First-Floor Office
For Sale
$189,900
2370 York Road G3, Jamison, PA 18929
Leased professional suite with private offices, reception space, kitchenette, and dedicated panels on the complex’s main sign.
Property Size900 SF
Price / SF$211
Days on Market9
Property Features for 2370 York Road G3
General Information
Standard status
Active
Size
900 SF
Occupancy
100%
Additional Details
Floor
1
Office Units
1
Amenities
dedicated sign panels
Building Details
Year Built
1989
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Gerald P Hill · License #RM421402
Source:
Upgradebymichaud
Added: Aug 21
Changed: Aug 27
Last Checked: Aug 28 at 12:49PM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This 900-square-foot first-floor office unit was built in 1989 and is configured for professional service use. The interior includes a reception area, sizable waiting room, two private offices, a half bath, kitchenette with storage, and a receptionist station. Improvements include new flooring, updated paint, a new water heater, a new HVAC system, and a newer roof.
The unit is occupied by a spa center under lease through October 31, 2027. It is positioned within the Commonwydds Office Complex on Route 263 in Jamison, next to the U.S. Post Office. Three dedicated panels on the complex’s main sign provide an identifiable presence along the traveled route.
The unit is occupied by a spa center under lease through October 31, 2027. It is positioned within the Commonwydds Office Complex on Route 263 in Jamison, next to the U.S. Post Office. Three dedicated panels on the complex’s main sign provide an identifiable presence along the traveled route.
Key Highlights
- 900 SF first‑floor office unit in a professional office complex
- Lease in place through October 31, 2027, with current spa center occupancy
- Two private offices, reception area, waiting room, half bath, and kitchenette
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
$14,149
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
7.45%
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%
$282,980
$283.0K
Cap Rate 7%
$202,129
$202.1K
Cap Rate 9%
$157,211
$157.2K
Market Conditions
NOI Build-Up for 900 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
$23.4K $26.04/SF
− Vacancy
−$4.6K −$5.08/SF
EGI
$18.9K $20.96/SF
− OpEx
−$4.7K −$5.24/SF
NOI
$14.1K $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%
$282,980
Cap Rate 7%
$202,129
Cap Rate 9%
$157,211
Alternative Uses
Best Use
Office B
$202.1K
$176.9K – $235.8K
NOI $14,149 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.9K
$238.8K – $318.4K
NOI $19,101 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 18929, PA
8,819
Population
3,307
Households
2.7
Avg Household Size
44
Median Age
61%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
1,208
Density / Sq Mi
$174,606
Median Household Income
$83,857
Median Earnings
$1,713
Median Rent
$605,100
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?
Office units - Leased professional suite with private offices, reception space, kitchenette, and dedicated panels on the complex’s main sign.
Where is this office units located?
The property is located at 2370 York Road G3 Jamison, PA.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 900 SF first‑floor office unit in a professional office complex; Lease in place through October 31, 2027, with current spa center occupancy; Two private offices, reception area, waiting room, half bath, and kitchenette
