Medical Office Building on Route
For Sale
$1,295,000
799 Northern Boulevard, Clarks Summit, PA 18411
4,000 SF medical office building near PA Turnpike entrance.
Property Size4,000 SF
Lot Size0.90 Acres
Price / SF$323.75
Days on Market205
Property Features for 799 Northern Boulevard
General Information
Standard status
Active
Size
4,000 SF
Class
C
Lot size
0.90 Acres
Property subtype
Office
Building Details
Building Size
4,000 SF
Listing Agency:
Mericle Commercial Real Estate Services
(570) 823-1100
Listed By:
Albert Guari · License #AB065633
Source:
Tcnworldwide
Added: Jan 27
Changed: Aug 20
Last Checked: Aug 20 at 5:35AM
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 Mericle Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This is a 4,000 SF medical office building situated on approximately 0.9 acres. The property is tenant-occupied until September 30, 2027. Located along Route 11, the property is near the entrance to the Pennsylvania Turnpike. An additional 2.7 acres may be purchased with the building for $325,000; however, the land will not be sold without the building. Billboard leases are excluded from the sale, and an easement for billboard access is required.
Key Highlights
- 4,000 SF medical office building
- Located along Route 11 near entrance to PA Turnpike
- 0.9+/- acre lot included
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
$51,403
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
3.97%
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%
$1,028,060
$1.0M
Cap Rate 7%
$734,329
$734.3K
Cap Rate 9%
$571,144
$571.1K
Market Conditions
NOI Build-Up for 4,000 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
$80.2K $20.04/SF
− Vacancy
−$11.6K −$2.91/SF
EGI
$68.5K $17.13/SF
− OpEx
−$17.1K −$4.28/SF
NOI
$51.4K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,028,060
Cap Rate 7%
$734,329
Cap Rate 9%
$571,144
Alternative Uses
Best Use
Office B
$734.3K
$642.5K – $856.7K
NOI $51,403 @ 7.0% cap · market cap 3.97%
Second Best
Healthcare Medical
$673.9K
$589.6K – $786.2K
NOI $47,170 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.02M
$888.4K – $1.18M
NOI $71,069 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18411, PA
22,851
Population
9,375
Households
2.4
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
55.4 sq mi
ZIP Area
412
Density / Sq Mi
$96,471
Median Household Income
$51,224
Median Earnings
$1,253
Median Rent
$274,200
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 - 4,000 SF medical office building near PA Turnpike entrance.
Where is this medical office space located?
The property is located at 799 Northern Boulevard Clarks Summit, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4,000 SF medical office building; Located along Route 11 near entrance to PA Turnpike; 0.9+/- acre lot included
