Medical Office
For Sale
Contact for pricing
1226 TILTON RD, Northfield, NJ 08225
For sale office asset in Northfield, NJ, noted as fully occupied as of May 2014.
Property Size5,775 SF
Price / SF$190.46
Days on Market57
Property Features for 1226 TILTON RD
General Information
Standard status
Active
Size
5,775 SF
Property subtype
Office
Occupancy
100%
Building Details
Year Built
1990
Listing Agency:
Berkshire Hathaway HomeServices Fox & Roach REALTORS Northfield
(609) 226-6680
Listed By:
BRYAN BAEHRLE · License #1644942
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Aug 5 at 1:50PM
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 Berkshire Hathaway HomeServices Fox & Roach REALTORS Northfield
Investment Insights
Based on property information with market context.
This for-sale medical office building is an office property configured to support healthcare-related use, marketed as a fully occupied asset. Public remarks indicate the property was 100% occupied as of 05/07/2014. As presented, it offers a turnkey ownership profile for buyers seeking an income-producing office asset rather than a vacant redevelopment scenario.
The property is located at 1226 Tilton Rd in Northfield, NJ. No additional site or building specifics were provided in the public remarks, including layout details, parking, or exterior features.
For prospective buyers, the most prominent practical consideration reflected in the available information is occupancy. With the building reported as fully occupied at the time of the recorded remark, it may appeal to buyers and advisors focused on acquiring a stabilized office property. Because no tenant, lease structure, or unit-level details are included in the provided data, underwriting should be based on full diligence of current occupancy, lease terms, and operating history once available.
The property is located at 1226 Tilton Rd in Northfield, NJ. No additional site or building specifics were provided in the public remarks, including layout details, parking, or exterior features.
For prospective buyers, the most prominent practical consideration reflected in the available information is occupancy. With the building reported as fully occupied at the time of the recorded remark, it may appeal to buyers and advisors focused on acquiring a stabilized office property. Because no tenant, lease structure, or unit-level details are included in the provided data, underwriting should be based on full diligence of current occupancy, lease terms, and operating history once available.
Key Highlights
- Office asset built in 1990
- 100% occupied as of May 2014 (05/07/2014)
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
$84,610
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
7.69%
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%
$1,692,200
$1.7M
Cap Rate 7%
$1,208,714
$1.2M
Cap Rate 9%
$940,111
$940.1K
Market Conditions
NOI Build-Up for 5,775 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
$154.5K $26.76/SF
− Vacancy
−$41.7K −$7.23/SF
EGI
$112.8K $19.53/SF
− OpEx
−$28.2K −$4.88/SF
NOI
$84.6K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
25.00%
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%
$1,692,200
Cap Rate 7%
$1,208,714
Cap Rate 9%
$940,111
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,610 @ 7.0% cap · market cap 7.69%
Second Best
Healthcare Medical
$1.17M
$1.02M – $1.36M
NOI $81,871 @ 7.0% cap · market cap 7.44%
Theoretical Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,540 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08225, NJ
8,442
Population
3,447
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
1,384
Density / Sq Mi
$104,042
Median Household Income
$50,938
Median Earnings
$1,554
Median Rent
$275,900
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 - For sale office asset in Northfield, NJ, noted as fully occupied as of May 2014.
Where is this medical office space located?
The property is located at 1226 TILTON RD Northfield, NJ.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Office asset built in 1990; 100% occupied as of May 2014 (05/07/2014)
