Office Property on Two
New
For Sale
$749,000
172 TUCKERTON ROAD, Medford, NJ 08055
Commercially zoned office property with central air, on-site parking, and established grounds across a substantial two-lot setting.
Property Size4,158 SF
Lot Size1.80 Acres
Price / SF$180.13
Days on Market4
Property Features for 172 TUCKERTON ROAD
General Information
Standard status
Active
Size
4,158 SF
Total Parking Spaces
20
Lot size
1.80 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$16,342
Amenities
Central Air
3
Carpet, Wood
Shingle
Parking.
Driveway, Lot.
Building Details
Year Built
1965
Listing Agency:
Century 21 Alliance-Medford
(609) 654-8797
Listed By:
James Bergman · License #2220233
(609) 320-0572
Source:
Xome
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 10 at 5:47AM
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 Century 21 Alliance-Medford
Investment Insights
Based on property information with market context.
This office property includes commercial space built in 1965, with central air and a combination of carpet and wood flooring. The building is positioned on two lots totaling approximately 1.80 acres, providing a larger site configuration than typical leased or condominium office alternatives. On-site parking, a driveway, established grounds, and a wooded setting support day-to-day access for employees and visitors.
The property is located at 172 Tuckerton Road in Medford, New Jersey, and carries commercial zoning. Any permitted uses, utility details, lot configuration, and potential for expansion or redevelopment are subject to independent verification with Medford Township. The site may accommodate an owner-user or leasing strategy, subject to applicable approvals and property-specific evaluation.
The property is located at 172 Tuckerton Road in Medford, New Jersey, and carries commercial zoning. Any permitted uses, utility details, lot configuration, and potential for expansion or redevelopment are subject to independent verification with Medford Township. The site may accommodate an owner-user or leasing strategy, subject to applicable approvals and property-specific evaluation.
Key Highlights
- Two lots totaling approximately 1.80 acres
- Approximately 20 on‑site parking spaces
- Office property built in 1965
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
$37,302
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
4.98%
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%
$746,040
$746.0K
Cap Rate 7%
$532,886
$532.9K
Cap Rate 9%
$414,467
$414.5K
Market Conditions
NOI Build-Up for 4,158 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
$55.9K $13.44/SF
− Vacancy
−$6.1K −$1.48/SF
EGI
$49.7K $11.96/SF
− OpEx
−$12.4K −$2.99/SF
NOI
$37.3K $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%
$746,040
Cap Rate 7%
$532,886
Cap Rate 9%
$414,467
Alternative Uses
Best Use
Office B
$532.9K
$466.3K – $621.7K
NOI $37,302 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.70M
$7.61M – $10.15M
NOI $608,746 @ 7.0% cap · market cap 81.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property with central air, on-site parking, and established grounds across a substantial two-lot setting.
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 lots totaling approximately 1.80 acres; Approximately 20 on‑site parking spaces; Office property built in 1965
