Turn-Key Veterinary Medical
For Sale
$599,900
393 Main Rd, Vineland, NJ 08360
Operational veterinary practice with exam rooms, dedicated surgery room, and indoor kennel plus secure outdoor boarding area.
Property Size2,736 SF
Lot Size1.00 Acre
Price / SF$219.26
Days on Market57
Property Features for 393 Main Rd
General Information
Standard status
Active
Size
2,736 SF
Lot size
1.00 Acre
Additional Details
Business Included
Yes
Fenced Yard
Yes
Amenities
multiple professional exam rooms
fully equipped dedicated surgery room
indoor kennel facility
fenced-in outdoor area
Building Details
Year Built
1999
Listing Agency:
Real Broker, LLC
Listed By:
David Beach · License #124914
(856) 318-2313
Source:
Premierehomegroup
Added: Jul 26
Changed: Sep 14
Last Checked: Sep 20 at 10:08AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This turn-key veterinary medical facility is fully operational and configured for immediate transition, with a medical layout that includes multiple professional exam rooms and a fully equipped, dedicated surgery room. Boarding amenities are built in as well, featuring an indoor kennel facility and a secure, fenced-in outdoor area for patient and boarding care.
The property is set on a full acre lot, providing privacy and potential for future expansion. Convenient access is described from both the Vineland and Franklinville areas. This is a confidential sale and the business is currently open and active; please do not disturb staff or operations. Serious inquiries only.
The property is set on a full acre lot, providing privacy and potential for future expansion. Convenient access is described from both the Vineland and Franklinville areas. This is a confidential sale and the business is currently open and active; please do not disturb staff or operations. Serious inquiries only.
Key Highlights
- 1999‑built, fully operational veterinary practice with a medical layout for immediate transition
- Includes multiple professional exam rooms and a fully equipped, dedicated surgery room
- Indoor kennel facility plus a secure, fenced‑in outdoor area for patient/boarding care
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
$36,197
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
6.03%
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%
$723,940
$723.9K
Cap Rate 7%
$517,100
$517.1K
Cap Rate 9%
$402,189
$402.2K
Market Conditions
NOI Build-Up for 2,736 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
$68.9K $25.20/SF
− Vacancy
−$8.6K −$3.15/SF
EGI
$60.3K $22.05/SF
− OpEx
−$24.1K −$8.82/SF
NOI
$36.2K $13.23/SF
Area
Cumberland County, NJ
Vacancy
12.50%
Lease Rate
$25.20 /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%
$723,940
Cap Rate 7%
$517,100
Cap Rate 9%
$402,189
Alternative Uses
Best Use
Healthcare Medical
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,569 @ 7.0% cap · market cap 47.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Medical center - Operational veterinary practice with exam rooms, dedicated surgery room, and indoor kennel plus secure outdoor boarding area.
Where is this medical center located?
The property is located at 393 Main Rd Vineland, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1999‑built, fully operational veterinary practice with a medical layout for immediate transition; Includes multiple professional exam rooms and a fully equipped, dedicated surgery room; Indoor kennel facility plus a secure, fenced‑in outdoor area for patient/boarding care
