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 Market70
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: Oct 2
Last Checked: Oct 12 at 9:30PM
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 / Yr
$123,306
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
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- Victoria Nelson - Spring House Animal Hospital — 617 N Bethlehem Pike, Ambler, PA 19002
- 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
