Leased Medical Office
For Sale
$1,399,000
3069 English Creek, Egg Harbor Township, NJ 08234
Dental office with an existing lease, professional setting, central HVAC, prominent signage, and surface parking.
Property Size3,174 SF
Price / SF$440.77
Days on Market15
Property Features for 3069 English Creek
General Information
Standard status
Active
Size
3,174 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
6%
Office Units
1
Building Details
Construction
brick and stone
Tenancy
Single
Owner Occupied
No
Listing Agency:
LPT Realty
(609) 742-1288
Listed By:
Christine Jordan · License #12975
Source:
Theoceansiderealtyteam
Added: Aug 17
Changed: Aug 30
Last Checked: Aug 30 at 3:35PM
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 LPT Realty
Investment Insights
Based on property information with market context.
This 3,174 SF medical office suite operates as a dental office within Providence Professional Park at English Creek. The property is leased and offers an approximate 6% cap rate, with central heating and air conditioning, prominent signage, and ample surface parking. The professional complex features brick and stone construction and convenient access.
The property is located along the English Creek commercial and medical corridor in Egg Harbor Township, near established medical providers, professional offices, retail businesses, and national retailers. Nearby destinations include AtlantiCare facilities, Home Depot, Lowe’s, major shopping areas, and primary roadways serving Egg Harbor Township and Atlantic County.
The property is located along the English Creek commercial and medical corridor in Egg Harbor Township, near established medical providers, professional offices, retail businesses, and national retailers. Nearby destinations include AtlantiCare facilities, Home Depot, Lowe’s, major shopping areas, and primary roadways serving Egg Harbor Township and Atlantic County.
Key Highlights
- 3,174 SF medical office suite
- Currently operating as a dental office
- Existing lease with established tenancy
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
$46,503
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
3.32%
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%
$930,060
$930.1K
Cap Rate 7%
$664,329
$664.3K
Cap Rate 9%
$516,700
$516.7K
Market Conditions
NOI Build-Up for 3,174 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
$84.9K $26.76/SF
− Vacancy
−$22.9K −$7.23/SF
EGI
$62.0K $19.53/SF
− OpEx
−$15.5K −$4.88/SF
NOI
$46.5K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /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%
$930,060
Cap Rate 7%
$664,329
Cap Rate 9%
$516,700
Alternative Uses
Best Use
Office B
$664.3K
$581.3K – $775.1K
NOI $46,503 @ 7.0% cap · market cap 3.32%
Second Best
Healthcare Medical
$642.8K
$562.5K – $750.0K
NOI $44,997 @ 7.0% cap · market cap 3.22%
Theoretical Best
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,738 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08234, NJ
46,906
Population
17,728
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
60.7 sq mi
ZIP Area
773
Density / Sq Mi
$96,604
Median Household Income
$46,070
Median Earnings
$1,466
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Newkirk Family Veterinarians — 3085 English Creek Ave, Egg Harbor Township, NJ 08234
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental office with an existing lease, professional setting, central HVAC, prominent signage, and surface parking.
Where is this medical office space located?
The property is located at 3069 English Creek Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,174 SF medical office suite; Currently operating as a dental office; Existing lease with established tenancy
