Building Details

Buildings 2

Units 5

Tenancy Multi

Building Size 2,400 SF

Listing Agency: M.S. Fox Real Estate Group

Listed By: Brett Fox · License #RS320828 Show Phone

Source: Crexi

Added: Jul 30 Changed: Nov 3 Last Checked: Nov 3 at 3:11AM

Report an Issue

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 M.S. Fox Real Estate Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property comprises two buildings combining medical office space with residential apartments. The portfolio includes a 2,400 SF dental office leased on a long-term basis to a national institutional dental group, along with a 4,061 SF apartment building containing four units. All apartments are occupied by long-term tenants, creating a fully leased configuration across the property.

Located at 833 North Bethlehem Pike in Spring House, Pennsylvania, the property sits directly on Bethlehem Pike within the local business corridor. The site is subject to D - Business zoning and brings together medical and residential components within one commercial asset.

Key Highlights

• 2,400 SF dental office leased long term to a national institutional dental group
• 4,061 SF apartment building with four units
• All apartment units occupied by long‑term tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,892

Cap Rate

7.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,037,840 $2.0M

Cap Rate 7%

$1,455,600 $1.5M

Cap Rate 9%

$1,132,133 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,481 SF

Gross rent

$168.8K $26.04/SF

− Vacancy

−$32.9K −$5.08/SF

EGI

$135.9K $20.96/SF

− OpEx

−$34.0K −$5.24/SF

NOI

$101.9K $15.72/SF

Area

Montgomery 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%

$2,037,840

Cap Rate 7%

$1,455,600

Cap Rate 9%

$1,132,133

Alternative Uses

Best Use

Office B

$1.46M

$1.27M – $1.70M (±1% cap)

NOI $101,892 @ 7.0% cap · market cap 7.55%

Second Best

Multifamily LT 5

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,168 @ 7.0% cap · market cap 6.98%

Theoretical Best

Specialty Retail

$3.73M

$3.26M – $4.35M (±1% cap)

NOI $260,956 @ 7.0% cap · market cap 19.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Gurkirt Singh, DMD Dental Office DogFace Provisions (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Hair Salon Grocery & Convenience Store Kitchen & Bath Showroom Auto Parts Store Barber Shop Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

4

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

646

Businesses Nearby

Explore this area Business Placement

Demographics for 19477, PA

126

Population

43

Households

2.9

Avg Household Size

52

Median Age

80%

College-Educated

100%

High-School Grad

0.1 sq mi

ZIP Area

1,260

Density / Sq Mi

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A dental office and occupied apartments share a two-building commercial and residential layout.

Where is this mixed-use property located?

The property is located at 833 North Bethlehem Pike Spring House, PA.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 2,400 SF dental office leased long term to a national institutional dental group; 4,061 SF apartment building with four units; All apartment units occupied by long‑term tenants