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    62 Main St Yardley, PA 19067-1511
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    Property profile & analytics

    62 Main St, Yardley, PA 19067-1511

    View on Map
    • Medical Office Space
    • 4,254 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US73-2861952
    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.
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Charles O. Dougherty, MD / Pediatrician / Physician
    • Dog Grooming School of Pennsylvania / Vocational School / Training Center
    • rcbcups / Industrial Manufacturer / Production Facility
    • Front Rush, LLC / Corporate Office
    • So Jeong Salon / Hair Salon

    Property Details for 62 Main St

    Year built
    1940
    Lot size
    0.15 lot acres
    Zone code
    C1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    54-003-158
    APU
    54003158

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 24, 2019 — Cameron C Troilo — Deed · related $500k · Covenant Bank
    Jan 27, 2004 $906,000 Cameron Trolio Jhamb,randhir Grant Deed —
    Jan 28, 2002 $760,000 Randhir Jhamb 62 South Main INC Grant Deed —
    — — 62 South Main INC — Deed Of Trust · related $176k · Individual
    — — Cameron C Troilo — Deed Of Trust · related $1.7M · First Service Bank
    — — Cameron C Troilo — Deed Of Trust · related $960k · First Service Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $980,000
      6.5%
      $905,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $585,000
      Market price range: $278k - $896k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,050,000
      Current use
      COMMERCIAL (GENERAL)
      $1,020,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $990,000
      Change: -6% Conversion: Difficult
      OFFICE BUILDING
      $895,000
      Change: -15% Conversion: Easy
      RETAIL STORES
      $845,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Yardley
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.8368
    Latitude
    40.2412
    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
    2024
    $21,455
    $17,040
    $70,960
    $88,000
    -
    $233,424
    $972,051
    $1,205,475

    Comparable in this City

    • Value Estimation
      $1,780,000
      6,324 SF

      69 Main St

      MEDICAL BUILDING
      69 Main St, Yardley, PA 19067-1510
      View Details
    • Value Estimation
      $1,025,000
      8,070 SF

      81 Big Oak Rd

      MEDICAL BUILDING
      81 Big Oak Rd, Yardley, PA 19067-7801
      View Details
    • Value Estimation by Request
      1,454 SF

      333 Oxford Valley Rd

      Medical Office Space
      333 Oxford Valley Rd, Yardley, PA 19067
      View Details
    • Value Estimation by Request
      15,900 SF

      375 Trenton Ave

      Individual retail properties
      375 Trenton Ave, Morrisville, PA 19067
      View Details
    • Value Estimation
      $2,990,000
      25,896 SF

      600 Township Line Rd

      HOMES (RETIRED, NURSING)
      600 Township Line Rd, Yardley, PA 19067-4202
      View Details
    • Value Estimation by Request
      1,332 SF

      26 Bowling Grn Ave

      HOMES (RETIRED, NURSING)
      26 Bowling Grn Ave, Morrisville, PA 19067-1200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      Established Sober Living Facility

      14-bed sober living facility operating for over a decade.
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      110,000 SF

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    • $349,900
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      Professional Office in Floral Vale

      Well-designed office space in a sought-after business community.
      503 Floral Vale Blvd, Morrisville, PA 19067
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    • Contact for pricing
      1.74 Acres

      Morrisville Office Suites - Great Location

      Affordable offices near major highways. Ample parking.
      300 Trenton Ave Unit, Morrisville, PA 19067
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,454 SF

      Oxford Valley Medical Office Suite

      1,454 SF Medical Office Condo, PA
      333 Oxford Valley Rd, Yardley, PA 19067
      View Details
    • New
      $2,475 /Mo

      Multi-Suite Retail-Office Building

      Flexible contiguous suites with private entries and prominent storefront features in a high-visibility setting.
      70-90 W Afton Ave, Yardley, PA 19067
      View Details
    • $2,300 /Mo
      30,492 SF

      Morrisville Office Space For Lease

      Second-floor office space with private offices and convenient location.
      60 E Bridge St, Morrisville, PA 19067
      View Details
    • $1,400 /Mo
      89,734 SF

      Morrisville Commercial Suite For Lease

      1400 SF commercial suite with flexible layout in Morrisville.
      312 W Trenton Ave, Morrisville, PA 19067
      View Details
    • $1,400 /Mo

      Commercial Suite in Morrisville Boro

      1400 SF commercial suite with flexible layout for rent.
      312 W Trenton Ave, Morrisville, PA 19067
      View Details
    • Contact for pricing
      1,487 SF

      Class A Medical Space Available

      Medical space for lease in amenity-rich Morrisville location.
      680 Heacock Rd, Morrisville, PA 19067
      View Details
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    Yardley, PA 19067-1511
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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