Three-Level Medical Office
151 Fries Mill Rd Unit 104, Blackwood, NJ 08012
For Sale
$495,000
Configured for medical operations with exam rooms, private offices, reception, laboratory, and support areas.
Property Size2,590 SF
Price / SF$191.12
Days on Market94
Property Features for 151 Fries Mill Rd Unit 104
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Building Details
Building Size
Listing Agency:
NAI Mertz - Corporate
Listed By:
Joe Riggs
(609) 352-1162
Source:
Naimertz
Added: Aug 8
Changed: Nov 2
Last Checked: Nov 8 at 5:04AM
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 NAI Mertz - Corporate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office suite encompasses 2,590 SF across three floors and offers a detailed clinical and administrative layout. The space includes three bathrooms, three exam rooms, a lab room, reception with copier and supply room, a waiting area, and three private offices. Additional areas include a conference or sitting area, break area with kitchenette, storage room, IT closet, and three closets.
The configuration places two private offices and two closets on the second floor, with one office and one closet in the basement. The basement also includes an open conference or sitting area, while the suite’s reception, waiting, clinical, and support spaces provide a range of dedicated functions within the medical office environment.
The configuration places two private offices and two closets on the second floor, with one office and one closet in the basement. The basement also includes an open conference or sitting area, while the suite’s reception, waiting, clinical, and support spaces provide a range of dedicated functions within the medical office environment.
Key Highlights
- 2,590 SF medical office suite arranged across three floors
- Three exam rooms, three bathrooms, and one lab room
- Three private offices, including two on the second floor and one in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,344
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,880
$726.9K
Cap Rate 7%
$519,200
$519.2K
Cap Rate 9%
$403,822
$403.8K
Market Conditions
NOI Build-Up for 2,590 SF
Gross rent
$56.9K $21.96/SF
− Vacancy
−$8.4K −$3.25/SF
EGI
$48.5K $18.71/SF
− OpEx
−$12.1K −$4.68/SF
NOI
$36.3K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,880
Cap Rate 7%
$519,200
Cap Rate 9%
$403,822
Alternative Uses
Best Use
Office B
$519.2K
$454.3K – $605.7K
NOI $36,344 @ 7.0% cap · market cap 7.34%
Second Best
Healthcare Medical
$453.9K
$397.2K – $529.6K
NOI $31,776 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$656.7K
$574.6K – $766.2K
NOI $45,970 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Camden County, NJ
Properties on Market for Medical Office Space in Camden County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical operations with exam rooms, private offices, reception, laboratory, and support areas.
Where is this medical office space located?
The property is located at 151 Fries Mill Rd Unit 104 Blackwood, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,590 SF medical office suite arranged across three floors; Three exam rooms, three bathrooms, and one lab room; Three private offices, including two on the second floor and one in the basement
