401 Horsham Rd, Horsham, PA 19044-2013
- Medical Office Space
- 8,686 SF
- 0.79 lot acres
Current Use by Public Records
- Forward Progress Injury Care / Medical Clinic
- Total Performance Physical Therapy / Medical Clinic
- Liberty Urgent Care / Medical Clinic
- Gina Stone / Physician
- Erik Soiferman / Physician
Property Details for 401 Horsham Rd
- Year built
- 2016
- Lot size
- 0.79 lot acres
- Zone code
- LC3
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 36-00-05500-00-8
- APU
- 360005500008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 19, 2025 | $3,575,000 | Skippack Industrial Properties LLC | Zig Horsham LLC | Special Warranty Deed | $2.2M · Univest Bank & Trust Co |
| Jul 31, 2024 | $3,000,000 | Zig Horsham LLC | 401 Horsham Rd Owner LLC | Special Warranty Deed | $2.3M · Sun FCU |
| Jun 25, 2020 | $2,387,000 | Horsham Rd Owner LLC | Cnr Associates I LLC | Grant Deed | — |
| Jun 25, 2020 | — | 401 Horsham Rd Owner LLC | — | Deed · related | $2.6M · First Bk/lake |
| Mar 1, 2017 | — | Cnr Associates I LLC | Cnr Associates I LLC | Quit Claim Deed · related | $1.6M · Branch Bk&tr |
| Dec 23, 2009 | — | Cnr Associates I LLC | — | Trustees Deed · related | $1.2M · Citizens Bank Pennsylvania |
| Sep 25, 2007 | — | Cnr Associates I LLC | Cnr Associates I LLC | Quit Claim Deed | $1.2M · Citizens Bk/pa |
| Oct 15, 2004 | $750,000 | Cnr Associates I LLC | Sonstein,paul & Miriam | Grant Deed | — |
| Feb 9, 2004 | — | Horsham Twp | Sonstein,miriam R | Grant Deed · related | — |
| — | — | 401 Horsham Rd Owner LLC | — | Deed Of Trust · related | $2.6M · First Bk/lake |
| — | — | Cnr Associates I LLC | — | Deed Of Trust · related | $1.6M · Branch Bk&tr |
Description
This exceptional investment opportunity presents a fee-simple ownership of an 8,734 square foot urgent care facility in Horsham, Pennsylvania. The property, built in 2016, boasts a 100% occupancy rate with Liberty Urgent Care under a 15-year NNN lease commencing July 22, 2024, and expiring July 21, 2039. The lease includes two 5-year renewal options, ensuring long-term stability. Rent increases of 5% every three years provide inflation protection and enhance cash flow. The property enjoys a prime location on Horsham Road, near other medical facilities, retail centers, and residential areas, offering excellent visibility and accessibility. The strategic location within the affluent Philadelphia MSA, coupled with a growing demand for urgent care services due to physician shortages and an aging population, makes this a compelling investment. The property's strong financial performance is reflected in its 7.75% cap rate and a current NOI of $294,000. Liberty Urgent Care holds UCAOA accreditation, demonstrating commitment to quality patient care. The tenant's personal guarantee on the lease further strengthens the investment's security. This is a passive investment ideal for out-of-state investors, offering significant long-term returns in a resilient sector of the healthcare industry. The property is conveniently located near major roadways, including the Philadelphia Harrisburg Turnpike, providing easy access for patients and staff. The surrounding area features a high average household income exceeding $100,000 within a one-mile radius and $120,000 within a five-mile radius. The property's asking price is $3,793,548, representing a price per square foot of $434.34.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,000,000
- ML approach
- $3,000,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,090,000
- 6.5%
- $1,930,000
- 7%
- $1,795,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $2,565,000
- RETAIL STORES
- $2,340,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Horsham
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.1378
- Latitude
- 40.1829
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
