Building Details

Building Size 7,200 SF

Year Built 2011

Listed By: Daniel Lanni Show Phone

Source: Kislakrealty

Added: Mar 5 Changed: Oct 13 Last Checked: Oct 19 at 5:07AM

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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 Daniel Lanni

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Investment Insights

Based on property information with market context.

This professional building, constructed in 2011, offers approximately 7208 square feet of space on a property of just under an acre. Located near the center of Jackson, NJ, the property is suitable for investors seeking immediate contractual income from a medical anchor tenant, with potential for additional revenue through leasing or occupying the available professional suite. The building is approximately 86% leased by an orthodontist with a modified NNN lease, providing a steady income stream. The first floor comprises a 4114-square-foot orthodontic office, featuring a large reception area with carpet, two restrooms with porcelain tile, and commercial vinyl planking throughout most of the office space. The second floor offers approximately 1620 square feet of flexible, sharable space, including a large conference room, kitchenette, laundry room, business office, and restrooms. The second floor is finished with carpet and porcelain tile. The front stairwell provides access to approximately 1000 square feet of available space, while the orthodontic office utilizes the rear stairwell. The third floor consists of an unfinished, walkable attic housing the mechanical systems and providing additional storage space.

Key Highlights

• Immediate contractual income from an 86% leased building with a medical anchor tenant (orthodontist).
• Revenue growth potential through lease‑up of the available professional suite (approximately 1000 sf).
• Relatively new construction (built in 2011).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$110,160

Cap Rate

4.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,203,200 $2.2M

Cap Rate 7%

$1,573,714 $1.6M

Cap Rate 9%

$1,224,000 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,200 SF

Gross rent

$216.0K $30.00/SF

− Vacancy

−$69.1K −$9.60/SF

EGI

$146.9K $20.40/SF

− OpEx

−$36.7K −$5.10/SF

NOI

$110.2K $15.30/SF

Area

Ocean County, NJ

Vacancy

32.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,203,200

Cap Rate 7%

$1,573,714

Cap Rate 9%

$1,224,000

Alternative Uses

Best Use

Office B

$1.57M

$1.38M – $1.84M (±1% cap)

NOI $110,160 @ 7.0% cap · market cap 4.41%

Second Best

Healthcare Medical

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,205 @ 7.0% cap · market cap 4.29%

Theoretical Best

Office A

$1.88M

$1.65M – $2.19M (±1% cap)

NOI $131,604 @ 7.0% cap · market cap 5.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Parking Lot & Garage Restaurant Auto Repair Shop Real Estate Agency Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Well-served

Demand for This Use

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Professional building with medical tenant in central Jackson, NJ.

Where is this medical office space located?

The property is located at 186 West Veterans Highway Jackson, NJ.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Immediate contractual income from an 86% leased building with a medical anchor tenant (orthodontist).; Revenue growth potential through lease‑up of the available professional suite (approximately 1000 sf).; Relatively new construction (built in 2011).