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Building Details

Year Built 2008

Listing Agency: Russo Realty Group LLC g***@russocorporation.com Show Phone

Listed By: Edward Dupper · License #8637955 Show Phone

Source: Cummingsrealtors

Added: Aug 24 Changed: Oct 15 Last Checked: Oct 15 at 1:03AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russo Realty Group LLC

Investment Insights

Based on property information with market context.

This 4,403-square-foot medical office suite, built in 2008, is configured for patient care and administrative support. The layout includes a reception and waiting area with coffee service, 10 exam rooms, a rear nurses station, staff break room, large radiology room, and dedicated X-ray developing area. Four patient restrooms and a separate public restroom support daily operations.

Parking for employees and patients is positioned directly in front of the building, providing convenient access to the suite. The existing medical configuration and range of clinical, staff, and public areas create a functional setting for an office-based healthcare operation.

Key Highlights

• 4,403‑square‑foot medical office suite built in 2008
• 10 exam rooms with rear nurses station
• Large radiology room and dedicated X‑ray developing area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,642

Suggested Prices Based on Cap Rates

Cap Rate 5%

$972,840 $972.8K

Cap Rate 7%

$694,886 $694.9K

Cap Rate 9%

$540,467 $540.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,403 SF

Gross rent

$94.0K $21.36/SF

− Vacancy

−$13.0K −$2.95/SF

EGI

$81.1K $18.41/SF

− OpEx

−$32.4K −$7.36/SF

NOI

$48.6K $11.05/SF

Area

Gloucester County, NJ

Vacancy

13.80%

Lease Rate

$21.36 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$972,840

Cap Rate 7%

$694,886

Cap Rate 9%

$540,467

Alternative Uses

Best Use

Office B

$991.9K

$868.0K – $1.16M (±1% cap)

NOI $69,436 @ 7.0% cap · market cap 756.38%

Second Best

Healthcare Medical

$694.9K

$608.0K – $810.7K (±1% cap)

NOI $48,642 @ 7.0% cap · market cap 529.87%

Theoretical Best

Office A

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,602 @ 7.0% cap · market cap 1,128.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Auto Parts Store Kitchen & Bath Showroom Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

309

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 08085, NJ

21,274

Population

7,424

Households

2.9

Avg Household Size

38

Median Age

46%

College-Educated

93%

High-School Grad

44.5 sq mi

ZIP Area

478

Density / Sq Mi

$137,028

Median Household Income

$62,121

Median Earnings

$1,856

Median Rent

$351,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Clinical workspace includes radiology facilities, staff support areas, multiple restrooms, and convenient parking near the entrance.

Where is this medical office space located?

The property is located at 101 LEXINGTON ROAD Swedesboro, NJ.

What are key features of this property?

This property features: 4,403‑square‑foot medical office suite built in 2008; 10 exam rooms with rear nurses station; Large radiology room and dedicated X‑ray developing area