Medical and Surgical Office
For Sale
$1,397,000
1701 Wynwood Dr, Cinnaminson, NJ 08077
Established healthcare property positioned directly off a retail thoroughfare.
Property Size7,401 SF
Days on Market157
Property Features for 1701 Wynwood Dr
General Information
Standard status
Active
Size
7,401 SF
Total Parking Spaces
41
Property subtype
Office
Building Details
Building Size
7,401 SF
Year Built
1960
Year Renovated
2025
Listing Agency:
Bang Realty
(248) 848-4113
Listed By:
Marc Hildenbrand · License #BRK.200900214
Source:
Friedmanrealestate
Added: Mar 28
Changed: Aug 30
Last Checked: Aug 30 at 3:32PM
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 Bang Realty
Investment Insights
Based on property information with market context.
Cinnaminson Medical & Surgical Center is a medical office property constructed in 1960. The asset is positioned directly off a primary retail thoroughfare in Cinnaminson, New Jersey, providing a healthcare-focused setting within an established commercial area.
The property is offered for sale and is identified as medical and surgical office space. Additional physical specifications and operating details are not provided.
The property is offered for sale and is identified as medical and surgical office space. Additional physical specifications and operating details are not provided.
Key Highlights
- Medical and surgical office property
- Cinnaminson, NJ location
- Constructed in 1960
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
$102,857
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
7.36%
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%
$2,057,140
$2.1M
Cap Rate 7%
$1,469,386
$1.5M
Cap Rate 9%
$1,142,856
$1.1M
Market Conditions
NOI Build-Up for 7,401 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
$184.7K $24.96/SF
− Vacancy
−$13.3K −$1.80/SF
EGI
$171.4K $23.16/SF
− OpEx
−$68.6K −$9.27/SF
NOI
$102.9K $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 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%
$2,057,140
Cap Rate 7%
$1,469,386
Cap Rate 9%
$1,142,856
Alternative Uses
Best Use
Healthcare Medical
$1.47M
$1.29M – $1.71M
NOI $102,857 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$948.5K
$830.0K – $1.11M
NOI $66,396 @ 7.0% cap · market cap 4.75%
Theoretical Best
Warehouse
$15.48M
$13.54M – $18.06M
NOI $1,083,533 @ 7.0% cap · market cap 77.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08077, NJ
19,851
Population
7,497
Households
2.6
Avg Household Size
43
Median Age
45%
College-Educated
96%
High-School Grad
8.1 sq mi
ZIP Area
2,451
Density / Sq Mi
$126,066
Median Household Income
$65,059
Median Earnings
$2,046
Median Rent
$359,400
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
- Steiner Robyn DVM — 2498 US-130, Cinnaminson, NJ 08077
- ILS Veterinary — 1301 Industrial Hwy, Cinnaminson, NJ 08077
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established healthcare property positioned directly off a retail thoroughfare.
Where is this medical office space located?
The property is located at 1701 Wynwood Dr Cinnaminson, NJ.
What is the asking price?
The asking price for this property is $1,397,000.
What are key features of this property?
This property features: Medical and surgical office property; Cinnaminson, NJ location; Constructed in 1960
