418,543 $1.4M

Cap Rate 9%

$1,103,311 $1.1M

Market Conditions

NOI Build-Up for 6,316 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$164.5K $26.04/SF

− Vacancy

−$32.1K −$5.08/SF

EGI

$132.4K $20.96/SF

− OpEx

−$33.1K −$5.24/SF

NOI

$99.3K $15.72/SF

Area

Montgomery 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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,985,960

Cap Rate 7%

$1,418,543

Cap Rate 9%

$1,103,311

Alternative Uses

Best Use

Office B

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,298 @ 7.0% cap · market cap 5.89%

Second Best

Healthcare Medical

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,280 @ 7.0% cap · market cap 5.42%

Theoretical Best

Specialty Retail

$3.63M

$3.18M – $4.24M (±1% cap)

NOI $254,312 @ 7.0% cap · market cap 15.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Restaurant Nail Salon Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

143

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19473, PA

16,028

Population

6,801

Households

2.4

Avg Household Size

42

Median Age

55%

College-Educated

96%

High-School Grad

24.3 sq mi

ZIP Area

660

Density / Sq Mi

$135,386

Median Household Income

$70,174

Median Earnings

$1,400

Median Rent

$454,500

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

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office building offering a net lease structure with an existing credit tenant and ongoing income.

Where is this medical office space located?

The property is located at 102 Memorial Dr Schwenksville, PA.

What is the asking price?

The asking price for this property is $1,685,000.

What are key features of this property?

This property features: 6,316 SF medical office building; 0.72 AC land area; Net lease structure with existing credit tenant