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    Stratford Office/Medical Building For Sale Title is generated by Realmo AI

    119 E LAUREL ROAD, Stratford, NJ 08084

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    For Sale
    $275,000

    CommercialSale - STRATFORD, NJ

    Property size:
    1,380 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $199/SF
    Added:
    Nov 6, 2024
    Days on Market:
    566
    Last Refresh:
    May 26 at 8:06 pm

    Property Features for 119 E LAUREL ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,380 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7080

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Sid Benstead

    Listing agent Sid Benstead

    Listing office BHHS Fox & Roach Marlton-Voorhees Home Marketing Center 7000 Lincoln Drive East Suite 106, NJ

    Listing date Nov 6, 2024

    MLS# NJCD2079464 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location directly across from Stratford Jefferson Hospital
    • Ideal for medical/professional use with existing layout: reception area, two offices, three exam rooms
    • Ample parking on private lot with ramp access
    • Two‑story layout with lunch room and bookkeeping office on the upper level
    • Central air conditioning and forced air heating
    • Approximately 1,380 sq. ft. with additional basement space

    Overview

    This is an approximately 1,380 square foot office, medical, or professional building. The first floor features a large reception area, two doctor's offices, three exam rooms, and a bathroom. The upper level includes a large lunch room and a bookkeeping office. The property also has a basement. A private lot provides ample parking, and a ramp leads to the first floor. The building is located across from Stratford Jefferson Hospital. The lot size is 0.17 acres.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $215.2K
    NOI $19,365 @ 9.00% cap · cautious / downside scenario
    Moderate
    $276.6K
    NOI $19,365 @ 7.00% cap · market / base-case scenario
    Aggressive
    $387.3K
    NOI $19,365 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $30.3k $21.96
    − Vacancy −$4.5k −$3.25
    EGI $25.8k $18.71
    − OpEx −$6.5k −$4.68
    NOI $19.4k $14.03
    1,380 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $276.6K
    $242.1K – $322.8K (±1% cap)
    NOI $19,365 @ 7.0% cap · market cap 7.04%
    Second Best
    Healthcare Medical
    $241.9K
    $211.6K – $282.2K (±1% cap)
    NOI $16,931 @ 7.0% cap · market cap 6.16%
    Theoretical Best
    Office A
    $349.9K
    $306.2K – $408.2K (±1% cap)
    NOI $24,493 @ 7.0% cap · market cap 8.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waters Hermina Physician Honig Hope S ... Pediatrician Spielberger Catherine S Physician Dr. Sharon D. ... Physician Goldis Geriatrics Geriatric Care Provider

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sterling Veterinary Associates — 312 N White Horse Pike, Stratford, NJ 08084
    • Podolin Michael DVM — 312 N White Horse Pike, Stratford, NJ 08084
    • Sterling Vet Clinic — 312 N White Horse Pike, Stratford, NJ 08084

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0084
    Latitude
    39.830074

    Nearby Similar for Sale

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    • $2,000

      Stratford Office/Medical Property For Sale

      Office/medical property near Stratford Jefferson Hospital, suitable for various uses.
      119 E LAUREL ROAD, STRATFORD, NJ 08084
      View Details
    • $275,000
      1,380 SF

      Office/Medical Building Near Hospital

      1380 SF office/medical building with parking and basement.
      119 E LAUREL ROAD, STRATFORD, NJ 08084
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 1,380 SF office/medical building near Stratford Jefferson Hospital.
    Where is this medical office space located?
    The property is located at 119 E LAUREL ROAD Stratford, NJ.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location directly across from Stratford Jefferson Hospital; Ideal for medical/professional use with existing layout: reception area, two offices, three exam rooms; Ample parking on private lot with ramp access
    (856) 810-5300
    We can help!
    Listing Contact
    Sid Benstead
    Real Estate License ID: RS361696
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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.

    More about this property
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