Flexible Office
New
For Sale
$598,000
6550 Lower York Rd Units VR14 & VR15, New Hope, PA 18938
The connected suites can operate as one space or separately, with office, medical, or retail use supported.
Property Size1,576 SF
Days on Market2
Property Features for 6550 Lower York Rd Units VR14 & VR15
General Information
Standard status
Active
Size
1,576 SF
Property subtype
Office
Zoning
TNC
Additional Details
Office Units
2
Property Use
Office
Amenities
handicap access ramp
Building Details
Building Size
1,576 SF
Year Built
1989
Listing Agency:
Coldwell Banker Commercial CBH
Listed By:
Larry Peseski
(215) 357-2880
Source:
Cbcworldwide
Added: Oct 26
Last Checked: Oct 26 at 3:54PM
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 Coldwell Banker Commercial CBH
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two office suites at 6550 Lower York Road are connected but may also be used independently. Their interiors combine mostly open areas with several private offices and substantial storage. Windows on three sides bring natural light into the space, and the property includes two bathrooms, convenient access to parking, and a handicap ramp. Built in 1989, the suites are zoned TNC and support general office, medical office, or retail use.
Key Highlights
- Two office suites can be combined or used separately
- Mostly open interiors with several private offices and extensive storage
- Windows on three sides; two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,777
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,540
$495.5K
Cap Rate 7%
$353,957
$354.0K
Cap Rate 9%
$275,300
$275.3K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$41.0K $26.04/SF
− Vacancy
−$8.0K −$5.08/SF
EGI
$33.0K $20.96/SF
− OpEx
−$8.3K −$5.24/SF
NOI
$24.8K $15.72/SF
Area
Bucks 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 Rate 5%
$495,540
Cap Rate 7%
$353,957
Cap Rate 9%
$275,300
Alternative Uses
Best Use
Office B
$354.0K
$309.7K – $413.0K
NOI $24,777 @ 7.0% cap · market cap 4.14%
Second Best
Healthcare Medical
$311.5K
$272.6K – $363.4K
NOI $21,804 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$477.8K
$418.1K – $557.5K
NOI $33,448 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 18938, PA
14,301
Population
6,369
Households
2.2
Avg Household Size
54
Median Age
67%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
350
Density / Sq Mi
$161,146
Median Household Income
$93,397
Median Earnings
$2,005
Median Rent
$701,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The connected suites can operate as one space or separately, with office, medical, or retail use supported.
Where is this office unit located?
The property is located at 6550 Lower York Rd Units VR14 & VR15 New Hope, PA.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Two office suites can be combined or used separately; Mostly open interiors with several private offices and extensive storage; Windows on three sides; two bathrooms
