Leased Medical Office
New
For Sale
$799,999
2901 Dutton Mill Rd Unit 210, Aston, PA 19014
Fully occupied medical office condominium with established pediatric dental use and net-lease structure.
Property Size3,900 SF
Price / SF$205.13
Days on Market6
Property Features for 2901 Dutton Mill Rd Unit 210
General Information
Standard status
Active
Size
3,900 SF
Building Details
Year Built
2009
Listing Agency:
RE/MAX Ready
(610) 828-6300
Listed By:
William Coates · License #RS347167
Source:
Soldbypattie
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 10:59AM
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 Ready
Investment Insights
Based on property information with market context.
This 3,900 SF medical office condominium was constructed in 2009 and is fully leased to a pediatric dental practice. The practice has operated at the property since 2016 and has exercised a renewal option, supporting continued occupancy. Lease provisions include annual rental increases and reimbursement of many operating expenses by the tenant.
The condominium is located within Dutton Mill Professional Center at 2901 Dutton Mill Rd Unit 210 in Aston, Pennsylvania. Access is available to Routes 452 and 322, I-95, and population centers throughout Delaware County. The property offers an established medical-office tenancy in a professional-center setting, with lease terms that include net-lease features and ongoing rent adjustments.
The condominium is located within Dutton Mill Professional Center at 2901 Dutton Mill Rd Unit 210 in Aston, Pennsylvania. Access is available to Routes 452 and 322, I-95, and population centers throughout Delaware County. The property offers an established medical-office tenancy in a professional-center setting, with lease terms that include net-lease features and ongoing rent adjustments.
Key Highlights
- 3,900 SF medical office condominium
- Fully leased to a pediatric dental practice
- Tenant has operated at the property since 2016
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
$63,938
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
7.99%
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%
$1,278,760
$1.3M
Cap Rate 7%
$913,400
$913.4K
Cap Rate 9%
$710,422
$710.4K
Market Conditions
NOI Build-Up for 3,900 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
$103.0K $26.40/SF
− Vacancy
−$17.7K −$4.54/SF
EGI
$85.3K $21.86/SF
− OpEx
−$21.3K −$5.46/SF
NOI
$63.9K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /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%
$1,278,760
Cap Rate 7%
$913,400
Cap Rate 9%
$710,422
Alternative Uses
Best Use
Office B
$913.4K
$799.2K – $1.07M
NOI $63,938 @ 7.0% cap · market cap 7.99%
Second Best
Healthcare Medical
$794.3K
$695.0K – $926.7K
NOI $55,603 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,771 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19014, PA
21,642
Population
8,177
Households
2.6
Avg Household Size
41
Median Age
35%
College-Educated
96%
High-School Grad
9.3 sq mi
ZIP Area
2,327
Density / Sq Mi
$96,440
Median Household Income
$46,324
Median Earnings
$1,335
Median Rent
$297,300
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 - Fully occupied medical office condominium with established pediatric dental use and net-lease structure.
Where is this medical office space located?
The property is located at 2901 Dutton Mill Rd Unit 210 Aston, PA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 3,900 SF medical office condominium; Fully leased to a pediatric dental practice; Tenant has operated at the property since 2016
