Medical Office Property For
For Sale
Contact for pricing
Pending
2010 N Broad St, Lansdale, PA 19446
Single tenant medical office property leased to Jefferson Health.
Property Size8,000 SF
Days on Market191
Property Features for 2010 N Broad St
General Information
Standard status
Pending
Size
8,000 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$216,485
Building Details
Year Built
2018
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marco DiPrinzio · License #327764
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 12 at 2:30PM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
The property is a single-tenant medical office property in Lansdale, Pennsylvania. It is leased to Jefferson Health, which operates under a fee simple triple-net (NNN) lease featuring annual 1% rent escalations throughout the base term. The property is a 2018 build-to-suit for Jefferson and is prominently located along N. Broad Street, a primary commercial corridor with over 16,000 vehicles per day and conveniently sits less than one mile from Jefferson’s Lansdale 140-bed Hospital campus. The facility specializes in vascular surgery, rehabilitation, and physical therapy services, including Physical Therapy, Occupational Therapy, Amputation & Prosthetics, Balance and Vestibular Services, Joint Replacement Rehabilitation, Parkinson’s Disease Therapies, Sports Rehabilitation, Stroke Comprehensive Outpatient Rehabilitation, Urogynecological & Pelvic Floor Treatment, Vestibular/Concussion Therapy, and Workers’ Injury Rehabilitation. Jefferson Health merged with Einstein Healthcare Network in 2021 as part of Jefferson’s strategy to expand its integrated care platform. Jefferson Health has continued its regional growth through its 2024 merger with Lehigh Valley Health Network, creating one of the leading academic health systems in Pennsylvania and New Jersey. The Lansdale outpatient facility benefits from shared referral streams, coordinated care delivery, and system-wide patient capture.
Key Highlights
- Single‑tenant medical office property leased to Jefferson Health (Moody’s: A3).
- Fee simple triple‑net (NNN) lease with annual 1% rent escalations.
- Located less than one mile from Jefferson’s Lansdale 140‑bed Hospital campus.
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
$125,773
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
3.63%
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%
$2,515,460
$2.5M
Cap Rate 7%
$1,796,757
$1.8M
Cap Rate 9%
$1,397,478
$1.4M
Market Conditions
NOI Build-Up for 8,000 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
$208.3K $26.04/SF
− Vacancy
−$40.6K −$5.08/SF
EGI
$167.7K $20.96/SF
− OpEx
−$41.9K −$5.24/SF
NOI
$125.8K $15.72/SF
Area
Montgomery 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%
$2,515,460
Cap Rate 7%
$1,796,757
Cap Rate 9%
$1,397,478
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,773 @ 7.0% cap · market cap 3.63%
Second Best
Healthcare Medical
$1.65M
$1.45M – $1.93M
NOI $115,618 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$4.60M
$4.03M – $5.37M
NOI $322,118 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19446, PA
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,608
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
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 - Single tenant medical office property leased to Jefferson Health.
Where is this medical office space located?
The property is located at 2010 N Broad St Lansdale, PA.
What is the asking price?
The asking price for this property is $3,464,000.
What are key features of this property?
This property features: Single‑tenant medical office property leased to Jefferson Health (Moody’s: A3).; Fee simple triple‑net (NNN) lease with annual 1% rent escalations.; Located less than one mile from Jefferson’s Lansdale 140‑bed Hospital campus.
