Medical Office With Private
New
For Sale
$379,900
1531 Route 206, Tabernacle, NJ 08088
Professional layout includes reception, waiting, kitchenette, and two restrooms.
Property Size1,200 SF
Lot Size1.00 Acre
Price / SF$316.58
Days on Market3
Property Features for 1531 Route 206
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
20
Lot size
1.00 Acre
Additional Details
Road Access
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Weichert Realtors-Medford
(609) 354-8167
Listed By:
Suzanne Burns · License #1325478
Source:
Kandorre
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 5:38AM
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 Weichert Realtors-Medford
Investment Insights
Based on property information with market context.
This 1,200-square-foot medical office property occupies a full 1-acre lot and was built in 1930. The existing arrangement includes a waiting area, reception space, five private offices or treatment rooms, a kitchenette, and two private restrooms, one of which is ADA compliant. The floor plan supports medical, wellness, counseling, financial, insurance, contractor, trade, and general professional office uses identified for the property.
Positioned directly on Route 206, the building offers roadside exposure and access to a well-traveled corridor. On-site parking accommodates approximately 20 vehicles, including two ADA-accessible spaces. The combination of private rooms, client-facing areas, parking, and a visible Route 206 setting provides a functional base for an established practice or office operation.
Positioned directly on Route 206, the building offers roadside exposure and access to a well-traveled corridor. On-site parking accommodates approximately 20 vehicles, including two ADA-accessible spaces. The combination of private rooms, client-facing areas, parking, and a visible Route 206 setting provides a functional base for an established practice or office operation.
Key Highlights
- 1,200 SF medical office on a full 1‑acre lot
- Five private offices or treatment rooms
- Waiting room, reception area, kitchenette, and two private restrooms
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $24.96 |
| − Vacancy | −$2.2k | −$1.80 |
| EGI | $27.8k | $23.16 |
| − OpEx | −$11.1k | −$9.27 |
| NOI | $16.7k | $13.90 |
1,200 SF · lease $24.96/SF/yr · vacancy 7.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 4.39%
Second Best
Office B
$153.8K
$134.6K – $179.4K
NOI $10,765 @ 7.0% cap · market cap 2.83%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,684 @ 7.0% cap · market cap 46.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Aimee Kompel — 1565 US-206, Tabernacle, NJ 080888863
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional layout includes reception, waiting, kitchenette, and two restrooms.
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: 1,200 SF medical office on a full 1‑acre lot; Five private offices or treatment rooms; Waiting room, reception area, kitchenette, and two private restrooms
