Professional Office Building For
For Sale
$135,000
247 Filbert St, Milton, PA 17847
Professional office building suitable for a smaller business.
Property Size768 SF
Price / SF$175.78
Days on Market144
Property Features for 247 Filbert St
General Information
Standard status
Active
Size
768 SF
Taxes and HOA fees
Annual Taxes
$2,642
Listing Agency:
BOWEN AGENCY INC., REALTORS - SUNBURY
(570) 274-7544
Listed By:
Aimee Jo Buehner · License #AB067406
(570) 274-7544
Source:
Exprealty
Added: Apr 10
Changed: Aug 28
Last Checked: Aug 30 at 10:38PM
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 BOWEN AGENCY INC., REALTORS - SUNBURY
Investment Insights
Based on property information with market context.
This professional office building is available for purchase and ready for immediate use. It features a paved parking area and a shed. The property is located within a flood zone. It is suitable for a smaller business or as a satellite location. The property is zoned for central business, and prospective buyers should verify approved uses. According to county assessment data, the building has a size of 768 square feet.
Key Highlights
- Professional office building ready for use
- Paved parking area
- Suitable for a smaller business or satellite location
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
$8,343
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
6.18%
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%
$166,860
$166.9K
Cap Rate 7%
$119,186
$119.2K
Cap Rate 9%
$92,700
$92.7K
Market Conditions
NOI Build-Up for 768 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
$13.1K $17.04/SF
− Vacancy
−$2.0K −$2.56/SF
EGI
$11.1K $14.48/SF
− OpEx
−$2.8K −$3.62/SF
NOI
$8.3K $10.86/SF
Area
Northumberland County, PA
Vacancy
15.00%
Lease Rate
$17.04 /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%
$166,860
Cap Rate 7%
$119,186
Cap Rate 9%
$92,700
Alternative Uses
Best Use
Office B
$119.2K
$104.3K – $139.1K
NOI $8,343 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$934.5K
$817.7K – $1.09M
NOI $65,415 @ 7.0% cap · market cap 48.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 17847, PA
11,703
Population
5,341
Households
2.2
Avg Household Size
45
Median Age
17%
College-Educated
93%
High-School Grad
46.3 sq mi
ZIP Area
253
Density / Sq Mi
$56,582
Median Household Income
$36,028
Median Earnings
$835
Median Rent
$185,400
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?
Office building - Professional office building suitable for a smaller business.
Where is this office building located?
The property is located at 247 Filbert St Milton, PA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Professional office building ready for use; Paved parking area; Suitable for a smaller business or satellite location
