Elevator-Served Medical Office
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For Sale
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115 PHEASANT RUN SUITE 218, Newtown, PA 18940
Two-story professional office space offers flexibility for medical or other professional use.
Property Size2,170 SF
Price / SF$0.01
Days on Market7
Property Features for 115 PHEASANT RUN SUITE 218
General Information
Standard status
Active
Size
2,170 SF
Elevators
Yes
Property subtype
Commercial
Building Details
Year Built
2005
Stories
2
Listing Agency:
RE/MAX Properties
(215) 968-7400
Listed By:
Christopher D Terry · License #RM423900
(215) 968-7436
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:07PM
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 RE/MAX Properties
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Investment Insights
Based on property information with market context.
Located in Newtown Business Commons, this 2,170-square-foot medical office suite is within a two-story building completed in 2005. Elevator service provides access to the space, which is suited to medical or professional office use.
Custom interior work may be considered to address tenant requirements.
Custom interior work may be considered to address tenant requirements.
Key Highlights
- 2,170‑square‑foot medical office suite
- Elevator‑served, two‑story building
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,022
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,440
$600.4K
Cap Rate 7%
$428,886
$428.9K
Cap Rate 9%
$333,578
$333.6K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$54.7K $25.20/SF
− Vacancy
−$4.6K −$2.14/SF
EGI
$50.0K $23.06/SF
− OpEx
−$20.0K −$9.22/SF
NOI
$30.0K $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%
$600,440
Cap Rate 7%
$428,886
Cap Rate 9%
$333,578
Alternative Uses
Best Use
Office B
$487.4K
$426.5K – $568.6K
NOI $34,116 @ 7.0% cap · market cap 155,072.73%
Second Best
Healthcare Medical
$428.9K
$375.3K – $500.4K
NOI $30,022 @ 7.0% cap · market cap 136,463.64%
Theoretical Best
Office A
$657.9K
$575.7K – $767.6K
NOI $46,055 @ 7.0% cap · market cap 209,340.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,668
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
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- Graham Jaaron DVM — 107 Penns Trail, Newtown, PA 18940
- Newtown Veterinary Hospital, LLC — 107 Penns Trail, Newtown, PA 18940
- Angela Summers, VMD — 107 Penns Trail, Newtown, PA 18940, United States
- Judith E. Palm, VMD — 107 Penns Trail, Newtown, PA 18940
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story professional office space offers flexibility for medical or other professional use.
Where is this medical office space located?
The property is located at 115 PHEASANT RUN SUITE 218 Newtown, PA.
What are key features of this property?
This property features: 2,170‑square‑foot medical office suite; Elevator‑served, two‑story building; Built in 2005
