Single-Story NNN Medical
For Sale
Contact for pricing
51 S Pine Street, Elverson, PA 19520
Four established operators occupy the building under new triple-net leases with annual rent escalations and renewal options.
Property Size20,000 SF
Price / SF$205
Days on Market8
Property Features for 51 S Pine Street
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Retail, Office
Occupancy
100%
Additional Details
Office Units
4
Building Details
Buildings
1
Stories
1
Building Size
20,000 SF
Tenancy
Multi
Listing Agency:
VRA Realty Commercial
Listed By:
Brady Carroll · License #RS318466
(610) 291-9895
Source:
Crexi
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 16 at 1:57PM
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 VRA Realty Commercial
Investment Insights
Based on property information with market context.
This 20,000-square-foot, single-story commercial building at 51 S Pine Street is fully occupied by four established service-based operators spanning urgent care and primary care, fitness, physical therapy, and chiropractic services. The occupants are A-Z Urgent Care / Primary Care, A-Z Fitness, Kinetic Physical Therapy, and a chiropractic practice.
Each tenancy is structured under a new triple-net lease with 3.0% annual rent escalations and two renewal options. A-Z Urgent Care / Primary Care leases 10,000 square feet while using 8,000 square feet for its operations, leaving 2,000 square feet within its leased area that may support a future sublease arrangement. The property is located in Elverson, Pennsylvania, at 51 S Pine Street.
Each tenancy is structured under a new triple-net lease with 3.0% annual rent escalations and two renewal options. A-Z Urgent Care / Primary Care leases 10,000 square feet while using 8,000 square feet for its operations, leaving 2,000 square feet within its leased area that may support a future sublease arrangement. The property is located in Elverson, Pennsylvania, at 51 S Pine Street.
Key Highlights
- 20,000‑square‑foot single‑story commercial building
- 100% occupied by four established service‑based operators
- New triple‑net leases with 3.0% annual rent escalations
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
$314,433
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
7.67%
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%
$6,288,660
$6.3M
Cap Rate 7%
$4,491,900
$4.5M
Cap Rate 9%
$3,493,700
$3.5M
Market Conditions
NOI Build-Up for 20,000 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
$520.8K $26.04/SF
− Vacancy
−$101.6K −$5.08/SF
EGI
$419.2K $20.96/SF
− OpEx
−$104.8K −$5.24/SF
NOI
$314.4K $15.72/SF
Area
Chester 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 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%
$6,288,660
Cap Rate 7%
$4,491,900
Cap Rate 9%
$3,493,700
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,433 @ 7.0% cap · market cap 7.67%
Second Best
Healthcare Medical
$4.43M
$3.88M – $5.17M
NOI $310,003 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$6.06M
$5.31M – $7.07M
NOI $424,466 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 19520, PA
5,932
Population
2,532
Households
2.3
Avg Household Size
50
Median Age
36%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
158
Density / Sq Mi
$98,882
Median Household Income
$50,474
Median Earnings
$1,111
Median Rent
$403,600
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Four established operators occupy the building under new triple-net leases with annual rent escalations and renewal options.
Where is this nnn property located?
The property is located at 51 S Pine Street Elverson, PA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 20,000‑square‑foot single‑story commercial building; 100% occupied by four established service‑based operators; New triple‑net leases with 3.0% annual rent escalations
