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Corner Lot Medical Office Suite

RUNNEMEDE, NJ 08078 Runnemede, NJ 08078

Claim this Listing
For Sale
$289,000

SINGLE_FAMILY - RUNNEMEDE, NJ

Property size:
1,512 SF
Price / SF:
$191/SF
Added:
Jul 31, 2025
Days on Market:
345
Last Refresh:
Jul 10 at 9:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
1,512 SF

Building Details

Year built
1950

Listing agent Chris Benstead

Listing office BHHS Fox & Roach Marlton-Voorhees Home Marketing Center NJ

Listing date Jul 31, 2025

MLS# NJCD2099010

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.


Investment Insights

Based on property information with market context.

This corner-lot property is currently set up as medical office space and includes a reception area, a doctor’s office, multiple exam rooms or offices (over 8), and two restrooms. The interior has undergone upgrades and is presented in very good condition, including a recently replaced AC unit.

The property also benefits from on-site parking, supporting convenient access for patients and visitors.

While it is currently operated as a chiropractic office, the existing layout is designed to support a range of medical-office configurations within the available room count and amenity base.

Key Highlights

  • 1950‑built property currently used as medical offices (chiropractor)
  • Corner lot with on‑site parking
  • Over 8 exam rooms/office spaces plus reception area

Local Financial Insights For Office B

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $33.2k $21.96
− Vacancy −$4.9k −$3.25
EGI $28.3k $18.71
− OpEx −$7.1k −$4.68
NOI $21.2k $14.03
1,512 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$303.1K
$265.2K – $353.6K (±1% cap)
NOI $21,217 @ 7.0% cap · market cap 7.34%
Second Best
Healthcare Medical
$265.0K
$231.9K – $309.2K (±1% cap)
NOI $18,550 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$383.4K
$335.5K – $447.3K (±1% cap)
NOI $26,836 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

FAQs

What type of property is this?
Medical Office Space - Medical office layout includes reception, doctor’s office, multiple exam rooms, and on-site parking.
Where is this medical office space located?
The property is located at Runnemede, NJ.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1950‑built property currently used as medical offices (chiropractor); Corner lot with on‑site parking; Over 8 exam rooms/office spaces plus reception area
Contact an agent
More about this property
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