Two-Unit Professional
For Sale
$640,000
150 HIMMELEIN Road, Medford, NJ 08055
Commercial Sale, MEDFORD, NJ
Property Size3,640 SF
Price / SF$175.82
Days on Market151
Property Features for 150 HIMMELEIN Road
General Information
Property type
Other
Property subtype
Office
Parking
40
Parking features
Parking Lot
Subdivision
VILLAGE GREEN
High school
SHAWNEE
Elementary school district
LENAPE REGIONAL HIGH
Middle school district
LENAPE REGIONAL HIGH
High school district
LENAPE REGIONAL HIGH
Standard status
Active
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 Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
James L Moffa · License #901791
(609) 458-3711
Added: May 9
Changed: Sep 16
Last Checked: Oct 6 at 12:06PM
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.
Investment Insights
Based on property information with market context.
This professional office condominium combines two separately configured units totaling 3,640 SF: a 2,240 SF first-floor unit and a 1,400 SF second-floor unit. An additional basement level provides further usable space. The interior has been updated in recent years and includes central air, forced-air heating, vinyl siding, and parking in an on-site lot. The layout can remain as two distinct units or be adapted for single- or multi-tenant occupancy. Public sewer serves the property, with a private well also in place.
Located at 150 Himmelein Road in Medford, the property offers access to I-295, Routes 38, 70, 73, and 206, along with the New Jersey and Pennsylvania Turnpikes and Atlantic City Expressway. Nearby medical institutions, retail centers, dining, and shopping destinations add to the surrounding commercial amenities. The property is being offered in AS IS condition.
Located at 150 Himmelein Road in Medford, the property offers access to I-295, Routes 38, 70, 73, and 206, along with the New Jersey and Pennsylvania Turnpikes and Atlantic City Expressway. Nearby medical institutions, retail centers, dining, and shopping destinations add to the surrounding commercial amenities. The property is being offered in AS IS condition.
Key Highlights
- 3,640 SF professional office condominium comprising two condo units
- 2,240 SF first‑floor unit plus 1,400 SF second‑floor unit
- Additional basement level provides supplementary space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,655
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,100
$653.1K
Cap Rate 7%
$466,500
$466.5K
Cap Rate 9%
$362,833
$362.8K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$48.9K $13.44/SF
− Vacancy
−$5.4K −$1.48/SF
EGI
$43.5K $11.96/SF
− OpEx
−$10.9K −$2.99/SF
NOI
$32.7K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,100
Cap Rate 7%
$466,500
Cap Rate 9%
$362,833
Alternative Uses
Best Use
Office B
$466.5K
$408.2K – $544.3K
NOI $32,655 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.61M
$6.66M – $8.88M
NOI $532,909 @ 7.0% cap · market cap 83.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
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?
Office units - Separate floor configurations and basement space support medical, legal, financial, accounting, and general office operations.
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 $640,000.
What are key features of this property?
This property features: 3,640 SF professional office condominium comprising two condo units; 2,240 SF first‑floor unit plus 1,400 SF second‑floor unit; Additional basement level provides supplementary space
