Mount Holly Office/Medical
For Sale
$349,900
120 Madison Avenue, Mount Holly, NJ 08060
1,650 SF building suitable for office or medical use.
Property Size1,650 SF
Price / SF$212.06
Days on Market117
Property Features for 120 Madison Avenue
General Information
Standard status
Active
Size
1,650 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,650 SF
Listing Agency:
NAI Mertz - Corporate
(609) 352-1162
Listed By:
Joe Riggs · License #2441187
Source:
Naiglobal
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 16 at 1:56AM
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.
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 = 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $349,900.
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.**
