Established Medical Practice for
For Sale
Contact for pricing
708 North Jefferson Street, New Castle, PA 16101
Profitable medical practice with experienced staff and established patient base.
Property Size2,000 SF
Price / SF$175
Days on Market113
Property Features for 708 North Jefferson Street
General Information
Standard status
Active
Size
2,000 SF
Class
A
Property subtype
Business for Sale
Zoning
Com
Building Details
Year Built
2009
Units
1
Tenancy
Single
Listing Agency:
REAL of Pennsylvania
Listed By:
Jim Schons · License #PA AB069407
(412) 999-0722
Source:
Crexi
Added: May 13
Changed: Aug 17
Last Checked: Sep 1 at 3:19AM
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 REAL of Pennsylvania
Investment Insights
Based on property information with market context.
This established medical practice is offered for sale, priced below its independent 2021 appraised value of $430,000 at an asking price of $350,000. The practice generates revenue from day one, with collections approaching $2.04 million annually. Scheduling demand is consistently booked out approximately one month in advance, indicating patient loyalty to the practice. The current physicians are committed to remaining for 6 to 12 months post-close, ensuring continuity of referrals, patients, and clinical stability. The experienced front-desk and clinical staff will remain, eliminating recruiting, onboarding, and ramp-up costs. Insurance credentialing is already in place, avoiding months of credentialing delays. The practice is medically focused, offering lean, recurring medical revenue with higher margins and limited local competition. The building size is 2000 square feet. The practice has an established market presence with community trust and referral relationships. The property is located at 708 North Jefferson Street, New Castle, PA 16101.
Key Highlights
- Priced $80,000 Below Appraised Value (2021 FMV: $430,000), offering immediate equity.
- Revenue‑Generating from Day One: Collections approaching $2.04M annually.
- Physician Continuity: Current physicians committed to 6–12 months post‑close.
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
$16,650
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
4.76%
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%
$333,000
$333.0K
Cap Rate 7%
$237,857
$237.9K
Cap Rate 9%
$185,000
$185.0K
Market Conditions
NOI Build-Up for 2,000 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
$30.0K $15.00/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$27.8K $13.88/SF
− OpEx
−$11.1K −$5.55/SF
NOI
$16.7K $8.33/SF
Area
Lawrence County, PA
Vacancy
7.50%
Lease Rate
$15.00 /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%
$333,000
Cap Rate 7%
$237,857
Cap Rate 9%
$185,000
Alternative Uses
Best Use
Healthcare Medical
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.83M
NOI $170,045 @ 7.0% cap · market cap 48.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 16101, PA
31,960
Population
14,755
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
92%
High-School Grad
69.2 sq mi
ZIP Area
462
Density / Sq Mi
$50,481
Median Household Income
$36,670
Median Earnings
$706
Median Rent
$109,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Profitable medical practice with experienced staff and established patient base.
Where is this medical center located?
The property is located at 708 North Jefferson Street New Castle, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Priced $80,000 Below Appraised Value (2021 FMV: $430,000), offering immediate equity.; Revenue‑Generating from Day One: Collections approaching $2.04M annually.; Physician Continuity: Current physicians committed to 6–12 months post‑close.
