Specialized Medical Center with X-Ray
New
For Sale
$1,100,000
220 Brighton Rd, Cape May Court House, NJ 08210
Standalone healthcare building with treatment rooms, reception areas, compliant restrooms, and paved parking.
Property Size3,000 SF
Price / SF$366.67
Days on Market2
Property Features for 220 Brighton Rd
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
19
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
client bathrooms
Building Details
Buildings
1
Listing Agency:
Rio Realty
Listed By:
John Renteria · License #3189
(609) 886-2326
Source:
Theoceansiderealtyteam
Added: Sep 7
Last Checked: Sep 7 at 2:33PM
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 Rio Realty
Investment Insights
Based on property information with market context.
This standalone medical center is configured for clinical operations, with 10 patient rooms and a dedicated 8' x 10' lead-shielded x-ray room. The imaging room includes structural radiation-barrier linings and high-voltage electrical tracking panels. A three-part reception arrangement centers on a wrap-around check-in desk with lounge areas on both sides, while two modern client bathrooms serve the facility.
The property includes 19 paved parking spaces, including 2 designated handicap-accessible spaces. It is located less than 1/4 mile from Cooper University Hospital Cape Regional Medical Center and directly borders the main Garden State Parkway thoroughfares, providing proximity to a major healthcare facility and highway visibility.
The property includes 19 paved parking spaces, including 2 designated handicap-accessible spaces. It is located less than 1/4 mile from Cooper University Hospital Cape Regional Medical Center and directly borders the main Garden State Parkway thoroughfares, providing proximity to a major healthcare facility and highway visibility.
Key Highlights
- 10 patient rooms in a clinical treatment layout
- 8' x 10' lead‑shielded x‑ray room with radiation‑barrier linings
- Three‑part reception area with centralized wrap‑around check‑in desk
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
$49,070
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
4.46%
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%
$981,400
$981.4K
Cap Rate 7%
$701,000
$701.0K
Cap Rate 9%
$545,222
$545.2K
Market Conditions
NOI Build-Up for 3,000 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
$83.9K $27.96/SF
− Vacancy
−$18.5K −$6.15/SF
EGI
$65.4K $21.81/SF
− OpEx
−$16.4K −$5.45/SF
NOI
$49.1K $16.36/SF
Area
Cape May County, NJ
Vacancy
22.00%
Lease Rate
$27.96 /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%
$981,400
Cap Rate 7%
$701,000
Cap Rate 9%
$545,222
Alternative Uses
Best Use
Office B
$701.0K
$613.4K – $817.8K
NOI $49,070 @ 7.0% cap · market cap 4.46%
Second Best
Healthcare Medical
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$918.3K
$803.5K – $1.07M
NOI $64,282 @ 7.0% cap · market cap 5.84%
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
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 08210, NJ
17,635
Population
8,374
Households
2.1
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
68.5 sq mi
ZIP Area
257
Density / Sq Mi
$93,855
Median Household Income
$48,086
Median Earnings
$1,538
Median Rent
$337,700
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 center - Standalone healthcare building with treatment rooms, reception areas, compliant restrooms, and paved parking.
Where is this medical center located?
The property is located at 220 Brighton Rd Cape May Court House, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10 patient rooms in a clinical treatment layout; 8' x 10' lead‑shielded x‑ray room with radiation‑barrier linings; Three‑part reception area with centralized wrap‑around check‑in desk
