Professional Office Condo
506-370 Middletown Blvd Langhorne, PA 19047
506-370 Middletown Blvd, Langhorne, PA, 19047
$230,000
Pending
For Sale
$230,000
Pending
Turnkey office condo with reception, waiting area, six private offices, and storage, set up for medical use in an Oxford Square complex.
Property Size1,216 SF
Days on Market191
Property Features for 506-370 Middletown Blvd
General Information
- Standard status
- Pending
- Size
- 1,216 SF
Listing agency
RE/MAX Properties
(215) 378-3500
Listed by
Connie Kaminski · License #RS206004L
(215) 378-3500
Source
Exprealty
Added: Jan 12 Updated: Jul 22 at 6:43AM Checked: Jul 22 at 6:43AM
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 Properties
Investment Insights
Based on property information with market context.
This professional office condo is currently configured as a doctor’s office and includes a reception area, waiting room, and six private offices. The suite also features multiple storage areas, two bathrooms, and an attic with a large storage space. Sale includes some furniture, and the existing build-out is in place for immediate occupancy or can be readily converted to other office or professional uses.
The property is located in Oxford Square, adjacent to Oxford Valley Mall, with convenient access near Interstate 95 and Route 1.
Permitted uses include dental, medical, accounting, legal, and insurance services. The office is within a condominium association, and the monthly condo fee is $328.85, covering exterior maintenance.
The property is located in Oxford Square, adjacent to Oxford Valley Mall, with convenient access near Interstate 95 and Route 1.
Permitted uses include dental, medical, accounting, legal, and insurance services. The office is within a condominium association, and the monthly condo fee is $328.85, covering exterior maintenance.
Key Highlights
- Professional office condo in Oxford Square adjacent to Oxford Valley Mall
- About 1,216 SF with reception area, waiting room, and six private offices
- Permitted uses include medical, dental, accounting, legal, and insurance services (currently set up for a doctor’s office)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $26.04 |
| − Vacancy | −$6.2k | −$5.08 |
| EGI | $25.5k | $20.96 |
| − OpEx | −$6.4k | −$5.24 |
| NOI | $19.1k | $15.72 |
1,216 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$273.1K
$239.0K – $318.6K
NOI $19,118 @ 7.0% cap · market cap 8.31%
Second Best
Healthcare Medical
$240.3K
$210.3K – $280.4K
NOI $16,823 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$368.7K
$322.6K – $430.1K
NOI $25,808 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turnkey office condo with reception, waiting area, six private offices, and storage, set up for medical use in an Oxford Square complex.
Where is this office units located?
The property is located at 506-370 Middletown Blvd Langhorne, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Professional office condo in Oxford Square adjacent to Oxford Valley Mall; About 1,216 SF with reception area, waiting room, and six private offices; Permitted uses include medical, dental, accounting, legal, and insurance services (currently set up for a doctor’s office)
