Medical Office Space
1 Washington Blvd #3 & 4 Robbinsville, NJ 08691
1 Washington Blvd #3 & 4, Robbinsville, NJ, 08691
$995,000
For Sale
$995,000
Office space approved for medical use in Robbinsville Twp.
Property Size3,990 SF
Price / SF$249.37
Days on Market1021
Property Features for 1 Washington Blvd #3 & 4
General Information
- Standard status
- Active
- Size
- 3,990 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2014
Listing Agency
JOSEPH R RIDOLFI & ASSOCIATES LLC
(609) 581-4848
Listed by
JOSEPH R RIDOLFI · License #7819144
Source
Corcoran
Added: Oct 4, 2023 Checked: Jul 20 at 3:25 am
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 JOSEPH R RIDOLFI & ASSOCIATES LLC
Investment Insights
Based on property information with market context.
This office space, approved for medical use, is located in Robbinsville Township. The first-floor suite offers 3,990 square feet of space and includes a lobby with a reception desk, five private offices, a large conference room, a mailroom/IT closet, separate bathrooms, a large open area with cubicles, and a break area. The basement, accessible by elevator, provides an additional 623 square feet of storage and office space. The basement is sprinklered and has access to a shared conference/training room. The property is located close to Route 33, Route 130, I-195, the New Jersey Turnpike, I-295, and Route 1. A short-term leaseback is in place until the current owner/tenant can move, with a duration of approximately 6 to 12 months.
Key Highlights
- Approved for medical use office space.
- First floor suite offering 3990 SF.
- Convenient location near major highways: Rt 33, Rt 130, I‑195, NJ Turnpike, I‑295, Rt 1.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.8k | $29.52 |
| − Vacancy | −$25.4k | −$6.38 |
| EGI | $92.3k | $23.14 |
| − OpEx | −$36.9k | −$9.26 |
| NOI | $55.4k | $13.89 |
3,990 SF · lease $29.52/SF/yr · vacancy 21.60% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$791.5K
$692.6K – $923.4K
NOI $55,406 @ 7.0% cap · market cap 5.57%
Second Best
Office B
$511.4K
$447.4K – $596.6K
NOI $35,795 @ 7.0% cap · market cap 3.60%
Theoretical Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,861 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Office space approved for medical use in Robbinsville Twp.
Where is this medical office space located?
The property is located at 1 Washington Blvd #3 & 4 Robbinsville, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approved for medical use office space.; First floor suite offering 3990 SF.; Convenient location near major highways: Rt 33, Rt 130, I‑195, NJ Turnpike, I‑295, Rt 1.
