Professional Office Condo For
150 HIMMELEIN Road, Medford, NJ 08055
- Added:
- May 9, 2026
- Days on Market:
- 9
- Last Refresh:
- May 17 at 4:06 pm
Property Features for 150 HIMMELEIN Road
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 40
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 3,640 SF
Taxes and HOA fees
- Tax Annual Amount
- 8826
Utilities
- Heating system
- Forced Air, Central
- Cooling system
- Central Air
Building Details
- Year built
- 1881
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agent James L Moffa License #901791 (609) 458-3711
Listing office Keller Williams Realty - Marlton 103 70 Route unit: D, Medford, NJ (856) 441-6800
Listing date May 9, 2026
MLS# NJBL2111222
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strategically located with excellent accessibility to major transportation routes and proximity to Philadelphia and the Jersey Shore.
- Meticulously maintained, +\/-3,640 SF professional office condominium in turnkey condition, comprised of two condo units with an additional basement level.
- Flexible layout suitable for single or multi‑tenant occupancy, adaptable to various professional uses.
- Close proximity to leading medical institutions and a wide range of dining and retail amenities.
- Part of a professionally managed association with a monthly fee covering common area maintenance.
- Strong visibility and traffic exposure, enhancing appeal for businesses.
Overview
This is an opportunity to acquire a professional office condominium of approximately 3,640 square feet, comprised of two condo units. The property includes a 2,240-square-foot first-floor unit and a 1,400-square-foot second-floor unit, with an additional basement level. The property is part of a professionally managed association with a monthly fee of $700, covering common area maintenance, snow removal, landscaping, and trash services. The building is suited for various professional uses, including medical, legal, financial services, accounting, and general office use. The current layout allows for single or multi-tenant occupancy and can be adapted to meet specific business needs or utilized as two separate units. The property has been well maintained and updated, offering a high-quality interior finish and turnkey condition. The property benefits from accessibility and proximity to major transportation routes, including I-295, Routes 38, 70, 73, and 206, as well as both the New Jersey and Pennsylvania Turnpikes and the Atlantic City Expressway. It is located near Philadelphia and the Jersey Shore and in proximity to medical institutions such as the University of Pennsylvania, Cooper MD Anderson Cancer Center, Fox Chase Cancer Center, and Virtua Health System. The site is surrounded by dining and retail amenities, including the Promenade Shopping Center, Moorestown Mall, Cherry Hill Mall, Centerton Square, and The Marketplace at Garden State Park. The property offers visibility and traffic exposure. Public sewer service is available, with a private well serving the property. The properties are being offered for sale in an "AS IS" condition.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$362.8K
NOI $32,655 @ 9.00% cap · cautious / downside scenario
Moderate
$466.5K
NOI $32,655 @ 7.00% cap · market / base-case scenario
Aggressive
$653.1K
NOI $32,655 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $13.44 |
| − Vacancy | −$5.4k | −$1.48 |
| EGI | $43.5k | $11.96 |
| − OpEx | −$10.9k | −$2.99 |
| NOI | $32.7k | $8.97 |
3,640 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$466.5K
$408.2K – $544.3K
NOI $32,655 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.61M
$6.66M – $8.88M
NOI $532,909 @ 7.0% cap · market cap 81.99%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Map
- City
- Medford
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.82238
- Latitude
- 39.883753
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Meticulously maintained office condo suitable for various professional uses.
Where is this office units located?
The property is located at 150 HIMMELEIN Road Medford, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Strategically located with excellent accessibility to major transportation routes and proximity to Philadelphia and the Jersey Shore.; **Meticulously maintained, +\/-3,640 SF professional office condominium in turnkey condition, comprised of two condo units with an additional basement level.**; Flexible layout suitable for single or multi‑tenant occupancy, adaptable to various professional uses.
