Elevator-Served Medical
For Sale
$579,000
221-770 Newtown Yardley Rd, Newtown, PA 18940
Second-floor medical/professional office offering private exam rooms, offices, and a waiting area with break room.
Property Size2,675 SF
Price / SF$216.45
Days on Market230
Property Features for 221-770 Newtown Yardley Rd
General Information
Standard status
Active
Size
2,675 SF
Taxes and HOA fees
Annual Taxes
$10,599
Listing Agency:
RE/MAX Properties
(215) 968-7400
Listed By:
Daniel J McCloskey · License #AB050673L
(215) 669-8333
Source:
Exprealty
Added: Jan 18
Changed: Aug 20
Last Checked: Sep 4 at 12:01PM
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 RE/MAX Properties
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.
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 = 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
$42,055
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
7.26%
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%
$841,100
$841.1K
Cap Rate 7%
$600,786
$600.8K
Cap Rate 9%
$467,278
$467.3K
Market Conditions
NOI Build-Up for 2,675 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
$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 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%
$841,100
Cap Rate 7%
$600,786
Cap Rate 9%
$467,278
Alternative Uses
Best Use
Office B
$600.8K
$525.7K – $700.9K
NOI $42,055 @ 7.0% cap · market cap 7.26%
Second Best
Healthcare Medical
$528.7K
$462.6K – $616.8K
NOI $37,008 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$811.0K
$709.7K – $946.2K
NOI $56,772 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
