Versatile Office Space For
For Sale
$799,000
1355 Veterans Memorial Dr, Jessup, PA 18434
6,000 sq ft office space ideal for medical or professional.
Property Size6,000 SF
Price / SF$133.17
Days on Market160
Property Features for 1355 Veterans Memorial Dr
General Information
Standard status
Active
Size
6,000 SF
Building Details
Year Built
2006
Listing Agency:
Real of Pennsylvania
Listed By:
Colin Striefsky · License #RS346771
(570) 510-3494
Source:
Revolvepa
Added: May 20
Changed: Oct 14
Last Checked: Oct 5 at 8:56PM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This property features 6,000 sq ft of office space. Currently configured as a physician's office, the space includes 5 exam rooms and multiple private offices. The layout is functional and versatile, making it suitable for medical, professional, or service-based businesses. An additional 3,000 sq ft of adjoining space is available, offering potential for expansion, a second business, or customized build-out.
Key Highlights
- Expansive 3,000 sq ft of prime office space.
- Currently configured as a physician's office with 5 exam rooms and multiple private offices.
- Functional and versatile layout** ideal for medical, professional, or service‑based use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,755
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,100
$1.4M
Cap Rate 7%
$1,010,786
$1.0M
Cap Rate 9%
$786,167
$786.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$131.8K $21.96/SF
− Vacancy
−$13.8K −$2.31/SF
EGI
$117.9K $19.65/SF
− OpEx
−$47.2K −$7.86/SF
NOI
$70.8K $11.79/SF
Area
Lackawanna County, PA
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,100
Cap Rate 7%
$1,010,786
Cap Rate 9%
$786,167
Alternative Uses
Best Use
Office B
$1.10M
$963.8K – $1.29M
NOI $77,104 @ 7.0% cap · market cap 9.65%
Second Best
Healthcare Medical
$1.01M
$884.4K – $1.18M
NOI $70,755 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,604 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18434, PA
4,093
Population
1,902
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
671
Density / Sq Mi
$60,396
Median Household Income
$43,304
Median Earnings
$902
Median Rent
$164,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 6,000 sq ft office space ideal for medical or professional.
Where is this medical office space located?
The property is located at 1355 Veterans Memorial Dr Jessup, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Expansive 3,000 sq ft of prime office space.; Currently configured as a physician's office with **5 exam rooms and multiple private offices**.; Functional and versatile layout** ideal for medical, professional, or service‑based use.
