Listing Agency: RE/MAX Properties c***@bucksremax.com Show Phone

Listed By: Daniel J McCloskey · License #AB050673L Show Phone

Source: Exprealty

Added: Jan 18 Changed: Oct 8 Last Checked: Oct 19 at 8:07AM

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Investment Insights

Based on property information with market context.

Medical/professional office space in an elevator-served building, located on the second floor. The suite includes several private exam rooms and private offices, plus two bathrooms. The layout also features a waiting room with an attached business office and a separate break room.

Situated within Newtown Office Park, just outside Historic Newtown Borough. The property is described as convenient to everything and offers plenty of parking.

Condo ownership is indicated by a listed condo fee of $734.50 per month.

Key Highlights

• 2675 SF second‑floor medical/professional office in an elevator‑served building
• Includes several private exam rooms and private offices
• Waiting room with attached business office, plus a break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,055

Cap Rate

7.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$841,100 $841.1K

Cap Rate 7%

$600,786 $600.8K

Cap Rate 9%

$467,278 $467.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,675 SF

Gross rent

$69.7K $26.04/SF

− Vacancy

−$13.6K −$5.08/SF

EGI

$56.1K $20.96/SF

− OpEx

−$14.0K −$5.24/SF

NOI

$42.1K $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 Rate 5%

$841,100

Cap Rate 7%

$600,786

Cap Rate 9%

$467,278

Alternative Uses

Best Use

Office B

$600.8K

$525.7K – $700.9K (±1% cap)

NOI $42,055 @ 7.0% cap · market cap 7.26%

Second Best

Healthcare Medical

$528.7K

$462.6K – $616.8K (±1% cap)

NOI $37,008 @ 7.0% cap · market cap 6.39%

Theoretical Best

Office A

$811.0K

$709.7K – $946.2K (±1% cap)

NOI $56,772 @ 7.0% cap · market cap 9.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Auto Parts Store Catering Service Nursing Home Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,123

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 18940, PA

30,280

Population

11,763

Households

2.6

Avg Household Size

47

Median Age

67%

College-Educated

97%

High-School Grad

34.6 sq mi

ZIP Area

875

Density / Sq Mi

$157,591

Median Household Income

$85,895

Median Earnings

$2,227

Median Rent

$623,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Second-floor medical/professional office offering private exam rooms, offices, and a waiting area with break room.

Where is this medical office space located?

The property is located at 221-770 Newtown Yardley Rd Newtown, PA.

What is the asking price?

The asking price for this property is $579,000.

What are key features of this property?

This property features: 2675 SF second‑floor medical/professional office in an elevator‑served building; Includes several private exam rooms and private offices; Waiting room with attached business office, plus a break room