Medical Office Building For
For Sale
Contact for pricing
712 S Logan Blvd, Hollidaysburg, PA 16648
Well-maintained medical office building with two professional suites.
Property Size5,049 SF
Price / SF$178.25
Days on Market2517
Property Features for 712 S Logan Blvd
General Information
Standard status
Active
Size
5,049 SF
Property subtype
Retail, Office
Listing Agency:
Lee & Associates | Eastern Pennsylvania - Suburban Philadelphia
(717) 208-8669
Listed By:
Bradley Swidler · License #PA RS205686L
Source:
Crexi
Added: Oct 9, 2019
Changed: Aug 24
Last Checked: Aug 28 at 5:28PM
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 Lee & Associates | Eastern Pennsylvania - Suburban Philadelphia
Investment Insights
Based on property information with market context.
This well-maintained medical office building features a 12'x12' lobby and two professional office suites. The main suite includes a reception area, 10 dental exam rooms, a utility room, a dental lab, an office, a lounge/lunch room, a laundry room, a conference room, a sterilization room, a dark room, a radiation area, and two half baths. The second suite offers a waiting room/receptionist area, a lab/office, an exam room, a lunch room, and a half bath. The property is suitable for medical office space and other commercial real estate purposes. The building has a size of 5,049 square feet.
Key Highlights
- Well‑maintained medical office building.
- Main suite with 10 dental exam rooms.
- Includes a second professional office suite.
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
$58,210
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
6.47%
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%
$1,164,200
$1.2M
Cap Rate 7%
$831,571
$831.6K
Cap Rate 9%
$646,778
$646.8K
Market Conditions
NOI Build-Up for 5,049 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
$106.0K $21.00/SF
− Vacancy
−$9.0K −$1.79/SF
EGI
$97.0K $19.22/SF
− OpEx
−$38.8K −$7.69/SF
NOI
$58.2K $11.53/SF
Area
Blair County, PA
Vacancy
8.50%
Lease Rate
$21.00 /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%
$1,164,200
Cap Rate 7%
$831,571
Cap Rate 9%
$646,778
Alternative Uses
Best Use
Healthcare Medical
$831.6K
$727.6K – $970.2K
NOI $58,210 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$730.7K
$639.4K – $852.5K
NOI $51,148 @ 7.0% cap · market cap 5.68%
Theoretical Best
Warehouse
$6.13M
$5.37M – $7.15M
NOI $429,278 @ 7.0% cap · market cap 47.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16648, PA
15,149
Population
6,849
Households
2.2
Avg Household Size
48
Median Age
40%
College-Educated
96%
High-School Grad
60.0 sq mi
ZIP Area
252
Density / Sq Mi
$76,149
Median Household Income
$45,044
Median Earnings
$1,062
Median Rent
$215,300
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 medical office building with two professional suites.
Where is this medical office space located?
The property is located at 712 S Logan Blvd Hollidaysburg, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Well‑maintained medical office building.; Main suite with **10 dental exam rooms**.; Includes a second professional office suite.
