Medical Office Building with Second-Floor
New
For Sale
$1,689,000
1568 WOODBOURNE RD #1 1, Levittown, PA 19057
Purpose-built layout includes exam rooms, physician offices, patient reception, storage, and an additional administrative level.
Property Size6,300 SF
Lot Size1.00 Acre
Price / SF$268.10
Days on Market2
Property Features for 1568 WOODBOURNE RD #1 1
General Information
Standard status
Active
Size
6,300 SF
Lot size
1.00 Acre
Zoning
P
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Buildings
1
Stories
2
Building Size
6,300 SF
Tenancy
Single
Listing Agency:
Coldwell Banker Hearthside
(267) 350-5555
Listed By:
Jacqueline Hillgrube
(267) 716-2814
Source:
Hostetterrealty
Added: Sep 7
Last Checked: Sep 8 at 8:47AM
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 Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This approximately 6,300-square-foot medical office property includes more than 5,000 square feet on the first floor and approximately 1,300 square feet above. The main level is arranged for clinical operations with eight examination rooms, a retina diagnostic area, laboratory space, three physician offices, three ADA-compliant restrooms, reception, patient waiting areas, a kitchenette, technology room, and multiple storage areas. The second floor adds more than 600 square feet of flexible space with two private offices, a conference room, kitchen, restroom, and oversized storage room.
Located at 1568 Woodbourne Road in Levittown, the property offers more than 150 feet of road frontage, a monument sign, and daily traffic counts exceeding 25,000 vehicles. Parking is available in front and rear lots. Recent improvements include paved parking areas, a silicone roof, updated rooftop HVAC systems, and an updated hot water heater. The property is zoned P—Professional District and provides access to I-95, Route 1, rail service, and SEPTA bus routes.
Located at 1568 Woodbourne Road in Levittown, the property offers more than 150 feet of road frontage, a monument sign, and daily traffic counts exceeding 25,000 vehicles. Parking is available in front and rear lots. Recent improvements include paved parking areas, a silicone roof, updated rooftop HVAC systems, and an updated hot water heater. The property is zoned P—Professional District and provides access to I-95, Route 1, rail service, and SEPTA bus routes.
Key Highlights
- Approximately 6,300 square feet on approximately one acre
- First floor includes eight examination rooms and three physician offices
- Second floor provides more than 600 square feet of flexible space
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
$99,046
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
5.86%
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%
$1,980,920
$2.0M
Cap Rate 7%
$1,414,943
$1.4M
Cap Rate 9%
$1,100,511
$1.1M
Market Conditions
NOI Build-Up for 6,300 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
$164.1K $26.04/SF
− Vacancy
−$32.0K −$5.08/SF
EGI
$132.1K $20.96/SF
− OpEx
−$33.0K −$5.24/SF
NOI
$99.0K $15.72/SF
Area
Bucks 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%
$1,980,920
Cap Rate 7%
$1,414,943
Cap Rate 9%
$1,100,511
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $99,046 @ 7.0% cap · market cap 5.86%
Second Best
Healthcare Medical
$1.25M
$1.09M – $1.45M
NOI $87,159 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,707 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19057, PA
16,916
Population
6,452
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,845
Density / Sq Mi
$95,089
Median Household Income
$48,682
Median Earnings
$1,518
Median Rent
$299,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built layout includes exam rooms, physician offices, patient reception, storage, and an additional administrative level.
Where is this medical office space located?
The property is located at 1568 WOODBOURNE RD #1 1 Levittown, PA.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: Approximately 6,300 square feet on approximately one acre; First floor includes eight examination rooms and three physician offices; Second floor provides more than 600 square feet of flexible space
