Medical Office Suite with ADA
For Sale
Contact for pricing
1600 6th Ave, York, PA 17403
Medical office suite with waiting area, three exam rooms, and an ADA restroom inside a secure office condominium complex.
Property Size67,000 SF
Price / SF$163.16
Days on Market55
Property Features for 1600 6th Ave
General Information
Standard status
Active
Size
67,000 SF
Class
Class A
Property subtype
OFFICE
Amenities
raised floor system
patient drop off area
secure entrances with intercom system
common area restrooms
family waiting areas
Building Details
Building Size
67,000 SF
Listing Agency:
Rock Commercial Real Estate
(717) 854-5357
Listed By:
Greg Finkelstein · License #RS316287
(717) 850-0853
Source:
Moodyscre
Added: Jul 27
Changed: Aug 24
Last Checked: Sep 19 at 6:12AM
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 Rock Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office suite is currently configured with a waiting area, three (3) exam rooms, two (2) offices, a support office, and its own ADA restroom. The suite is a nicely finished condo within the Class A Sixth Avenue Professional Center, which includes a mix of medical and non-medical uses.
The suite is located in a 67,000+ SF office condominium complex designed for patient access and building security. The complex features a raised floor system, a patient drop-off area, and secure entrances with an intercom system. Common-area amenities include restrooms and family waiting areas, and the site is fully ADA compliant with ample parking.
The suite is located in a 67,000+ SF office condominium complex designed for patient access and building security. The complex features a raised floor system, a patient drop-off area, and secure entrances with an intercom system. Common-area amenities include restrooms and family waiting areas, and the site is fully ADA compliant with ample parking.
Key Highlights
- 1,710 SF medical office suite with waiting area and three exam rooms
- Includes two offices plus a support office
- Suite has its own ADA restroom
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
$8,484
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
3.04%
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%
$169,680
$169.7K
Cap Rate 7%
$121,200
$121.2K
Cap Rate 9%
$94,267
$94.3K
Market Conditions
NOI Build-Up for 1,710 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
$15.0K $8.76/SF
− Vacancy
−$839 −$0.49/SF
EGI
$14.1K $8.27/SF
− OpEx
−$5.7K −$3.31/SF
NOI
$8.5K $4.96/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
40.00%
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%
$169,680
Cap Rate 7%
$121,200
Cap Rate 9%
$94,267
Alternative Uses
Best Use
Office B
$389.5K
$340.8K – $454.4K
NOI $27,262 @ 7.0% cap · market cap 9.77%
Second Best
Healthcare Medical
$121.2K
$106.1K – $141.4K
NOI $8,484 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$495.1K
$433.2K – $577.6K
NOI $34,657 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17403, PA
40,344
Population
16,490
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
89%
High-School Grad
20.6 sq mi
ZIP Area
1,958
Density / Sq Mi
$72,233
Median Household Income
$38,105
Median Earnings
$1,072
Median Rent
$206,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite with waiting area, three exam rooms, and an ADA restroom inside a secure office condominium complex.
Where is this medical office space located?
The property is located at 1600 6th Ave York, PA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,710 SF medical office suite with waiting area and three exam rooms; Includes two offices plus a support office; Suite has its own ADA restroom
