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    OFF-MARKET
    Office buildings

    891 Baltimore Pike, Springfield, PA 19064-3954

    19,032 SF 0.39 ac lot Built 1945
    Individually Owned 14-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US73-5590542
    Property summary
    AI-generated overview

    This exceptional medical office building, located at 891 Baltimore Pike in Springfield, Pennsylvania (zip code 19064), presents a compelling investment opportunity. The property boasts a total of 13,100 square feet, with 9,100 square feet currently available for lease. The building enjoys high visibility from Baltimore Pike and benefits from its convenient location, just minutes from Interstates 476 and 95, as well as the Philadelphia International Airport. Currently, 4,000 square feet are leased, providing a stable income stream. The strong demographics surrounding the property are highly attractive, with an average household income within a two-mile radius exceeding $95,000 and a population exceeding 373,000 within the same radius. The building offers the potential for monument signage, enhancing visibility and branding opportunities for tenants. This property is classified as an office building with a medical office subtype, making it ideal for a variety of healthcare practices. The building's size and location make it a prime asset for investors seeking a strong return in the thriving Delaware County market. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1945
    Total area 19,032 SF
    Lot 0.39 ac (16,864 SF)
    APN 42-00-00404-01
    UPID US73-5590542
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Joseph A Pagano · 14 yrs held
    Joseph A Pagano
    since 2012
    Last sale
    $250,000
    7 recorded transactions
    2012
    $243,000
    2008
    $2.7M
    2007
    $1.6M
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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