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Haddon Heights Medical Office Suite

17 White Horse Pike Haddon Heights, NJ 08035

17 White Horse Pike, Haddon Heights, NJ, 08035

Contact for pricing

For Sale

Contact for pricing

Medical office suite for sale, leased through 2025.

Property Size1,172 SF

Price / SF$191.98

AddedSep 13, 2023

Days on Market1036

Last RefreshMay 13 at 12:06 am

Property Features for 17 White Horse Pike

General Information

Standard status: Active
Size: 1,172 SF
Property subtype: Office, Special Purpose

Building Details

Year Built: 1960

Listing office The Gorman Group

Listing date Sep 13, 2023

Source Crexi

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 The Gorman Group

Investment Insights

Based on property information with market context.

Available for purchase is a medical office suite, identified as Unit #5, situated within the Heights Professional Center. The unit is currently leased to Novacare, a long-term tenant, at a rate of $2,540.94 per month through December 31, 2025, with a five-year lease term that includes incremental rental increases. The suite features an open layout, complemented by a private office, a private exam room, a bathroom, and a laundry/storage area located at the rear of the unit. Novacare is responsible for HOA dues ($157.53 for monthly maintenance & $324.94 monthly assessment), utilities, and additional insurance coverage. The landlord is responsible for County Sewer and Real estate taxes. Also available is Unit #7, featuring an open layout with space for a private office. This unit is currently rented by real estate professionals at $700 per month on a month-to-month lease. The tenant is responsible for utilities and County Sewer. The landlord covers the HOA assessment of $148.76 per month (including base insurance), a monthly maintenance fee of $92.47, and real estate taxes. The property is located at 17 White Horse Pike, Haddon Heights, NJ 08035.

Key Highlights

Unit #5: Leased to Novacare at $2,540.94/month through 12/31/25 with a five‑year lease and incremental rental increases.
Unit #5: Tenant (Novacare) pays HOA dues ($157.53 monthly maintenance & $324.94 monthly assessment), utilities, and additional insurance.
Unit #5: Features an open layout with a private office, exam room, bathroom, and laundry/storage area.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.7k	$21.96
− Vacancy	−$3.8k	−$3.25
EGI	$21.9k	$18.71
− OpEx	−$5.5k	−$4.68
NOI	$16.4k	$14.03

1,172 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$234.9K

$205.6K – $274.1K (±1% cap)

NOI $16,446 @ 7.0% cap · market cap 7.31%

Second Best

Healthcare Medical

$205.4K

$179.7K – $239.7K (±1% cap)

NOI $14,379 @ 7.0% cap · market cap 6.39%

Theoretical Best

Office A

$297.2K

$260.0K – $346.7K (±1% cap)

NOI $20,802 @ 7.0% cap · market cap 9.25%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

AMBROZY TAX SERVICE ... Tax Preparation Tonia Conover, PT Physician Family Skin Care ... Physician Dr. Boris Kalika Dental Office Joseph Kozielski Physician

Suggested Use

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For sale
Medical Office Space
NJ
Haddon Heights
08035
17 White Horse Pike

What type of property is this?

Medical Office Space - Medical office suite for sale, leased through 2025.

Where is this medical office space located?

The property is located at 17 White Horse Pike Haddon Heights, NJ.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Unit #5: Leased to Novacare at $2,540.94/month through 12/31/25 with a five‑year lease and incremental rental increases.; Unit #5: Tenant (Novacare) pays HOA dues ($157.53 monthly maintenance & $324.94 monthly assessment), utilities, and additional insurance.; Unit #5: Features an open layout with a private office, exam room, bathroom, and laundry/storage area.