Mount Holly Office/Medical
For Sale
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120 Madison Avenue Unit B, Mount Holly, NJ 08060
1,650 SF office/medical space in desirable Mount Holly, NJ.
Property Size1,650 SF
Price / SF$212.06
Days on Market95
Property Features for 120 Madison Avenue Unit B
General Information
Standard status
Active
Size
1,650 SF
Class
B
Property subtype
Office
Building Details
Tenancy
Single
Listing Agency:
NAI Mertz
(856) 724-4248
Listed By:
Will Frank · License #2441187
Source:
Crexi
Added: May 26
Changed: Aug 28
Last Checked: Aug 25 at 6:19PM
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
Investment Insights
Based on property information with market context.
Located at 120 Madison Avenue in Mount Holly, NJ, this 1,650 SF building presents an opportunity for office or medical use. The property's location and layout make it suitable for a variety of uses. The surrounding area offers a mix of amenities and conveniences, including dining options such as Robin's Nest Restaurant and casual cafes. Nearby attractions include Mill Race Village and Iron Works Park. Commuting is facilitated by easy access to Route 38 and Route 206.
Key Highlights
- Prime location in the desirable Mount Holly area.
- Versatile 1,650 SF building suitable for office or medical use.
- Surrounded by a thriving community with diverse dining options.
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
$22,931
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
6.55%
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%
$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
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
$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 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%
$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 6.55%
Second Best
Office B
$211.5K
$185.0K – $246.7K
NOI $14,802 @ 7.0% cap · market cap 4.23%
Theoretical Best
Warehouse
$3.45M
$3.02M – $4.03M
NOI $241,566 @ 7.0% cap · market cap 69.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 1,650 SF office/medical space in desirable Mount Holly, NJ.
Where is this medical office space located?
The property is located at 120 Madison Avenue Unit B Mount Holly, NJ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Prime location in the desirable Mount Holly area.; Versatile 1,650 SF building suitable for office or medical use.; Surrounded by a thriving community with diverse dining options.
