Medical Office
For Sale
$2,695,000
186 W Veterans Highway Unit 186, Jackson, NJ 08527
Multi-level professional property with an established orthodontic practice and additional flexible office space.
Property Size7,200 SF
Price / SF$373.89
Days on Market223
Property Features for 186 W Veterans Highway Unit 186
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Office
Occupancy
86%
Additional Details
Office Units
2
Amenities
conference room
kitchenette
laundry room
business office
restrooms
storage
Central Air
3
Tile, Concrete, Other
37 Parking Spaces.
Sidewalks, Landscaped.
Building Details
Year Built
2011
Buildings
1
Stories
3
Building Size
7,200 SF
Tenancy
Multi
Listing Agency:
VRI Homes
(732) 264-9511
Listed By:
Mary Etta Gregory
(732) 264-9511
Source:
Xome
Added: Jan 19
Changed: Aug 29
Last Checked: Aug 29 at 7:20PM
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 VRI Homes
Investment Insights
Based on property information with market context.
Constructed in 2011, this approximately 7,200-square-foot office building occupies just under an acre and includes three levels. The first floor contains a 4,114-square-foot orthodontic office with a substantial reception area, two restrooms, commercial vinyl plank flooring, carpet, and porcelain tile. A modified NNN lease supports the existing medical occupancy, which is approximately 86% leased.
The second floor provides approximately 1,620 square feet of adaptable professional space with a conference room, kitchenette, laundry room, business office, and restrooms. A separate front stairwell serves an available suite of approximately 1,000 square feet, while the orthodontic office is accessed from the rear stairwell. The unfinished, walkable third-floor attic houses the mechanical systems and provides additional storage. Central air, 37 parking spaces, sidewalks, and landscaped grounds are included.
The second floor provides approximately 1,620 square feet of adaptable professional space with a conference room, kitchenette, laundry room, business office, and restrooms. A separate front stairwell serves an available suite of approximately 1,000 square feet, while the orthodontic office is accessed from the rear stairwell. The unfinished, walkable third-floor attic houses the mechanical systems and provides additional storage. Central air, 37 parking spaces, sidewalks, and landscaped grounds are included.
Key Highlights
- Approximately 7,208 SF professional office building on just under an acre
- Built in 2011 with approximately 86% leased occupancy
- First‑floor 4,114‑SF orthodontic office with reception area and 2 restrooms
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
$101,146
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
3.75%
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%
$2,022,920
$2.0M
Cap Rate 7%
$1,444,943
$1.4M
Cap Rate 9%
$1,123,844
$1.1M
Market Conditions
NOI Build-Up for 7,208 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
$158.3K $21.96/SF
− Vacancy
−$23.4K −$3.25/SF
EGI
$134.9K $18.71/SF
− OpEx
−$33.7K −$4.68/SF
NOI
$101.1K $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 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%
$2,022,920
Cap Rate 7%
$1,444,943
Cap Rate 9%
$1,123,844
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.69M
NOI $101,146 @ 7.0% cap · market cap 3.75%
Second Best
Healthcare Medical
$1.26M
$1.11M – $1.47M
NOI $88,434 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,934 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
86%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 08527, NJ
57,925
Population
21,755
Households
2.7
Avg Household Size
41
Median Age
39%
College-Educated
94%
High-School Grad
85.4 sq mi
ZIP Area
678
Density / Sq Mi
$109,059
Median Household Income
$55,349
Median Earnings
$1,693
Median Rent
$460,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-level professional property with an established orthodontic practice and additional flexible office space.
Where is this office building located?
The property is located at 186 W Veterans Highway Unit 186 Jackson, NJ.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Approximately 7,208 SF professional office building on just under an acre; Built in 2011 with approximately 86% leased occupancy; First‑floor 4,114‑SF orthodontic office with reception area and 2 restrooms
