Building Details

Building Size 1,200 SF

Year Built 1930

Listing Agency: Weichert Realtors-Medford

Listed By: Sue Burns · License #1325478 Show Phone

Source: Evrealestate

Added: Jan 19 Changed: Oct 11 Last Checked: Oct 16 at 7:11AM

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Investment Insights

Based on property information with market context.

This commercial property is configured as a professional office with a medical-style layout. The building is situated on a highly visible 1-acre lot along Route 206. It features a spacious waiting room, a reception area, five private rooms, a kitchenette, and two private restrooms, including one ADA-accessible restroom. On-site parking is available for approximately 20 vehicles, including two ADA-accessible spaces. The location offers strong visibility and easy access, making it suitable for professional office, medical, or general business use. A floor plan is available, indicating a flexible layout.

Key Highlights

• Highly visible 1‑acre lot on Route 206.
• Ample on‑site parking for approximately 20 vehicles, including two ADA‑accessible spaces.
• Flexible layout suitable for professional office, medical, or general business use.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,677

Cap Rate

4.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$333,540 $333.5K

Cap Rate 7%

$238,243 $238.2K

Cap Rate 9%

$185,300 $185.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$30.0K $24.96/SF

− Vacancy

−$2.2K −$1.80/SF

EGI

$27.8K $23.16/SF

− OpEx

−$11.1K −$9.27/SF

NOI

$16.7K $13.90/SF

Area

Burlington County, NJ

Vacancy

7.20%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$333,540

Cap Rate 7%

$238,243

Cap Rate 9%

$185,300

Alternative Uses

Best Use

Healthcare Medical

$238.2K

$208.5K – $278.0K (±1% cap)

NOI $16,677 @ 7.0% cap · market cap 4.39%

Second Best

Office B

$153.8K

$134.6K – $179.4K (±1% cap)

NOI $10,765 @ 7.0% cap · market cap 2.83%

Theoretical Best

Warehouse

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,684 @ 7.0% cap · market cap 46.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store Auto Parts Store Electrical Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

103

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 08088, NJ

24,095

Population

10,011

Households

2.4

Avg Household Size

50

Median Age

37%

College-Educated

94%

High-School Grad

150.5 sq mi

ZIP Area

160

Density / Sq Mi

$107,980

Median Household Income

$63,633

Median Earnings

$1,793

Median Rent

$344,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar Off Market Nearby

• Aimee Kompel — 1565 US-206, Tabernacle, NJ 080888863

Frequently Asked Questions

What type of property is this?

Medical Office Space - Well-maintained office building on a highly visible one-acre lot.

Where is this medical office space located?

The property is located at 1531 ROUTE 206 Tabernacle, NJ.

What is the asking price?

The asking price for this property is $379,900.

What are key features of this property?

This property features: Highly visible 1‑acre lot on Route 206.; Ample on‑site parking for approximately 20 vehicles, including two ADA‑accessible spaces.; Flexible layout suitable for professional office, medical, or general business use.