Medical Office
For Sale
$1,689,000
1568 Woodbourne Road Unit 1, Levittown, PA 19057
Two-level facility includes exam rooms, physician offices, diagnostic space, and substantial onsite parking.
Property Size6,300 SF
Lot Size1.00 Acre
Price / SF$268.10
Days on Market9
Property Features for 1568 Woodbourne Road Unit 1
General Information
Standard status
Active
Size
6,300 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
P
Lease Term
[]
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Building Details
Year Built
1987
Buildings
1
Stories
2
Building Size
6,300 SF
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Coldwell Banker Hearthside
(267) 350-5555
Listed By:
Jacqueline Hillgrube
Source:
Deepcreeklake
Added: Aug 15
Changed: Aug 23
Last Checked: Aug 23 at 8:51AM
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.
Located at 1568 Woodbourne Road, this approximately 6,300-square-foot medical office property occupies approximately one acre and provides more than 5,000 square feet on the first floor, with approximately 1,300 square feet above. The first level includes eight examination rooms, a retina diagnostic area, laboratory space, three physician offices, three ADA-compliant restrooms, reception and waiting areas, a kitchenette, storage, and dedicated technology and electrical rooms. The second floor adds more than 600 square feet of open area, two private offices, a conference room, kitchen, restroom, and oversized storage.
Recent property updates include paved parking areas, a silicone roof, rooftop HVAC systems, and a hot water heater. A lighted monument sign and more than 150 feet of frontage support roadside exposure on Woodbourne Road, where traffic exceeds 25,000 vehicles daily. Jefferson Health is approximately 1.8 miles away, St. Mary Medical Center is 5 miles away, and Capital Health’s main campus is 12 miles away. The property is zoned P – Professional District and offers access to I-95, Route 1, rail service, and SEPTA bus routes.
Recent property updates include paved parking areas, a silicone roof, rooftop HVAC systems, and a hot water heater. A lighted monument sign and more than 150 feet of frontage support roadside exposure on Woodbourne Road, where traffic exceeds 25,000 vehicles daily. Jefferson Health is approximately 1.8 miles away, St. Mary Medical Center is 5 miles away, and Capital Health’s main campus is 12 miles away. The property is zoned P – Professional District and offers 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 8 examination rooms, 3 physician offices, and 3 ADA‑compliant restrooms
- More than 600 square feet of second‑floor open space with 2 private offices and a conference room
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
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
451
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 - Two-level facility includes exam rooms, physician offices, diagnostic space, and substantial onsite parking.
Where is this medical office space located?
The property is located at 1568 Woodbourne Road Unit 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 8 examination rooms, 3 physician offices, and 3 ADA‑compliant restrooms; More than 600 square feet of second‑floor open space with 2 private offices and a conference room
