ADA-Accessible Medical Office
New
For Sale
$725,000
510 DARBY RD #2A 2B 2C 1ST FLOOR 2A, Havertown, PA 19083
First-floor condominium space offers ADA access, central A/C, elevator service, and dedicated parking.
Property Size3,002 SF
Price / SF$241.51
Days on Market5
Property Features for 510 DARBY RD #2A 2B 2C 1ST FLOOR 2A
General Information
Standard status
Active
Size
3,002 SF
Total Parking Spaces
30
Elevators
Yes
Zoning
C
Additional Details
Floor
1st Floor
Office Units
3
Amenities
central A/C
440V electric service
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
Capital Commercial Real Estate Group
(610) 329-0523
Listed By:
Abigail C Manero · License #AB069254
(610) 329-0523
Source:
Sandrasellstheshore
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 5:29PM
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 Capital Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This medical office condominium comprises contiguous Units 2A, 2B, and 2C on the first floor at 510 Darby Road. The suite contains 3,002 SF and includes ADA accessibility, elevator access, central A/C, and 440V electric service. The space was previously occupied by a medical/office tenant and is configured for continued medical or professional office use.
The property occupies the corner of Darby Road and E. Langhorne Avenue in Havertown, with reported traffic counts of 10,000–15,000 VPD. A private, paved, lighted parking lot provides 30 dedicated spaces. The condominium is zoned C (Commercial), with snow removal, water, and trash included among the operating expenses described for the property.
The property occupies the corner of Darby Road and E. Langhorne Avenue in Havertown, with reported traffic counts of 10,000–15,000 VPD. A private, paved, lighted parking lot provides 30 dedicated spaces. The condominium is zoned C (Commercial), with snow removal, water, and trash included among the operating expenses described for the property.
Key Highlights
- 3,002 SF medical office condominium comprising contiguous Units 2A, 2B, and 2C
- ADA‑accessible first‑floor suite with elevator access
- Central A/C and 440V electric service
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
$38,349
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
5.29%
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%
$766,980
$767.0K
Cap Rate 7%
$547,843
$547.8K
Cap Rate 9%
$426,100
$426.1K
Market Conditions
NOI Build-Up for 3,002 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
$67.7K $22.56/SF
− Vacancy
−$16.6K −$5.53/SF
EGI
$51.1K $17.03/SF
− OpEx
−$12.8K −$4.26/SF
NOI
$38.3K $12.77/SF
Area
Pittsburgh, PA
Vacancy
24.50%
Lease Rate
$22.56 /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%
$766,980
Cap Rate 7%
$547,843
Cap Rate 9%
$426,100
Alternative Uses
Best Use
Office B
$547.8K
$479.4K – $639.2K
NOI $38,349 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$519.7K
$454.7K – $606.3K
NOI $36,377 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$956.1K
$836.6K – $1.12M
NOI $66,925 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19083, PA
36,964
Population
13,752
Households
2.7
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
6,601
Density / Sq Mi
$120,233
Median Household Income
$61,467
Median Earnings
$1,386
Median Rent
$424,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor condominium space offers ADA access, central A/C, elevator service, and dedicated parking.
Where is this medical office space located?
The property is located at 510 DARBY RD #2A 2B 2C 1ST FLOOR 2A Havertown, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,002 SF medical office condominium comprising contiguous Units 2A, 2B, and 2C; ADA‑accessible first‑floor suite with elevator access; Central A/C and 440V electric service
