Mount Holly Office/Medical
120 Madison Avenue, Mount Holly, NJ 08060
For Sale
$299,900
1,650 SF building suitable for office or medical use.
Property Size1,650 SF
Price / SF$181.76
Days on Market209
Property Features for 120 Madison Avenue
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Listing Agency:
NAI Mertz - Corporate
Listed By:
Joe Riggs
(609) 352-1162
Source:
Naimertz
Added: Apr 15
Changed: Nov 7
Last Checked: Nov 8 at 3:05AM
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
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Investment Insights
Based on property information with market context.
Located at 120 Madison Avenue in Mount Holly, New Jersey, this 1,650 square foot building is suitable for office or medical use. The property features a versatile layout and includes four exam rooms, a lab room, and a consultation room. A spacious reception area is present, along with lower-level storage. The second floor contains a business office. The property is available immediately, and showings are by appointment only.
Key Highlights
- Prime location in desirable Mount Holly area.
- Versatile layout suitable for office or medical use.
- Equipped with 4 exam rooms, lab room, and consultation room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,931
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,620
$458.6K
Cap Rate 7%
$327,586
$327.6K
Cap Rate 9%
$254,789
$254.8K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$41.2K $24.96/SF
− Vacancy
−$3.0K −$1.80/SF
EGI
$38.2K $23.16/SF
− OpEx
−$15.3K −$9.27/SF
NOI
$22.9K $13.90/SF
Area
Burlington County, NJ
Vacancy
7.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,620
Cap Rate 7%
$327,586
Cap Rate 9%
$254,789
Alternative Uses
Best Use
Healthcare Medical
$327.6K
$286.6K – $382.2K
NOI $22,931 @ 7.0% cap · market cap 7.65%
Second Best
Office B
$211.5K
$185.0K – $246.7K
NOI $14,802 @ 7.0% cap · market cap 4.94%
Theoretical Best
Retail
$352.5K
$308.4K – $411.2K
NOI $24,674 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08060, NJ
25,426
Population
10,198
Households
2.5
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$107,165
Median Household Income
$59,035
Median Earnings
$1,619
Median Rent
$292,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Burlington County, NJ
Properties on Market for Medical Office Space in Burlington County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,650 SF building suitable for office or medical use.
Where is this medical office space located?
The property is located at 120 Madison Avenue Mount Holly, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Prime location in desirable Mount Holly area.; Versatile layout suitable for office or medical use.; Equipped with **4 exam rooms, lab room, and consultation room.**
