Property profile

17 Blacksmith Rd Newtown, PA 18940

OFF-MARKET
Office buildings
Property ID
US73-0024226
25,952 SF 2.61 ac lot Built 2006
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents four of fourteen available office suites situated on the second floor of a two-story office building in Newtown, PA. The building features convenient elevator access and ample parking for tenants. Each of the available suites ranges from 110 to 149 square feet and is attractively priced at $500 to $600 per month. This inclusive rental rate encompasses all utilities, eliminating unexpected expenses. Tenants enjoy access to a shared break room, a fully equipped coffee bar, a dedicated conference room, and a shared mail/copy room. Furthermore, the building offers inviting common areas complete with comfortable workstations and sofas, fostering a collaborative and productive environment. The individual office spaces are furnished with a desk, chairs, and a bookcase, providing a ready-to-occupy workspace. The property is ideally located with easy access to major roadways, including Interstates 95 and 295, ensuring convenient commuting for employees and clients. The 2.61-acre lot provides ample parking and a pleasant setting for this professional office environment. This is an excellent opportunity for small businesses or individual professionals seeking a well-appointed and cost-effective office solution in a prime Newtown location. Contact us today to schedule a viewing and secure your ideal workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Total area 25,952 SF
Lot 2.61 ac (113,866 SF)
Zoning code LI
APN 29-010-161
UPID US73-0024226

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17 Blacksmith Rd Newtown, PA 18940-2065
Newtown metro Census 105202 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.54M
CAP Approach CAP
$6.70M
Comparable Approach Comparable
$6.27M
Blend (final) Blend
$5.57M

Owner & transaction history

since 2023
Last sale
$5.3M
7 recorded transactions
2023
$5.3M
2023
Price N/A
2006
$4.7M
2005
Price N/A
2004
Price N/A
1997
$245,000
1969
Price N/A

Zoning & alternative use

LI · Newtown, PA
Top alternative use upside
Restaurant $8.4M +29.3%
Apartment house (5+ units) $7.1M +8.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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