PetVet-Anchored Medical Office
For Sale
Contact for pricing
617 North Bethlehem Pike, Ambler, PA 19002
Multi-tenant medical office property with established veterinary occupancy and professional commercial zoning.
Property Size8,532 SF
Price / SF$166.43
Days on Market24
Property Features for 617 North Bethlehem Pike
General Information
Standard status
Active
Size
8,532 SF
Class
B
Total Parking Spaces
26
Property subtype
Office
Zoning
Business (D), Lower Pike Overlay (LPO) - Designed to accommodate general commercial, professional
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$99,429
Building Details
Year Built
2001
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Greysteel Company LLC
Listed By:
Nate Cleland · License #RS304039
Source:
Crexi
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 3:59PM
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 Greysteel Company LLC
Investment Insights
Based on property information with market context.
Located at 617 North Bethlehem Pike in Ambler, Pennsylvania, this 8,532-square-foot medical office property was constructed in 2001. The building is configured for multiple tenants and includes PetVet as the identified anchor occupant.
Zoning is Business (D) with the Lower Pike Overlay (LPO), designed to accommodate general commercial and professional uses. The property combines a medical office format with an established anchor and a multi-tenant configuration.
Zoning is Business (D) with the Lower Pike Overlay (LPO), designed to accommodate general commercial and professional uses. The property combines a medical office format with an established anchor and a multi-tenant configuration.
Key Highlights
- 8,532‑square‑foot medical office property
- PetVet identified as the anchor occupant
- Multi‑tenant building configuration
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
$123,306
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
8.68%
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%
$2,466,120
$2.5M
Cap Rate 7%
$1,761,514
$1.8M
Cap Rate 9%
$1,370,067
$1.4M
Market Conditions
NOI Build-Up for 8,532 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
$222.2K $26.04/SF
− Vacancy
−$16.7K −$1.95/SF
EGI
$205.5K $24.09/SF
− OpEx
−$82.2K −$9.63/SF
NOI
$123.3K $14.45/SF
Area
Montgomery County, PA
Vacancy
7.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$2,466,120
Cap Rate 7%
$1,761,514
Cap Rate 9%
$1,370,067
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,137 @ 7.0% cap · market cap 9.45%
Second Best
Healthcare Medical
$1.76M
$1.54M – $2.06M
NOI $123,306 @ 7.0% cap · market cap 8.68%
Theoretical Best
Specialty Retail
$4.91M
$4.29M – $5.73M
NOI $343,539 @ 7.0% cap · market cap 24.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19002, PA
33,279
Population
12,607
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
98%
High-School Grad
20.2 sq mi
ZIP Area
1,647
Density / Sq Mi
$140,070
Median Household Income
$70,319
Median Earnings
$1,605
Median Rent
$558,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Joan Giresi - Spring House Animal Hospital — 617 N Bethlehem Pike, Ambler, PA 19002
- Joshua Powell - Spring House Animal Hospital — 617 N Bethlehem Pike, Ambler, PA 19002
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant medical office property with established veterinary occupancy and professional commercial zoning.
Where is this medical office space located?
The property is located at 617 North Bethlehem Pike Ambler, PA.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: 8,532‑square‑foot medical office property; PetVet identified as the anchor occupant; Multi‑tenant building configuration
