Medical Office Condo For
For Sale
$1,000,000
2103 Klockner Road, Hamilton, NJ 08690
Medical office condo with waiting and exam rooms available for sale.
Property Size4,428 SF
Price / SF$225.84
Days on Market262
Property Features for 2103 Klockner Road
General Information
Standard status
Active
Size
4,428 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1988
Listing Agency:
Joseph R Ridolfi & Associates LLC
(609) 581-4848
Listed By:
Joseph R Ridolfi · License #7819144
Source:
Deepcreeklake
Added: Dec 4, 2025
Changed: Aug 23
Last Checked: Aug 22 at 8:28AM
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 Joseph R Ridolfi & Associates LLC
Investment Insights
Based on property information with market context.
This medical office condo is available for sale as one of three contiguous units. The condo includes waiting areas, check-in windows, reception desks, exam rooms, and ADA bathrooms. Storage areas are also present. The property is part of a package with two other condos also available for sale. The total area of the three units available for lease is 4428 square feet.
Key Highlights
- Medical office condo with existing build‑out including waiting areas, check‑in windows, reception desks, exam rooms, and ADA bathrooms
- Opportunity to purchase individually or as a package with two other contiguous units (2105 & 2107)
- Available for lease as a package with two other units (total 4428 SF)
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
$61,488
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
6.15%
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%
$1,229,760
$1.2M
Cap Rate 7%
$878,400
$878.4K
Cap Rate 9%
$683,200
$683.2K
Market Conditions
NOI Build-Up for 4,428 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
$130.7K $29.52/SF
− Vacancy
−$28.2K −$6.38/SF
EGI
$102.5K $23.14/SF
− OpEx
−$41.0K −$9.26/SF
NOI
$61.5K $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%
$1,229,760
Cap Rate 7%
$878,400
Cap Rate 9%
$683,200
Alternative Uses
Best Use
Healthcare Medical
$878.4K
$768.6K – $1.02M
NOI $61,488 @ 7.0% cap · market cap 6.15%
Second Best
Office B
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 3.97%
Theoretical Best
Warehouse
$1.42M
$1.25M – $1.66M
NOI $99,726 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo with waiting and exam rooms available for sale.
Where is this medical office space located?
The property is located at 2103 Klockner Road Hamilton, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Medical office condo with existing build‑out including waiting areas, check‑in windows, reception desks, exam rooms, and ADA bathrooms; Opportunity to purchase individually or as a package with two other contiguous units (2105 & 2107); Available for lease as a package with two other units (total 4428 SF)
