Medical Offices Near Jefferson
For Sale
$4,000,000
100 Kings Way E B1-6 & D3-4, Sewell, NJ 08080
Fully leased medical offices totaling 13,600 +/- SF for sale.
Property Size13,600 SF
Price / SF$294.12
Days on Market268
Property Features for 100 Kings Way E B1-6 & D3-4
General Information
Standard status
Active
Size
13,600 SF
Property subtype
Office
Listing Agency:
NAI Mertz - Corporate
(609) 352-1162
Listed By:
Joe Riggs · License #2441187
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 16 at 4:10AM
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 NAI Mertz - Corporate
Investment Insights
Based on property information with market context.
Five condo units totaling approximately 13,600 square feet are available for purchase. The units are located across from Jefferson Washington Township Hospital on Hurffville-Cross Keys Road. The property consists of three suites in Building B and two suites in Building D. These are fully leased medical offices, presenting an income-producing opportunity.
Key Highlights
- Fully leased medical offices providing immediate income.
- Located directly across from Jefferson Washington Township Hospital.
- Total of 13,600 +/- SF across 5 condo units.
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
$214,475
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
5.36%
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%
$4,289,500
$4.3M
Cap Rate 7%
$3,063,929
$3.1M
Cap Rate 9%
$2,383,056
$2.4M
Market Conditions
NOI Build-Up for 13,600 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
$350.9K $25.80/SF
− Vacancy
−$64.9K −$4.77/SF
EGI
$286.0K $21.03/SF
− OpEx
−$71.5K −$5.26/SF
NOI
$214.5K $15.77/SF
Area
Gloucester County, NJ
Vacancy
18.50%
Lease Rate
$25.80 /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%
$4,289,500
Cap Rate 7%
$3,063,929
Cap Rate 9%
$2,383,056
Alternative Uses
Best Use
Office B
$3.06M
$2.68M – $3.57M
NOI $214,475 @ 7.0% cap · market cap 5.36%
Second Best
Healthcare Medical
$2.15M
$1.88M – $2.50M
NOI $150,245 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$4.57M
$4.00M – $5.33M
NOI $320,005 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
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?
Medical Office Space - Fully leased medical offices totaling 13,600 +/- SF for sale.
Where is this medical office space located?
The property is located at 100 Kings Way E B1-6 & D3-4 Sewell, NJ.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Fully leased medical offices providing immediate income.; Located directly across from Jefferson Washington Township Hospital.; Total of 13,600 +/- SF across 5 condo units.
