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    Office/Medical Building Near Hospital

    119 E LAUREL ROAD Stratford, NJ 08084

    Claim this Listing
    For Sale
    $275,000

    1380 SF office/medical building with parking and basement.

    Type:Commercial/Industrial
    Property size:
    1,380 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $199/SF
    Added:
    Nov 6, 2024
    Days on Market:
    611
    Last Refresh:
    May 20 at 1:55 am

    Property Features for 119 E LAUREL ROAD

    General Information

    Standard status
    Active
    Size
    1,380 SF
    Lot size
    0.17 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1900

    Listing office BHHS Fox & Roach-Marlton

    Listing date Nov 6, 2024

    Source Exitrealty

    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 BHHS Fox & Roach-Marlton

    Investment Insights

    Based on property information with market context.

    This is an approximately 1,380 square foot office, medical, or professional building. The first floor features a large reception area, two doctor's offices, three exam rooms, and a bathroom. The upper level includes a large lunch room and a bookkeeping office. The property also has a basement. A private parking lot provides ample parking, and a ramp leads to the first floor. The building is located across from Stratford Jefferson Hospital.

    Key Highlights

    • Prime location directly across from Stratford Jefferson Hospital
    • Suitable for office, medical, or professional use
    • Ample parking on a private lot with ramp access

    Local Financial Insights For Office B

    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 $30.3k $21.96
    − Vacancy −$4.5k −$3.25
    EGI $25.8k $18.71
    − OpEx −$6.5k −$4.68
    NOI $19.4k $14.03
    1,380 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $276.6K
    $242.1K – $322.8K (±1% cap)
    NOI $19,365 @ 7.0% cap · market cap 7.04%
    Second Best
    Healthcare Medical
    $241.9K
    $211.6K – $282.2K (±1% cap)
    NOI $16,931 @ 7.0% cap · market cap 6.16%
    Theoretical Best
    Office A
    $349.9K
    $306.2K – $408.2K (±1% cap)
    NOI $24,493 @ 7.0% cap · market cap 8.91%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Waters Hermina Physician Honig Hope S ... Pediatrician Spielberger Catherine S Physician Dr. Sharon D. ... Physician Goldis Geriatrics Geriatric Care Provider

    Suggested Use

    Real Estate Agency Restaurant Big Box & Wholesale Store Law Firm Spa & Massage Center Auto Parts Store Hair Salon Gym & Fitness Center Nail Salon Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Off Market Nearby

    • Sterling Veterinary Associates — 312 N White Horse Pike, Stratford, NJ 08084
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    • Sterling Vet Clinic — 312 N White Horse Pike, Stratford, NJ 08084

    FAQs

    What type of property is this?
    Medical Office Space - 1380 SF office/medical building with parking and basement.
    Where is this medical office space located?
    The property is located at 119 E LAUREL ROAD Stratford, NJ.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location directly across from Stratford Jefferson Hospital; Suitable for office, medical, or professional use; Ample parking on a private lot with ramp access
    Contact an agent
    (856) 810-5710
    We can help!
    Contact an agent
    Sid Benstead
    Real Estate License ID: RS361696
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