Medical Office Building on Route
799 Northern Boulevard Clarks Summit, PA 18411
799 Northern Boulevard, Clarks Summit, PA, 18411
$1,295,000
For Sale
$1,295,000
4,000 SF medical office building near PA Turnpike entrance.
Property Size4,000 SF
Lot Size0.90 Acres
Price / SF$323.75
Days on Market175
Property Features for 799 Northern Boulevard
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.90 Acres
- Property subtype
- Office
Listing agency
Mericle Commercial Real Estate Services
(570) 823-1100
Listed by
Albert Guari · License #AB065633
Source
Tcnworldwide
Added: Jan 27 Updated: Jul 10 at 12:52PM Checked: Jul 21 at 5:31AM
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 Mericle Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This is a 4,000 SF medical office building situated on approximately 0.9 acres. The property is tenant-occupied until September 30, 2027. Located along Route 11, the property is near the entrance to the Pennsylvania Turnpike. An additional 2.7 acres may be purchased with the building for $325,000; however, the land will not be sold without the building. Billboard leases are excluded from the sale, and an easement for billboard access is required.
Key Highlights
- 4,000 SF medical office building
- Located along Route 11 near entrance to PA Turnpike
- 0.9+/- acre lot included
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 | $80.2k | $20.04 |
| − Vacancy | −$11.6k | −$2.91 |
| EGI | $68.5k | $17.13 |
| − OpEx | −$17.1k | −$4.28 |
| NOI | $51.4k | $12.85 |
4,000 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$734.3K
$642.5K – $856.7K
NOI $51,403 @ 7.0% cap · market cap 3.97%
Second Best
Healthcare Medical
$673.9K
$589.6K – $786.2K
NOI $47,170 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.02M
$888.4K – $1.18M
NOI $71,069 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Abington Veterinary Center — 102 Willowbrook Rd, South Abington Township, PA 18411
FAQs
What type of property is this?
Medical Office Space - 4,000 SF medical office building near PA Turnpike entrance.
Where is this medical office space located?
The property is located at 799 Northern Boulevard Clarks Summit, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4,000 SF medical office building; Located along Route 11 near entrance to PA Turnpike; 0.9+/- acre lot included
