Medical Office with Exam
New
For Sale
$395,000
4 Terry Drive Suite 18, Newtown, PA 18940
Five treatment rooms with individual sinks are paired with a separate office and reception area.
Property Size1,200 SF
Price / SF$329.17
Days on Market2
Property Features for 4 Terry Drive Suite 18
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Public Transit
Yes
Building Details
Year Built
1982
Construction
brick
Listing Agency:
Opus Elite Real Estate
Listed By:
Paul Salvatore · License #RS215915L
(215) 493-8240
Source:
Kathywolfgang
Added: Nov 4
Last Checked: Oct 5 at 2:48PM
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 Opus Elite Real Estate
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Investment Insights
Based on property information with market context.
Built in 1982, this brick medical office includes five examination rooms, each fitted with a sink, plus an office and reception area. A dedicated parking lot serves the property.
The property is within the ATRIUM subdivision of Newtown Business Commons. It is less than 10 miles from the airport, with a bus stop a mile away and a commuter rail station in the surrounding area.
The property is within the ATRIUM subdivision of Newtown Business Commons. It is less than 10 miles from the airport, with a bus stop a mile away and a commuter rail station in the surrounding area.
Key Highlights
- Five examination rooms, each with its own sink
- Brick construction; built in 1982
- Separate office and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,866
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,320
$377.3K
Cap Rate 7%
$269,514
$269.5K
Cap Rate 9%
$209,622
$209.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.2K $26.04/SF
− Vacancy
−$6.1K −$5.08/SF
EGI
$25.2K $20.96/SF
− OpEx
−$6.3K −$5.24/SF
NOI
$18.9K $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 Rate 5%
$377,320
Cap Rate 7%
$269,514
Cap Rate 9%
$209,622
Alternative Uses
Best Use
Office B
$269.5K
$235.8K – $314.4K
NOI $18,866 @ 7.0% cap · market cap 4.78%
Second Best
Healthcare Medical
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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- Angela Summers, VMD — 107 Penns Trail, Newtown, PA 18940, United States
- Judith E. Palm, VMD — 107 Penns Trail, Newtown, PA 18940
Frequently Asked Questions
What type of property is this?
Medical Office Space - Five treatment rooms with individual sinks are paired with a separate office and reception area.
Where is this medical office space located?
The property is located at 4 Terry Drive Suite 18 Newtown, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Five examination rooms, each with its own sink; Brick construction; built in 1982; Separate office and reception area
