Turnkey Surgery Center
For Sale
Contact for pricing
3729 Nazareth Rd, Easton, PA 18045
Turnkey surgery center fit-out with four operating rooms, treatment rooms, and free on-site parking.
Property Size36,748 SF
Price / SF$163.27
Days on Market561
Property Features for 3729 Nazareth Rd
General Information
Standard status
Active
Size
36,748 SF
Property subtype
OFFICE
Lease Type
NNN
Amenities
free on-site parking
staff locker rooms
Listing Agency:
SVN | Imperial Realty
(484) 245-1000
Listed By:
Gregg Marzano · License ##RS297418
(610) 248-4389
Source:
Moodyscre
Added: Mar 5, 2025
Changed: Sep 2
Last Checked: Sep 16 at 8:03PM
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 SVN | Imperial Realty
Investment Insights
Based on property information with market context.
This facility is a turnkey surgery center fit-out designed for clinical operations, featuring four operating rooms along with pre-op, recovery, and staff locker rooms. The layout also includes turnkey treatment rooms with sinks and multiple beds. Imaging and radiology space is present, and the configuration is described as potentially suitable for a veterinary clinic.
The property offers free on-site parking. It also provides separate utilities and is offered with an NNN lease structure for the on-site tenancy.
Utilities are separated and the built-out clinical areas include dedicated recovery and support spaces, which may support continued use for procedural and treatment-based healthcare needs.
The property offers free on-site parking. It also provides separate utilities and is offered with an NNN lease structure for the on-site tenancy.
Utilities are separated and the built-out clinical areas include dedicated recovery and support spaces, which may support continued use for procedural and treatment-based healthcare needs.
Key Highlights
- Surgery center fit‑out with 4 operating rooms, pre‑op area, recovery, and staff locker rooms
- Includes treatment rooms with sinks
- Imaging and radiology space; possible veterinary clinic use mentioned
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
$268,343
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
4.47%
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%
$5,366,860
$5.4M
Cap Rate 7%
$3,833,471
$3.8M
Cap Rate 9%
$2,981,589
$3.0M
Market Conditions
NOI Build-Up for 36,748 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
$485.1K $13.20/SF
− Vacancy
−$37.8K −$1.03/SF
EGI
$447.2K $12.17/SF
− OpEx
−$178.9K −$4.87/SF
NOI
$268.3K $7.30/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
40.00%
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%
$5,366,860
Cap Rate 7%
$3,833,471
Cap Rate 9%
$2,981,589
Alternative Uses
Best Use
Healthcare Medical
$3.83M
$3.35M – $4.47M
NOI $268,343 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.97M
$6.10M – $8.13M
NOI $487,896 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
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Business Placement
Demographics for 18045, PA
30,317
Population
12,250
Households
2.5
Avg Household Size
46
Median Age
44%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,571
Density / Sq Mi
$109,068
Median Household Income
$57,146
Median Earnings
$1,802
Median Rent
$301,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Turnkey surgery center fit-out with four operating rooms, treatment rooms, and free on-site parking.
Where is this medical center located?
The property is located at 3729 Nazareth Rd Easton, PA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Surgery center fit‑out with 4 operating rooms, pre‑op area, recovery, and staff locker rooms; Includes treatment rooms with sinks; Imaging and radiology space; possible veterinary clinic use mentioned
