Frackville Medical/Office Space
For Sale
Contact for pricing
491 South Lehigh Avenue, Frackville, PA 17931
8,700 SF medical/office space in Frackville, Pennsylvania.
Property Size8,700 SF
Price / SF$283.22
Days on Market173
Property Features for 491 South Lehigh Avenue
General Information
Standard status
Active
Size
8,700 SF
Property subtype
OFFICE
Listing Agency:
Matthews Real Estate Investments Services | New York
(866) 889-0550
Listed By:
Michael Moreno · License #01982943(CA)
(949) 432-4511
Source:
Moodyscre
Added: Apr 28
Changed: Oct 8
Last Checked: Oct 16 at 9:56AM
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 Matthews Real Estate Investments Services | New York
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers 8,700 square feet of space suitable for medical or office use. Located in Frackville, Pennsylvania, the property is part of a major regional academic health system. On August 1st, 2024, Lehigh Valley Health Network merged with Jefferson Health, creating a system with 32 hospitals, over 700 care sites, and approximately 62,000 employees.
Key Highlights
- Premier Health System Operator: Lehigh Valley Health Network merged with Jefferson Health in August 2024.
- Major Regional Academic Health System: Serving Pennsylvania and New Jersey.
- Extensive Network: Features 32 hospitals and over 700 care sites.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,564
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,280
$1.7M
Cap Rate 7%
$1,208,057
$1.2M
Cap Rate 9%
$939,600
$939.6K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$156.6K $18.00/SF
− Vacancy
−$15.7K −$1.80/SF
EGI
$140.9K $16.20/SF
− OpEx
−$56.4K −$6.48/SF
NOI
$84.6K $9.72/SF
Area
Schuylkill County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,280
Cap Rate 7%
$1,208,057
Cap Rate 9%
$939,600
Alternative Uses
Best Use
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,564 @ 7.0% cap · market cap 3.43%
Second Best
Office B
$1.01M
$883.8K – $1.18M
NOI $70,705 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,350 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17931, PA
8,796
Population
2,447
Households
3.6
Avg Household Size
42
Median Age
11%
College-Educated
86%
High-School Grad
5.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$55,636
Median Household Income
$32,353
Median Earnings
$704
Median Rent
$116,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 8,700 SF medical/office space in Frackville, Pennsylvania.
Where is this medical office space located?
The property is located at 491 South Lehigh Avenue Frackville, PA.
What is the asking price?
The asking price for this property is $2,464,050.
What are key features of this property?
This property features: Premier Health System Operator: Lehigh Valley Health Network merged with Jefferson Health in August 2024.; Major Regional Academic Health System: Serving Pennsylvania and New Jersey.; Extensive Network: Features 32 hospitals and over 700 care sites.
