Medical Office Condo With Exam
For Sale
$230,000
2081 Klockner Road, Hamilton, NJ 08690
Flexible professional layout includes reception, private offices, lab space, and multiple restrooms.
Property Size1,500 SF
Price / SF$153.33
Days on Market313
Property Features for 2081 Klockner Road
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,665
Amenities
Central Air
3
Vinyl, Carpet
COMMERCIAL
Parking.
Lot, Handicap Parking, Unassigned.
0.00 x 0.00
Business Park.
Building Details
Year Built
1988
Listing Agency:
(215) 968-7400
Listed By:
Newtown
(609) 306-2302
Source:
Xome
Added: Oct 25, 2025
Changed: Sep 1
Last Checked: Sep 1 at 3:29PM
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 Newtown
Investment Insights
Based on property information with market context.
This 1,500-square-foot condominium is configured for medical office use within the Professional Center at Hamilton. The existing layout includes a waiting area, reception counter, private office with adjoining file room, four exam rooms, a dedicated lab, an executive office with a separate entrance, kitchenette, and both full and half baths. Central air, vinyl and carpet flooring, and a flexible floor plan support future reconfiguration for a range of professional operations.
The property is less than one mile from RWJ Hamilton Hospital, with major highways nearby. Hamilton Train Station is 3.5 miles away, and NJ Transit bus service is available. Parking includes handicap parking and unassigned spaces. Built in 1988, the unit offers a defined medical-office configuration with room to adapt the interior to changing operational requirements.
The property is less than one mile from RWJ Hamilton Hospital, with major highways nearby. Hamilton Train Station is 3.5 miles away, and NJ Transit bus service is available. Parking includes handicap parking and unassigned spaces. Built in 1988, the unit offers a defined medical-office configuration with room to adapt the interior to changing operational requirements.
Key Highlights
- 1,500‑square‑foot medical office condominium
- Existing layout includes four exam rooms and a dedicated lab
- Executive office has a separate private entrance
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
$20,829
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
9.06%
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%
$416,580
$416.6K
Cap Rate 7%
$297,557
$297.6K
Cap Rate 9%
$231,433
$231.4K
Market Conditions
NOI Build-Up for 1,500 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
$44.3K $29.52/SF
− Vacancy
−$9.6K −$6.38/SF
EGI
$34.7K $23.14/SF
− OpEx
−$13.9K −$9.26/SF
NOI
$20.8K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /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%
$416,580
Cap Rate 7%
$297,557
Cap Rate 9%
$231,433
Alternative Uses
Best Use
Healthcare Medical
$297.6K
$260.4K – $347.2K
NOI $20,829 @ 7.0% cap · market cap 9.06%
Second Best
Office B
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 5.85%
Theoretical Best
Warehouse
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08690, NJ
19,470
Population
8,068
Households
2.4
Avg Household Size
47
Median Age
45%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
2,781
Density / Sq Mi
$122,665
Median Household Income
$65,581
Median Earnings
$1,561
Median Rent
$362,700
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?
Medical Office Space - Flexible professional layout includes reception, private offices, lab space, and multiple restrooms.
Where is this medical office space located?
The property is located at 2081 Klockner Road Hamilton, NJ.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,500‑square‑foot medical office condominium; Existing layout includes four exam rooms and a dedicated lab; Executive office has a separate private entrance
