Corner Building with Two
For Sale
Contact for pricing
Pending
1701 New Rd, Linwood, NJ 08221
Single-story building with medical and open space, parking.
Property Size1,917 SF
Days on Market162
Property Features for 1701 New Rd
General Information
Standard status
Pending
Size
1,917 SF
Property subtype
Office
Zoning
Business
Building Details
Stories
1
Listing Agency:
Foresite Commercial Realty
(609) 646-1919
Listed By:
Samantha Zerafa Roessler · License #NJ 1643608
Source:
Crexi
Added: Mar 13
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 Foresite Commercial Realty
Investment Insights
Based on property information with market context.
This single-story building is located at the corner of New Road and Hamilton Avenue. The property offers 1,917 square feet of space. The space is currently divided into two suites. One suite is a 1,300+/- square foot medical suite that includes one office, two exam rooms, one consult office, a waiting room, an admin area, and a lab. The second space is currently wide open and was formerly a salon. On-site parking is available for 16 cars. The property is suitable for medical office, general office, retail, and other commercial real estate uses.
Key Highlights
- Corner lot location at New Road and Hamilton Ave.
- On‑site parking for 16 cars.
- Building divided into two suites.
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
$28,086
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
7.30%
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%
$561,720
$561.7K
Cap Rate 7%
$401,229
$401.2K
Cap Rate 9%
$312,067
$312.1K
Market Conditions
NOI Build-Up for 1,917 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
$51.3K $26.76/SF
− Vacancy
−$13.9K −$7.23/SF
EGI
$37.4K $19.53/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$28.1K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /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%
$561,720
Cap Rate 7%
$401,229
Cap Rate 9%
$312,067
Alternative Uses
Best Use
Office B
$401.2K
$351.1K – $468.1K
NOI $28,086 @ 7.0% cap · market cap 7.30%
Second Best
Healthcare Medical
$388.2K
$339.7K – $453.0K
NOI $27,177 @ 7.0% cap · market cap 7.06%
Theoretical Best
Warehouse
$713.9K
$624.6K – $832.9K
NOI $49,971 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08221, NJ
6,971
Population
2,859
Households
2.4
Avg Household Size
46
Median Age
59%
College-Educated
94%
High-School Grad
4.7 sq mi
ZIP Area
1,483
Density / Sq Mi
$135,904
Median Household Income
$64,205
Median Earnings
$2,070
Median Rent
$351,100
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.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story building with medical and open space, parking.
Where is this medical office space located?
The property is located at 1701 New Rd Linwood, NJ.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Corner lot location at New Road and Hamilton Ave.; On‑site parking for 16 cars.; Building divided into two suites.
