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Property profile & analytics
OFF-MARKET
Medical Office Space

1550 Rodney Rd York, PA 17408-9715

10,000 SF 1.84 ac lot Built 1992
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-0727214
Property summary
AI-generated overview

This exceptional investment opportunity presents a 10,000-square-foot medical office building in Shiloh, Pennsylvania, currently leased to UPMC Primary Care & Lab Services under a new 10-year triple-net (NNN) lease commencing December 31, 2024, and expiring December 30, 2034. The property boasts a strong 6.70% cap rate and a substantial $3,000,000 asking price, translating to $300 per square foot. The building, constructed in 1992 and extensively renovated in 2024, sits on a 1.84-acre lot at 1550 Rodney Road, York, PA 17408. The lease includes a favorable 2.5% annual rent increase, providing a hedge against inflation. UPMC, the largest hospital system in Pennsylvania, occupies the entire building (100% occupancy), offering exceptional tenant creditworthiness and stability. Significant capital improvements have been made, including over $777,000 in tenant improvements and landlord investments in the parking lot and a new TPO roof with a 20-year transferable warranty. The property benefits from its strategic location adjacent to the 104-bed UPMC Memorial Hospital, a 2019 construction with all private patient rooms. This presents a compelling investment opportunity with a long-term, secure lease and strong potential for future appreciation.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1992
Total area 10,000 SF
Lot 1.84 ac (80,150 SF)
Zoning code CM
APN 51-000-30-0021.00-00000
UPID US73-0727214
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Shivali Dipam Patel Johnston, DO Alternative Medicine Practice Physician
  • Partners In Family Health Pediatrician Medical Clinic
  • Dr. Adelle G. Kurtz, MD Pediatrician Physician
  • Anne Danielle T. Ford, CRNP Pediatrician Physician
  • Snehal B Patel, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hayward Center LLC · 1 yrs held
Hayward Center LLC
since 2024
Last sale
$2.9M
4 recorded transactions
2024
$2.9M
2023
$1.9M
2014
$1.0M
1969
Price N/A
Zoning & alternative use
CM · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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