Medical Office Space with Dental
For Sale
Contact for pricing
712 S Logan Blvd, Hollidaysburg, PA 16648
Well-maintained medical office with two professional suites, expanded parking, and dedicated lobby space.
Property Size5,094 SF
Price / SF$176.68
Days on Market1369
Property Features for 712 S Logan Blvd
General Information
Standard status
Active
Size
5,094 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Building Details
Buildings
1
Listing Agency:
Lee & Associates | Central Pennsylvania
(717) 695-3840
Listed By:
Bradley Swidler · License ##RS205686L
(717) 208-8669
Source:
Moodyscre
Added: Dec 14, 2022
Changed: Aug 15
Last Checked: Sep 12 at 9:36AM
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 Lee & Associates | Central Pennsylvania
Investment Insights
Based on property information with market context.
Well-maintained medical office offering approximately 5,094 SF of available space. The building features a 12’ x 12’ lobby and two professional office suites designed for dental and related clinical functions. The main suite includes a reception area, ten dental exam rooms, a utility room, dental lab, office, lounge/lunch room, laundry room, conference room, sterilization room, dark room, radiation area, and 2.5 baths. The second suite offers a waiting room/receptionist area, a lab/office, an exam room, lunch room, and a .5 bath.
The property is described as located in a rapid growth area and includes expanded parking. A long-term lease is indicated.
This configuration supports an organized patient flow with exam-room capacity in the main suite and additional exam and lab-related space in the second suite.
The property is described as located in a rapid growth area and includes expanded parking. A long-term lease is indicated.
This configuration supports an organized patient flow with exam-room capacity in the main suite and additional exam and lab-related space in the second suite.
Key Highlights
- Approximately 5,094 SF of available medical office space
- 12’ x 12’ lobby plus two professional office suites
- Main suite includes ten dental exam rooms and a dental lab
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
$58,729
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
6.53%
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%
$1,174,580
$1.2M
Cap Rate 7%
$838,986
$839.0K
Cap Rate 9%
$652,544
$652.5K
Market Conditions
NOI Build-Up for 5,094 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
$107.0K $21.00/SF
− Vacancy
−$9.1K −$1.79/SF
EGI
$97.9K $19.22/SF
− OpEx
−$39.2K −$7.69/SF
NOI
$58.7K $11.53/SF
Area
Blair County, PA
Vacancy
8.50%
Lease Rate
$21.00 /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%
$1,174,580
Cap Rate 7%
$838,986
Cap Rate 9%
$652,544
Alternative Uses
Best Use
Healthcare Medical
$839.0K
$734.1K – $978.8K
NOI $58,729 @ 7.0% cap · market cap 6.53%
Second Best
Office B
$737.2K
$645.1K – $860.1K
NOI $51,604 @ 7.0% cap · market cap 5.73%
Theoretical Best
Warehouse
$6.19M
$5.41M – $7.22M
NOI $433,104 @ 7.0% cap · market cap 48.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16648, PA
15,149
Population
6,849
Households
2.2
Avg Household Size
48
Median Age
40%
College-Educated
96%
High-School Grad
60.0 sq mi
ZIP Area
252
Density / Sq Mi
$76,149
Median Household Income
$45,044
Median Earnings
$1,062
Median Rent
$215,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office with two professional suites, expanded parking, and dedicated lobby space.
Where is this medical office space located?
The property is located at 712 S Logan Blvd Hollidaysburg, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 5,094 SF of available medical office space; 12’ x 12’ lobby plus two professional office suites; Main suite includes ten dental exam rooms and a dental lab
