Harmony Bay Medical Property
105 Floral Vale Blvd, Yardley, PA 19067
Single-tenant medical property in Yardley, PA, for sale.
Type:Office
Property size:
5,189 SFPrice / SF:
$283/SF- Added:
- Mar 12, 2024
- Days on Market:
- 814
- Last Refresh:
- May 12 at 9:36 pm
Property Features for 105 Floral Vale Blvd
General Information
- Standard status
- Active
- Size
- 5,189 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agent Jesse Dubrow License #RS362355
Listing office MSC Retail
Listing date Mar 12, 2024
Source Crexi
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 MSC Retail
HighLights
- Single‑tenant medical property leased to Harmony Bay, part of the Advantage Behavioral Health Network (ABHN).
- Tenant invested over $500,000 in interior fit‑outs in 2021.
- Tenant responsible for condo association fees, limiting landlord responsibilities.
- Located in the affluent Yardley, PA, with a high average household income of $205,000 within a 3‑mile radius.
- Strategically located in Floral Vale Medical Park, with easy access to I‑295 and Township Line Road.
- Proximity to major healthcare institutions like Jefferson Bucks County Hospital and St. Mary’s Medical Center.
Overview
An investment opportunity exists for the acquisition of the single-tenant Harmony Bay medical property in Yardley, PA. Located at 105 Floral Vale Drive within the Floral Vale Medical Park, this property is part of the Advantage Behavioral Health Network (ABHN), which has over 20 locations nationwide. Harmony Bay invested over $500,000 in interior fit-outs upon signing a lease in 2021. The tenant is responsible for condo association fees, reducing landlord obligations to taxes and roof/structure maintenance. The property is located between I-295 (62,162 VPD) and Township Line Road (10,341 VPD), offering access and proximity to Yardley's healthcare institutions, including Jefferson Bucks County Hospital and St. Mary’s Medical Center. Yardley is an affluent suburb with a population of 50,000 within a 3-mile radius and an average household income of $205,000, with thriving education and retail sectors. The property size is 5189 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.1k | $26.04 |
| − Vacancy | −$26.3k | −$5.08 |
| EGI | $108.8k | $20.96 |
| − OpEx | −$27.2k | −$5.24 |
| NOI | $81.6k | $15.72 |
5,189 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,580 @ 7.0% cap · market cap 5.55%
Second Best
Healthcare Medical
$1.03M
$897.4K – $1.20M
NOI $71,789 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,128 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Sliwinski Christopher MD
Physician
Sliwinski Stanley J ...
Physician
Harmony Bay Psychiatry, ...
Crisis Center
Floral Vale Professional ...
Business Park
Dr. Eugene A. Draganosky, ...
Physician
Location Insight
- Map
- Local Demand
- City
- Yardley
- County
- Bucks
- State
- Pennsylvania
- Longitude
- -74.884046
- Latitude
- 40.220561
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Single-tenant medical property in Yardley, PA, for sale.
Where is this medical office space located?
The property is located at 105 Floral Vale Blvd Yardley, PA.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: Single‑tenant medical property leased to Harmony Bay, part of the Advantage Behavioral Health Network (ABHN).; Tenant invested over $500,000 in interior fit‑outs in 2021.; Tenant responsible for condo association fees, limiting landlord responsibilities.
