Freestanding Medical Office
405 W WAYNE AVE, Wayne, PA 19018
For Sale
Contact for pricing
The property includes office space on two floors, a full basement, and on-site parking.
Property Size3,904 SF
Lot Size0.40 Acres
Price / SF$384.22
Days on Market14
Property Features for 405 W WAYNE AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Compass
Listed By:
Kyle Miller · License PA PARS318301
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:28PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office property at 405 W Wayne Ave in Wayne, Pennsylvania, contains 3,904 square feet on approximately 0.4 acres. The building has 2,530 square feet on the ground floor, 1,374 square feet on the second floor, and a full basement. Nine parking spaces are on site.
The property sits just off Conestoga Road, where traffic is approximately 16,000 vehicles per day, and Lancaster Avenue, also designated Route 30, where traffic is approximately 22,000 vehicles per day.
The property sits just off Conestoga Road, where traffic is approximately 16,000 vehicles per day, and Lancaster Avenue, also designated Route 30, where traffic is approximately 22,000 vehicles per day.
Key Highlights
- 3,904‑square‑foot freestanding medical office building on approximately 0.4 acres
- 2,530 square feet on the ground floor and 1,374 square feet on the second floor
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,312
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,426,240
$1.4M
Cap Rate 7%
$1,018,743
$1.0M
Cap Rate 9%
$792,356
$792.4K
Market Conditions
NOI Build-Up for 3,904 SF
Gross rent
$110.6K $28.32/SF
− Vacancy
−$15.5K −$3.96/SF
EGI
$95.1K $24.36/SF
− OpEx
−$23.8K −$6.09/SF
NOI
$71.3K $18.27/SF
Area
Delaware County, PA
Vacancy
14.00%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,426,240
Cap Rate 7%
$1,018,743
Cap Rate 9%
$792,356
Alternative Uses
Best Use
Office B
$1.02M
$891.4K – $1.19M
NOI $71,312 @ 7.0% cap · market cap 4.75%
Second Best
Healthcare Medical
$795.1K
$695.8K – $927.7K
NOI $55,660 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,666 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,515
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Delaware County, PA
Properties on Market for Medical Office Space in Delaware County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- St. George Hunt Memorial Veterinary Hospital — 405 W Wayne Ave, Wayne, PA 19087
- Dr. Len Donato — 107 N Aberdeen Ave, Wayne, PA 19087
- Radnor Veterinary Hospital: Mc Grath Meghan DVM — 107 N Aberdeen Ave, Wayne, PA 19087
- Radnor Veterinary Hospital: Szanto Jeffrey DVM — 107 N Aberdeen Ave, Wayne, PA 19087
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property includes office space on two floors, a full basement, and on-site parking.
Where is this medical office space located?
The property is located at 405 W WAYNE AVE Wayne, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,904‑square‑foot freestanding medical office building on approximately 0.4 acres; 2,530 square feet on the ground floor and 1,374 square feet on the second floor; Full basement
