Renovated Second-Floor Office
For Sale
$161,500
152 HIMMELIEN ROAD #6, Medford, NJ 08055
The office condo offers a conference room, private offices, and a private restroom in a second-floor layout.
Property Size1,031 SF
Price / SF$156.64
Days on Market20
Property Features for 152 HIMMELIEN ROAD #6
General Information
Standard status
Active
Size
1,031 SF
Property subtype
Commercial
Additional Details
Floor
2
Amenities
conference room
private offices
private rest room
Building Details
Year Built
1986
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5711
Listed By:
Christopher Benstead · License #8830917
(856) 810-5711
Source:
Cummingsrealtors
Added: Aug 5
Changed: Aug 23
Last Checked: Aug 23 at 7:43AM
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 second-floor office condo at 152 Himmelien Rd #6 provides a renovated workspace with a practical private-office configuration. The interior includes a conference room, multiple private offices, and a private restroom, supporting a range of professional workplace arrangements.
Built in 1986, the unit is located in Medford, New Jersey. Its second-floor placement and combination of collaborative and enclosed areas create a straightforward office setting for an owner-user or business occupant.
Built in 1986, the unit is located in Medford, New Jersey. Its second-floor placement and combination of collaborative and enclosed areas create a straightforward office setting for an owner-user or business occupant.
Key Highlights
- Renovated second‑floor office condo
- Conference room included
- Multiple private offices
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
$9,249
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
5.73%
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%
$184,980
$185.0K
Cap Rate 7%
$132,129
$132.1K
Cap Rate 9%
$102,767
$102.8K
Market Conditions
NOI Build-Up for 1,031 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
$13.9K $13.44/SF
− Vacancy
−$1.5K −$1.48/SF
EGI
$12.3K $11.96/SF
− OpEx
−$3.1K −$2.99/SF
NOI
$9.2K $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 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%
$184,980
Cap Rate 7%
$132,129
Cap Rate 9%
$102,767
Alternative Uses
Best Use
Office B
$132.1K
$115.6K – $154.2K
NOI $9,249 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.16M
$1.89M – $2.52M
NOI $150,942 @ 7.0% cap · market cap 93.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - The office condo offers a conference room, private offices, and a private restroom in a second-floor layout.
Where is this office units located?
The property is located at 152 HIMMELIEN ROAD #6 Medford, NJ.
What is the asking price?
The asking price for this property is $161,500.
What are key features of this property?
This property features: Renovated second‑floor office condo; Conference room included; Multiple private offices
