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Property profile & analytics
FOR SALE
Medical Office Space

2010 N Broad St Lansdale, PA 19446

8,157 SF 0.83 ac lot Built 2018
Entity Owned 11-yr Hold
Property ID
US73-2824162
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, 8,000-square-foot medical office building in Lansdale, Pennsylvania. The property, constructed in 2018 as a build-to-suit for Jefferson Health, boasts a strong 15-year net lease with 8.2 years remaining, featuring 1% annual rent bumps and two five-year renewal options. Located at 2010 N Broad St, in Montgomery County, on a 1.54-acre lot, this property offers a passive ownership structure with no immediate capital expenditures needed. The building benefits from Jefferson Health's strong credit rating (A2) and the stability of a destination-driven medical business model. The tenant, Jefferson Health, merged with Einstein Health in 2021, combining resources and strengthening its market position. The property's location shows consistent population growth, with a 4% increase within a 10-mile radius over the past 12 years and a projected 1.5% growth in the next five years. The current asking price is $2,972,000, representing a 7.00% capitalization rate and a price per square foot of $371.50. The Net Operating Income (NOI) is $208,058, providing a stable and attractive return on investment. This is a rare opportunity to acquire a high-quality, passively managed medical office building with a long-term lease and significant upside potential.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2018
Total area 8,157 SF
Lot 0.83 ac (36,239 SF)
Zoning code C
APN 35-00-00979-00-3
UPID US73-2824162
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
  • Lansdale Home Improvements Construction Company General Contractor
  • Jefferson Health – Lansdale at Broad Street Physician
  • Alfred Trang, DO Physician
  • Aaron G. Ilano, MD Physician
  • Jefferson Moss-Magee Rehabilitation - Lansdale at Broad Street Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$2.09M
Owner & transaction history
2010 Realty Partners LLC · 11 yrs held
2010 Realty Partners LLC
since 2014
Last sale
$2.9M
7 recorded transactions
2017
Price N/A
2014
$385,000
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Class C Residential Residential Apartment Professional Office A Professional Office B Limited Professional Office (LPO) Commercial Business Business (B-2) Business Park Overlay Industrial Floodplain Conservation Transit-Oriented Design Overlay Professional Office and Specialty Restaurant Conservation Overlay Retirement Village Overlay Downtown Business Overl…

Zone name Commercial
General category COMMERCIAL
Zone area 48.86 ac
Source Zoning Code 2018 PDF
Top alternative use upside
Auto repair, garage $2.4M +87.5%
Retail stores $2.2M +70.8%
Office building $1.3M +3.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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