Medical Office Building with Exam
For Sale
$275,000
119 E Laurel Rd, Stratford, NJ 08084
Configured with reception, clinical rooms, office space, and a private parking lot.
Property Size1,380 SF
Price / SF$199.28
Days on Market90
Property Features for 119 E Laurel Rd
General Information
Standard status
Active
Size
1,380 SF
Building Details
Year Built
1900
Buildings
1
Building Size
1,380 SF
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Sidney Benstead · License #8032152
(856) 810-5710
Source:
Lgagne
Added: Jul 18
Changed: Oct 1
Last Checked: Oct 7 at 5:27PM
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 BHHS Fox & Roach-Marlton
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Investment Insights
Based on property information with market context.
This approximately 1,380-square-foot medical office property provides a practical professional layout across multiple levels. The first floor includes a generous reception area, two private doctor’s offices, three examination rooms, and a bathroom. A lunchroom and bookkeeping office occupy the upper level, while a basement adds additional on-site space.
The property includes a private parking lot and a ramp leading to the first floor. Its position across from Stratford Jefferson Hospital places the building within an established medical setting. Constructed in 1900, the property is suited to medical, office, or other professional occupancy supported by its existing room configuration.
The property includes a private parking lot and a ramp leading to the first floor. Its position across from Stratford Jefferson Hospital places the building within an established medical setting. Constructed in 1900, the property is suited to medical, office, or other professional occupancy supported by its existing room configuration.
Key Highlights
- Approximately 1,380 square feet of medical or professional office space
- First floor includes reception, two doctor’s offices, three exam rooms, and a bathroom
- Upper level contains a lunch room and bookkeeping office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,365
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,300
$387.3K
Cap Rate 7%
$276,643
$276.6K
Cap Rate 9%
$215,167
$215.2K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$30.3K $21.96/SF
− Vacancy
−$4.5K −$3.25/SF
EGI
$25.8K $18.71/SF
− OpEx
−$6.5K −$4.68/SF
NOI
$19.4K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,300
Cap Rate 7%
$276,643
Cap Rate 9%
$215,167
Alternative Uses
Best Use
Office B
$276.6K
$242.1K – $322.8K
NOI $19,365 @ 7.0% cap · market cap 7.04%
Second Best
Healthcare Medical
$241.9K
$211.6K – $282.2K
NOI $16,931 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$349.9K
$306.2K – $408.2K
NOI $24,493 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 08084, NJ
6,981
Population
2,574
Households
2.7
Avg Household Size
41
Median Age
32%
College-Educated
92%
High-School Grad
1.6 sq mi
ZIP Area
4,363
Density / Sq Mi
$100,735
Median Household Income
$52,002
Median Earnings
$1,172
Median Rent
$238,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, clinical rooms, office space, and a private parking lot.
Where is this medical office space located?
The property is located at 119 E Laurel Rd Stratford, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 1,380 square feet of medical or professional office space; First floor includes reception, two doctor’s offices, three exam rooms, and a bathroom; Upper level contains a lunch room and bookkeeping office
