Two-Story Office
For Sale
$825,000
99 TAUNTON Road, Medford, NJ 08055
Commercial Sale, MEDFORD, NJ
Property Size6,150 SF
Lot Size0.74 Acres
Price / SF$134.15
Days on Market315
Property Features for 99 TAUNTON Road
General Information
Property type
Other
Property subtype
Office
Parking
25
Parking features
Parking Lot
High school
SHAWNEE H.S.
Elementary school district
LENAPE REGIONAL HIGH
Middle school district
LENAPE REGIONAL HIGH
High school district
LENAPE REGIONAL HIGH
Standard status
Active
Lot size
0.74 Acres
Taxes and HOA fees
Tax Annual Amount
24000
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1941
Building materials
Vinyl Siding
Listing Agency:
Century 21 Alliance-Medford · Century 21 Real Estate
(609) 654-8797
Listed By:
James Brent Bergman · License #2220233
(609) 320-0572
Added: Oct 28, 2025
Changed: Aug 19
Last Checked: Sep 7 at 3:06PM
MLS# NJBL2098562
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,150-square-foot office property occupies 0.74 acres and was built in 1941. The two-story layout includes seven private offices in varying sizes, along with a separate side entrance serving the upper level. Central air, forced-air heat, vinyl siding, and a dedicated parking lot are included.
The building is currently income-generating with established tenants in place. Its separate upper-level access can accommodate multiple occupants or an owner-occupancy arrangement. The property is located in Medford with access to major routes and the town center, supporting convenient daily access for staff, visitors, and professional users.
The building is currently income-generating with established tenants in place. Its separate upper-level access can accommodate multiple occupants or an owner-occupancy arrangement. The property is located in Medford with access to major routes and the town center, supporting convenient daily access for staff, visitors, and professional users.
Key Highlights
- 6,150‑square‑foot two‑story office building on 0.74 acres
- Seven private offices in varying sizes
- Separate upstairs side entrance for flexible occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,103,460
$1.1M
Cap Rate 7%
$788,186
$788.2K
Cap Rate 9%
$613,033
$613.0K
Market Conditions
NOI Build-Up for 6,150 SF
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.
Gross rent
$82.7K $13.44/SF
− Vacancy
−$9.1K −$1.48/SF
EGI
$73.6K $11.96/SF
− OpEx
−$18.4K −$2.99/SF
NOI
$55.2K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,103,460
Cap Rate 7%
$788,186
Cap Rate 9%
$613,033
Alternative Uses
Best Use
Office B
$788.2K
$689.7K – $919.6K
NOI $55,173 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.86M
$11.25M – $15.01M
NOI $900,383 @ 7.0% cap · market cap 109.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Seven private offices and a separate upper-level entrance support flexible occupancy.
Where is this office building located?
The property is located at 99 TAUNTON Road Medford, NJ.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 6,150‑square‑foot two‑story office building on 0.74 acres; Seven private offices in varying sizes; Separate upstairs side entrance for flexible occupancy
