Medical Office Suite with Exam
For Sale
$210,000
2301 E Evesham Ave Unit 503, Voorhees, NJ 08043
Configured with reception, private office, lab space, and two restrooms for immediate occupancy.
Property Size1,452 SF
Price / SF$144.63
Days on Market48
Property Features for 2301 E Evesham Ave Unit 503
General Information
Standard status
Active
Size
1,452 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Building Details
Year Built
1988
Listing Agency:
Century 21 Reilly Realtors
Listed By:
Cheryl L Faltenbacher · License #563356
(856) 745-0370
Source:
Kableteam
Added: Sep 2
Changed: Oct 13
Last Checked: Oct 7 at 2:56PM
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 Century 21 Reilly Realtors
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Investment Insights
Based on property information with market context.
This 1,452-square-foot medical office suite offers a practical layout for healthcare or professional office use. The interior includes a reception area, front office, five exam rooms, two restrooms, a lunchroom, lab space, and a large private office. The suite is available immediately and was previously configured for medical operations.
Built in 1988, the property is located at 2301 E Evesham Ave Unit 503 in Voorhees, New Jersey. It sits near Evesham Road with access to Route 73, I-295, and surrounding South Jersey markets. The address places the suite within a residential and commercial corridor in Camden County, supporting convenient access for office users and visitors.
Built in 1988, the property is located at 2301 E Evesham Ave Unit 503 in Voorhees, New Jersey. It sits near Evesham Road with access to Route 73, I-295, and surrounding South Jersey markets. The address places the suite within a residential and commercial corridor in Camden County, supporting convenient access for office users and visitors.
Key Highlights
- 1,452‑square‑foot medical office suite
- Five exam rooms, reception area, and front office
- Two restrooms, lunchroom, and lab space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,814
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,280
$356.3K
Cap Rate 7%
$254,486
$254.5K
Cap Rate 9%
$197,933
$197.9K
Market Conditions
NOI Build-Up for 1,452 SF
Gross rent
$34.8K $24.00/SF
− Vacancy
−$5.2K −$3.55/SF
EGI
$29.7K $20.45/SF
− OpEx
−$11.9K −$8.18/SF
NOI
$17.8K $12.27/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,280
Cap Rate 7%
$254,486
Cap Rate 9%
$197,933
Alternative Uses
Best Use
Office B
$291.1K
$254.7K – $339.6K
NOI $20,375 @ 7.0% cap · market cap 9.70%
Second Best
Healthcare Medical
$254.5K
$222.7K – $296.9K
NOI $17,814 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$368.2K
$322.1K – $429.5K
NOI $25,771 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with reception, private office, lab space, and two restrooms for immediate occupancy.
Where is this medical office space located?
The property is located at 2301 E Evesham Ave Unit 503 Voorhees, NJ.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,452‑square‑foot medical office suite; Five exam rooms, reception area, and front office; Two restrooms, lunchroom, and lab space
