Medical Office Suite with Exam
For Sale
$225,000
17 White Horse Pike Unit 5, Haddon Heights, NJ 08035
Leased healthcare suite with a flexible interior plan, private office, restroom, and rear utility space.
Property Size1,172 SF
Price / SF$191.98
Days on Market59
Property Features for 17 White Horse Pike Unit 5
General Information
Standard status
Active
Size
1,172 SF
Financials
Gross Income
$30,491
HOA Fee
$482.47
Building Details
Year Built
1960
Tenancy
Single
Owner Occupied
No
Listing Agency:
Keller Williams - Main Street
Listed By:
Patrick M Gorman · License #340986
(856) 858-2200
Source:
Tbhteam
Added: Aug 19
Changed: Sep 30
Last Checked: Oct 7 at 5:35PM
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 Keller Williams - Main Street
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Investment Insights
Based on property information with market context.
Located at 17 White Horse Pike, Unit 5, within Heights Professional Center, this 1,172-square-foot medical office suite was built in 1960. The interior includes an open work area, one private office, a dedicated exam room, restroom, and a combined laundry and storage area at the rear.
The suite is currently occupied by Novacare under a five-year lease that includes scheduled rental increases and extends through 12/31/25 for the first year. The tenant is responsible for HOA dues, utilities, and additional insurance. County sewer charges and real estate taxes are paid by the landlord.
The suite is currently occupied by Novacare under a five-year lease that includes scheduled rental increases and extends through 12/31/25 for the first year. The tenant is responsible for HOA dues, utilities, and additional insurance. County sewer charges and real estate taxes are paid by the landlord.
Key Highlights
- 1,172‑square‑foot medical office suite in Heights Professional Center
- Current Novacare tenancy under a five‑year lease with scheduled rental increases
- Open layout with one private office and a dedicated exam room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,446
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,920
$328.9K
Cap Rate 7%
$234,943
$234.9K
Cap Rate 9%
$182,733
$182.7K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$25.7K $21.96/SF
− Vacancy
−$3.8K −$3.25/SF
EGI
$21.9K $18.71/SF
− OpEx
−$5.5K −$4.68/SF
NOI
$16.4K $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%
$328,920
Cap Rate 7%
$234,943
Cap Rate 9%
$182,733
Alternative Uses
Best Use
Office B
$234.9K
$205.6K – $274.1K
NOI $16,446 @ 7.0% cap · market cap 7.31%
Second Best
Healthcare Medical
$205.4K
$179.7K – $239.7K
NOI $14,379 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$297.2K
$260.0K – $346.7K
NOI $20,802 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08035, NJ
7,556
Population
3,326
Households
2.3
Avg Household Size
43
Median Age
55%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
4,723
Density / Sq Mi
$124,592
Median Household Income
$68,750
Median Earnings
$1,179
Median Rent
$353,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Haddon Vet, LLC — 2 2nd Ave, Haddon Heights, NJ 08035
- Audubon Family Veterinary Center — 247 S White Horse Pike, Audubon, NJ 08106
- Patsy Picone — 247 S White Horse Pike, Audubon, NJ 081061356, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased healthcare suite with a flexible interior plan, private office, restroom, and rear utility space.
Where is this medical office space located?
The property is located at 17 White Horse Pike Unit 5 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: 1,172‑square‑foot medical office suite in Heights Professional Center; Current Novacare tenancy under a five‑year lease with scheduled rental increases; Open layout with one private office and a dedicated exam room
