Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2520 Green Tech Dr State College, PA 16803

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Medical Office, 6,217 sq ft, I-99 access.

    Lot size:
    6,217 SF

    Property Features for 2520 Green Tech Dr

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,217 SF

    Spaces For Lease

    at 2520 Green Tech Dr, State College, PA 16803 Contact us
    Unit

    $23 /Mo

    Size
    6,217 SF
    Contact us

    We can help!

    Listing Contact
    Michael Baker
    Michael Baker

    Listing Agent: Michael Baker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 6,217 square foot medical office space is ideally located at 2520 Green Tech Drive, Suite B, in State College, Pennsylvania, 16803. The property boasts a single-tenant occupancy and is zoned for Industrial use, benefiting from an I-99 Interchange Overlay. This advantageous zoning provides excellent accessibility and visibility for a medical practice. The building's address is conveniently situated on Green Tech Drive, offering easy access for patients and staff. The property's location in Centre County, PA, places it within a thriving community with a strong demand for healthcare services. The precise location is identified by APN Part of 18-024-,001-,0000-. This single-tenant office space presents a unique opportunity for a medical practice seeking a well-located, spacious, and easily accessible facility. The property type is officially classified as an Office, with a Subtype designation of Medical Office. This listing represents a significant opportunity for a medical professional or group looking to establish or expand their practice in a prime location. The property's size and zoning make it suitable for a variety of medical specialties. Interested parties are encouraged to inquire for further details and to schedule a viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ratner Jeffrey MD Physician Taylor Jr William ... Pediatrician Brian Patrick Oppermann, ... Physician Dr. Howard Aylward Physician Dr. Francesca Okoye Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.918960053335
    Latitude
    40.813380915111

    Nearby Similar for Lease

    • $5,710 /Mo

      State College Office Sublease Opportunity

      Versatile office sublease near Penn State University campus.
      129 S Sparks St, State College, PA 16801
      View Details
    • $14 SF/Yr
      72,745 SF

      E College Ave Office Space

      Versatile office space in a highly visible location.
      2541 E College Ave, State College, PA 16801
      View Details
    • $18 SF/Yr
      72,310 SF

      Office Space For Lease

      Office space for lease in a visible location.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • Sponsored
      New
      Contact for pricing

      PA, State College - Innovation Blvd

      Discover many ways to work your way in PA, State College - Innovation Blvd
      330 Innovation Blvd, University Park, PA 16803
      View Details
    • Sponsored
      New
      Contact for pricing

      Foster Plaza

      Discover many ways to work your way in Foster Plaza
      651 Holiday Dr Plz 5, Greentree, PA 15220
      View Details
    • Contact for pricing

      Class A Office Space Available

      High-quality office space in a professional research park setting.
      330 Innovation Blvd, State College, PA 16803
      View Details
    • Contact for pricing

      Retail Space Near Penn State

      Retail space ideal for grocery, fitness, or medical tenants.
      2222 E College Ave, State College, PA 16801
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime Medical Office, 6,217 sq ft, I-99 access.
    Where is this medical office space located?
    The property is located at 2520 Green Tech Dr State College, PA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 6,217 SF move-in ready medical office space in State College, PA.; Located at 2520 Green Tech Drive, Suite B, in the Patton Forest Corporate Park.; Single-tenant occupancy, zoned for Industrial use with I-99 Interchange Overlay.
    Request Owner's contact information
    2520 Green Tech Dr State College, PA 16803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2520 Green Tech Dr
    State College, PA 16803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2520 Green Tech Dr State College, PA 16803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Baker
    Michael Baker
    Real Estate License ID: RS351082
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!