Brick Ranch Medical Office
For Sale
$195,000
720 TURNPIKE AVE, Clearfield, PA 16830
Well-maintained brick ranch building previously used for billing and dental office functions on two lots with ample parking.
Property Size1,016 SF
Days on Market300
Property Features for 720 TURNPIKE AVE
General Information
Standard status
Active
Size
1,016 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$2,470
Building Details
Building Size
1,016 SF
Year Built
1975
Listing Agency:
Realty One Group Landmark- Clearfield
Listed By:
Kimberly A Kovall
(814) 592-5966
Source:
Nelsonrealtypa
Added: Nov 10, 2025
Changed: Aug 26
Last Checked: Sep 5 at 8:54AM
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 Realty One Group Landmark- Clearfield
Investment Insights
Based on property information with market context.
This solid brick ranch-style commercial building has been well maintained and was previously used as a billing and dental office. The existing layout is designed to support professional and medical workflows, offering a functional setup for continued office use.
The property sits on two lots, providing ample on-site parking. Additional space on the combined lots also allows for room for future expansion, depending on the intended use and layout planning.
Offered for sale, the building is positioned as a straightforward office property with an established medical-related interior configuration and a practical site arrangement for parking and growth.
The property sits on two lots, providing ample on-site parking. Additional space on the combined lots also allows for room for future expansion, depending on the intended use and layout planning.
Offered for sale, the building is positioned as a straightforward office property with an established medical-related interior configuration and a practical site arrangement for parking and growth.
Key Highlights
- 1975‑built solid brick ranch‑style commercial building
- Previously used as a billing and dental office with a functional layout for professional/medical uses
- Well‑maintained property
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
$11,981
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
6.14%
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%
$239,620
$239.6K
Cap Rate 7%
$171,157
$171.2K
Cap Rate 9%
$133,122
$133.1K
Market Conditions
NOI Build-Up for 1,016 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
$22.3K $21.96/SF
− Vacancy
−$2.3K −$2.31/SF
EGI
$20.0K $19.65/SF
− OpEx
−$8.0K −$7.86/SF
NOI
$12.0K $11.79/SF
Area
Clearfield County, PA
Vacancy
10.50%
Lease Rate
$21.96 /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%
$239,620
Cap Rate 7%
$171,157
Cap Rate 9%
$133,122
Alternative Uses
Best Use
Healthcare Medical
$171.2K
$149.8K – $199.7K
NOI $11,981 @ 7.0% cap · market cap 6.14%
Second Best
Office B
$152.8K
$133.7K – $178.3K
NOI $10,698 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16830, PA
13,121
Population
6,841
Households
1.9
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
132.0 sq mi
ZIP Area
99
Density / Sq Mi
$56,822
Median Household Income
$36,601
Median Earnings
$745
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained brick ranch building previously used for billing and dental office functions on two lots with ample parking.
Where is this medical office space located?
The property is located at 720 TURNPIKE AVE Clearfield, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1975‑built solid brick ranch‑style commercial building; Previously used as a billing and dental office with a functional layout for professional/medical uses; Well‑maintained property
