Office Building in Wooded
New
For Sale
$749,000
172 TUCKERTON Road, Medford, NJ 08055
Commercial Sale, MEDFORD, NJ
Property Size4,100 SF
Lot Size1.80 Acres
Price / SF$182.68
Days on Market2
Property Features for 172 TUCKERTON Road
General Information
Property type
Other
Property subtype
Office
Parking
20
Parking features
Driveway, Parking Lot
Middle school
MEDFORD TWP MEMORIAL
High school
SHAWNEE
Elementary school district
MEDFORD TOWNSHIP PUBLIC SCHOOLS
Middle school district
MEDFORD TOWNSHIP PUBLIC SCHOOLS
High school district
MEDFORD TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Lot size
1.80 Acres
Taxes and HOA fees
Tax Annual Amount
16342
Utilities
Cooling system
Central Air, Multi Units
Building Details
Year built
1965
Building materials
Aluminum Siding
Listing Agency:
Century 21 Alliance-Medford · Century 21 Real Estate
(609) 654-8797
Listed By:
James Brent Bergman · License #2220233
(609) 320-0572
Added: Sep 8
Last Checked: Sep 9 at 4:06AM
MLS# NJBL2120258
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property at 172 Tuckerton Road occupies two lots totaling approximately 1.80 acres in Medford, New Jersey. The building dates to 1965 and features aluminum siding, central air, and multiple cooling units. Site improvements include a driveway, parking lot, and approximately 20 on-site parking spaces.
The property combines an office building with a substantial land component and established wooded grounds. Commercial zoning may provide flexibility for permitted business uses, subject to verification of applicable requirements and Medford Township approvals. Buyers should independently confirm zoning, utilities, lot configuration, and any future development or expansion considerations with the township.
The property combines an office building with a substantial land component and established wooded grounds. Commercial zoning may provide flexibility for permitted business uses, subject to verification of applicable requirements and Medford Township approvals. Buyers should independently confirm zoning, utilities, lot configuration, and any future development or expansion considerations with the township.
Key Highlights
- Two‑lot property totaling approximately 1.80 acres
- Approximately 20 on‑site parking spaces
- Commercial zoning, subject to permitted uses and approvals
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
$36,782
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
4.91%
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%
$735,640
$735.6K
Cap Rate 7%
$525,457
$525.5K
Cap Rate 9%
$408,689
$408.7K
Market Conditions
NOI Build-Up for 4,100 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
$55.1K $13.44/SF
− Vacancy
−$6.1K −$1.48/SF
EGI
$49.0K $11.96/SF
− OpEx
−$12.3K −$2.99/SF
NOI
$36.8K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /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%
$735,640
Cap Rate 7%
$525,457
Cap Rate 9%
$408,689
Alternative Uses
Best Use
Office B
$525.5K
$459.8K – $613.0K
NOI $36,782 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.58M
$7.50M – $10.00M
NOI $600,255 @ 7.0% cap · market cap 80.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
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?
Office building - Commercial zoning and on-site parking support business use, subject to permitted uses and required approvals.
Where is this office building located?
The property is located at 172 TUCKERTON Road Medford, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑lot property totaling approximately 1.80 acres; Approximately 20 on‑site parking spaces; Commercial zoning, subject to permitted uses and approvals
