Medical Office
New
For Sale
$1,300,000
225 Erdman Street rear, Bangor, PA 18013
A new roof and HVAC system support professional, medical, or general office use.
Property Size7,794 SF
Price / SF$166.79
Days on Market4
Property Features for 225 Erdman Street rear
General Information
Standard status
Active
Size
7,794 SF
Property subtype
Office
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$28,330
Building Details
Building Size
7,794 SF
Year Built
1994
Listing Agency:
Home Team Real Estate
Listed By:
Jason R. Kocsis
(610) 972-8542
Source:
Bhhspaulfordrealtors
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 4:47PM
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 Home Team Real Estate
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Investment Insights
Based on property information with market context.
This medical office property contains approximately 7,794 square feet and was built in 1994. A new roof and HVAC system are among its building updates. The space is suited to medical, professional, or general office occupancy.
The property is at 225 Erdman Street in Bangor Borough, Pennsylvania, within the Slate Belt area.
The property is at 225 Erdman Street in Bangor Borough, Pennsylvania, within the Slate Belt area.
Key Highlights
- Approximately 7,794 SF of medical office space
- New roof and HVAC system
- Built in 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,843
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,860
$1.6M
Cap Rate 7%
$1,154,900
$1.2M
Cap Rate 9%
$898,256
$898.3K
Market Conditions
NOI Build-Up for 7,794 SF
Gross rent
$116.9K $15.00/SF
− Vacancy
−$9.1K −$1.17/SF
EGI
$107.8K $13.83/SF
− OpEx
−$26.9K −$3.46/SF
NOI
$80.8K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,860
Cap Rate 7%
$1,154,900
Cap Rate 9%
$898,256
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,843 @ 7.0% cap · market cap 6.22%
Second Best
Healthcare Medical
$813.1K
$711.4K – $948.6K
NOI $56,914 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,479 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A new roof and HVAC system support professional, medical, or general office use.
Where is this medical office space located?
The property is located at 225 Erdman Street rear Bangor, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 7,794 SF of medical office space; New roof and HVAC system; Built in 1994
