Medical Office Suite With Five
For Sale
Contact for pricing
27 COVERED BRIDGE ROAD, Cherry Hill, NJ 08034
Reception, kitchenette, and four sink-equipped rooms support medical and other professional services.
Property Size1,600 SF
Price / SF$2.81
Days on Market97
Property Features for 27 COVERED BRIDGE ROAD
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Amenities
kitchenette
powder room
Building Details
Year Built
1965
Listing Agency:
Weichert Realtors - Moorestown
(856) 235-1950
Listed By:
Lakshmi Kasukurthi · License #1758715
(848) 391-1470
Source:
Cummingsrealtors
Added: Jul 31
Changed: Nov 3
Last Checked: Nov 3 at 7:15AM
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 Weichert Realtors - Moorestown
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Investment Insights
Based on property information with market context.
This 1,600-square-foot medical office suite, built in 1965, is organized around a central corridor with rooms positioned along both sides. The layout includes a reception area, five private rooms, a kitchenette, and a powder room. Built-in shelving and counters add functional workspace within each private room, while four rooms have sinks to support medical, dental, beauty, therapy, laboratory, or other professional operations.
The property is located at 27 Covered Bridge Road in Cherry Hill, New Jersey. Its existing room count and service-oriented improvements provide a practical configuration for an established practice or professional office user seeking dedicated rooms and reception space.
The property is located at 27 Covered Bridge Road in Cherry Hill, New Jersey. Its existing room count and service-oriented improvements provide a practical configuration for an established practice or professional office user seeking dedicated rooms and reception space.
Key Highlights
- 1,600 SF medical office suite at 27 Covered Bridge Road
- Five private rooms with built‑in shelving and counters
- Four private rooms include sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,460
$476.5K
Cap Rate 7%
$340,329
$340.3K
Cap Rate 9%
$264,700
$264.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$42.2K $26.40/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$39.7K $24.82/SF
− OpEx
−$15.9K −$9.93/SF
NOI
$23.8K $14.89/SF
Area
Bergen County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,460
Cap Rate 7%
$340,329
Cap Rate 9%
$264,700
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 544.00%
Second Best
Healthcare Medical
$340.3K
$297.8K – $397.1K
NOI $23,823 @ 7.0% cap · market cap 529.40%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 649.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception, kitchenette, and four sink-equipped rooms support medical and other professional services.
Where is this medical office space located?
The property is located at 27 COVERED BRIDGE ROAD Cherry Hill, NJ.
What are key features of this property?
This property features: 1,600 SF medical office suite at 27 Covered Bridge Road; Five private rooms with built‑in shelving and counters; Four private rooms include sinks
