Two-Story Professional Office
For Sale
$950,000
1118 Tilton Road, Northfield, NJ 08225
COMMERCIAL - Northfield, NJ
Property Size2,000 SF
Lot Size0.39 Acres
Price / SF$475
Days on Market52
Property Features for 1118 Tilton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Laundry Room, Basement
Interior features
Smoke/Fire Alarm
Lot features
Business District, Corner
Directions
Building is located on the right hand side of Tilton Rd, just past TD Bank.
Subdivision
Northfield City
Standard status
Active
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12256
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Flooring type
Hardwood, Linoleum
Listing Agency:
HomeSmart First Advantage Realty - Northfield
(609) 645-6000
Listed By:
Martin Petranov · License #2077998
(609) 271-4748
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 29 at 4:06AM
MLS# 609724
Copyright © 2026 South Jersey Shore Regional 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.
Well-maintained, two-story medical/professional office building offering a flexible layout currently operating as a nail salon. The property includes approximately 2,000 square feet, built in 1980, and sits on approximately 0.39 acres. Interior features include smoke/fire alarm, with linoleum and hardwood flooring. Heating is natural gas forced air, and cooling is electric central air. Public water and public sewer service are available, and the building includes a basement and a laundry room.
Located on busy Tilton Road in Northfield’s commercial corridor, the property is positioned for visibility and convenient access. On-site parking is available, and the building offers easy access to the Garden State Parkway and the Atlantic City Expressway.
The flexible floor plan is well suited for medical, dental, professional, or administrative office use. There is no lease agreement in place, and the business currently operates on a month-to-month basis; the listed price does not include the purchase of the business. The property is offered in AS IS condition.
Located on busy Tilton Road in Northfield’s commercial corridor, the property is positioned for visibility and convenient access. On-site parking is available, and the building offers easy access to the Garden State Parkway and the Atlantic City Expressway.
The flexible floor plan is well suited for medical, dental, professional, or administrative office use. There is no lease agreement in place, and the business currently operates on a month-to-month basis; the listed price does not include the purchase of the business. The property is offered in AS IS condition.
Key Highlights
- Approximately 2,000 SF two‑story medical/professional office building
- Approximately 0.39 acres with on‑site parking
- C‑B zoning (Commercial Business) district
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
$29,302
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
3.08%
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%
$586,040
$586.0K
Cap Rate 7%
$418,600
$418.6K
Cap Rate 9%
$325,578
$325.6K
Market Conditions
NOI Build-Up for 2,000 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
$53.5K $26.76/SF
− Vacancy
−$14.5K −$7.23/SF
EGI
$39.1K $19.53/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$29.3K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /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%
$586,040
Cap Rate 7%
$418,600
Cap Rate 9%
$325,578
Alternative Uses
Best Use
Office B
$418.6K
$366.3K – $488.4K
NOI $29,302 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$744.8K
$651.7K – $868.9K
NOI $52,135 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 08225, NJ
8,442
Population
3,447
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
1,384
Density / Sq Mi
$104,042
Median Household Income
$50,938
Median Earnings
$1,554
Median Rent
$275,900
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 - Two-story office building in C-B zoning with public utilities and central air, currently operated as a nail salon.
Where is this office building located?
The property is located at 1118 Tilton Road Northfield, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 2,000 SF two‑story medical/professional office building; Approximately 0.39 acres with on‑site parking; C‑B zoning (Commercial Business) district
