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Medical Office Condo For Sale

303 Candlewood Cmns, Howell, NJ 07731

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For Sale

$725,000

Three contiguous medical condo units, ideal for medical practice.

Property size:

3,100 SF

Price / SF:

$233/SF

HighLights

Three contiguous medical condo units offering 2100 sqft, ideal for medical or general office purposes.
Configured as a medical spa/physical therapy office, featuring treatment/exam rooms and lavatories.
Option to purchase an additional adjoining 1000 sqft unit, expanding the space to a total of 3100 sqft.
Beautifully finished and impeccably maintained interiors.
Easily convertible to a regular office space.
Located in the heart of the city.

We can help!

Listing Contact

MICHELLE DAVID

For Sale

$725,000

Three contiguous medical condo units, ideal for medical practice.

Property size:

3,100 SF

Price / SF:

$233/SF

Added:: Jun 4, 2025
Days on Market:: 374
Last Refresh:: Mar 16 at 9:09 am

Property Features for 303 Candlewood Cmns

General Information

Standard status: Active
Size: 3,100 SF

Building Details

Year Built: 1981

We can help!

Listing Contact

MICHELLE DAVID

Listing agent MICHELLE DAVID License #NJ0998053047

Listing office MICHELLE DAVID REALTY GROUP

Listing date Jun 4, 2025

Source Corcoran

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 MICHELLE DAVID REALTY GROUP

HighLights

Three contiguous medical condo units offering 2100 sqft, ideal for medical or general office purposes.
Configured as a medical spa/physical therapy office, featuring treatment/exam rooms and lavatories.
Option to purchase an additional adjoining 1000 sqft unit, expanding the space to a total of 3100 sqft.
Beautifully finished and impeccably maintained interiors.
Easily convertible to a regular office space.
Located in the heart of the city.

Overview

Three contiguous medical condo units are available for sale, currently configured as a physical therapy office. The space includes seven treatment or exam rooms and three lavatories. The configuration can be easily modified and is meticulously maintained. Unit 301, which is the gym shown on the floor plan, is available for $225,000, while units 302 and 303 are available for $500,000. Alternatively, all three properties, 301-303, are for sale. These are currently set up as a medical spa, featuring a spacious waiting area, two bathrooms, and beautifully finished interiors. This versatile space can also be easily converted into a regular office, providing possibilities for various business needs. The property offers a combination of functionality and aesthetics, suitable for medical professionals looking to expand their practice or business owners seeking a well-designed office space. The total space comprises 3100 square feet. The property is located in Howell Twp., NJ.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.0k	$30.00
− Vacancy	−$29.8k	−$9.60
EGI	$63.2k	$20.40
− OpEx	−$15.8k	−$5.10
NOI	$47.4k	$15.30

3,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$677.6K

$592.9K – $790.5K (±1% cap)

NOI $47,430 @ 7.0% cap · market cap 6.54%

Second Best

Healthcare Medical

$659.4K

$577.0K – $769.3K (±1% cap)

NOI $46,158 @ 7.0% cap · market cap 6.37%

Theoretical Best

Office A

$809.5K

$708.3K – $944.4K (±1% cap)

NOI $56,663 @ 7.0% cap · market cap 7.82%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

Coastal Elite Veterinary Services — 3701 US-9, Howell Township, NJ 07731
Priority Vet - Pet Urgent Care of Howell — 4012 US-9, Howell Township, NJ 07731
True Care Veterinary Hospital — 524 New Friendship Rd, Howell Township, NJ 07731

Location Insight

Map
Local Demand

City: Howell
County: Monmouth
State: New Jersey
Longitude: -74.2244
Latitude: 40.1473

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For sale
Medical Office Space
NJ
Howell
07731
303 Candlewood Cmns

What type of property is this?

Medical Office Space - Three contiguous medical condo units, ideal for medical practice.

Where is this medical office space located?

The property is located at 303 Candlewood Cmns Howell, NJ.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Three contiguous medical condo units offering 2100 sqft, ideal for medical or general office purposes.; Configured as a medical spa/physical therapy office, featuring treatment/exam rooms and lavatories.; Option to purchase an additional adjoining 1000 sqft unit, expanding the space to a total of 3100 sqft.