1970 N Broad St Lansdale, PA 19446
Property Lookup
Property profile & analytics
1970 N Broad St Lansdale, PA 19446
- Medical Office Space
- 9,520 SF
- 1.55 lot acres
Property ID
US73-5824753
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Labcorp / Diagnostic Center / Drug Testing Service
- Maureen Gardo / Physician
- Dr. Ryan Weaver / Alternative Medicine Practice
- Morgan Leh / Medical Clinic
- Wilma Santiago / Medical Clinic
Property Details for 1970 N Broad St
- Year built
- 1982
- Lot size
- 1.55 lot acres
- Property size
- 9,520 SF
- Zone code
- C
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 35-00-00973-00-9
- APU
- 350000973009
Description
This exceptional 12,000 square foot medical office building presents a compelling value-add investment opportunity in Lansdale, Pennsylvania. Located at 1970 N Broad St, this property boasts a prime location in Montgomery County, situated on a 1.54-acre lot. The building, constructed in 1982 and recently renovated, is currently 98% occupied by two high-credit tenants: Penn Medicine and LabCorp, providing a strong corporate guarantee. The current lease structure is a triple net (NNN) lease with annual rent bumps of 3%, ensuring consistent income growth. The asking price is $2,640,000, translating to a price per square foot of $220. The property generates a substantial net operating income (NOI) of $228,218, resulting in an attractive cap rate of 8.64%. This presents a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a desirable medical market. The property's strong tenancy, recent renovations, and favorable lease terms make it an ideal investment for both seasoned and emerging investors seeking a secure and profitable addition to their portfolio. The location offers excellent visibility and accessibility, further enhancing its investment appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,295,000
- 6.5%
- $2,115,000
- 7%
- $1,965,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,905,000
Market price range: $683k - $1.91M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,500,000 Current use
- AUTO REPAIR, GARAGE
- $2,815,000 Change: +88% Conversion: Difficult
- RETAIL STORES
- $2,565,000 Change: +71% Conversion: Difficult
- OFFICE BUILDING
- $1,560,000 Change: +4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansdale
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.2645
- Latitude
- 40.2599
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,798
$290,650
$678,430
$969,080
-
$290,650
$678,430
$969,080
