Harmony Bay Medical Property
105 Floral Vale Blvd Yardley, PA 19067
105 Floral Vale Blvd, Yardley, PA, 19067
Contact for pricing
For Sale
Contact for pricing
Pending
Single-tenant medical property in Yardley, PA, for sale.
Property Size5,189 SF
Days on Market859
Property Features for 105 Floral Vale Blvd
General Information
- Standard status
- Pending
- Size
- 5,189 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing Agency
MSC Retail
(215) 568-2600
Listed by
Jesse Dubrow · License #RS362355
Source
Crexi
Added: Mar 12, 2024 Checked: Jul 17 at 9:51 am
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 MSC Retail
Investment Insights
Based on property information with market context.
An investment opportunity exists for the acquisition of the single-tenant Harmony Bay medical property in Yardley, PA. Located at 105 Floral Vale Drive within the Floral Vale Medical Park, this property is part of the Advantage Behavioral Health Network (ABHN), which has over 20 locations nationwide. Harmony Bay invested over $500,000 in interior fit-outs upon signing a lease in 2021. The tenant is responsible for condo association fees, reducing landlord obligations to taxes and roof/structure maintenance. The property is located between I-295 (62,162 VPD) and Township Line Road (10,341 VPD), offering access and proximity to Yardley's healthcare institutions, including Jefferson Bucks County Hospital and St. Mary’s Medical Center. Yardley is an affluent suburb with a population of 50,000 within a 3-mile radius and an average household income of $205,000, with thriving education and retail sectors. The property size is 5189 square feet.
Key Highlights
- Single‑tenant medical property leased to Harmony Bay, part of the Advantage Behavioral Health Network (ABHN).
- Tenant invested over $500,000 in interior fit‑outs in 2021.
- Tenant responsible for condo association fees, limiting landlord responsibilities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.1k | $26.04 |
| − Vacancy | −$26.3k | −$5.08 |
| EGI | $108.8k | $20.96 |
| − OpEx | −$27.2k | −$5.24 |
| NOI | $81.6k | $15.72 |
5,189 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,580 @ 7.0% cap · market cap 5.55%
Second Best
Healthcare Medical
$1.03M
$897.4K – $1.20M
NOI $71,789 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,128 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sliwinski Christopher MD
Physician
Sliwinski Stanley J ...
Physician
Harmony Bay Psychiatry, ...
Crisis Center
Floral Vale Professional ...
Business Park
Dr. Eugene A. Draganosky, ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Single-tenant medical property in Yardley, PA, for sale.
Where is this medical office space located?
The property is located at 105 Floral Vale Blvd Yardley, PA.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: Single‑tenant medical property leased to Harmony Bay, part of the Advantage Behavioral Health Network (ABHN).; Tenant invested over $500,000 in interior fit‑outs in 2021.; Tenant responsible for condo association fees, limiting landlord responsibilities.
