Leased Medical Office
For Sale
$1,399,000
3069 English Creek Road, Egg Harbor Township, NJ 08234
An active dental office occupies the suite under an existing lease.
Property Size3,174 SF
Price / SF$440.77
Days on Market76
Property Features for 3069 English Creek Road
General Information
Standard status
Active
Size
3,174 SF
Property subtype
COMMERCIAL
Additional Details
Condition
Turnkey
Cap Rate
6%
Property Use
Dental Office
Medical Specialty
dental
Taxes and HOA fees
Annual Taxes
$13,335
Amenities
central heating and air conditioning
prominent signage
Building Details
Construction
brick and stone
Tenancy
Single
Listing Agency:
Fox & Roach, REALTORS
Listed By:
Hartman Home Team
(609) 487-7234
Source:
Hartmanhometeam
Added: Aug 15
Changed: Oct 27
Last Checked: Oct 27 at 3:46AM
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 Fox & Roach, REALTORS
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Investment Insights
Based on property information with market context.
This 3,174-square-foot medical office suite is operating as a dental office and has a lease in place. The property is part of Providence Professional Park, a professional complex with brick and stone construction, prominent signage, central heating and air conditioning, and surface parking. The reported cap rate is approximately 6%.
The property fronts English Creek Road in Egg Harbor Township, within a commercial and medical corridor that includes medical providers, professional offices, retail businesses, and national businesses. AtlantiCare facilities, Home Depot, Lowe’s, shopping areas, and primary roadways serving Egg Harbor Township and Atlantic County are identified nearby.
The property fronts English Creek Road in Egg Harbor Township, within a commercial and medical corridor that includes medical providers, professional offices, retail businesses, and national businesses. AtlantiCare facilities, Home Depot, Lowe’s, shopping areas, and primary roadways serving Egg Harbor Township and Atlantic County are identified nearby.
Key Highlights
- 3,174‑square‑foot suite currently operating as a dental office
- Existing lease in place; reported cap rate is approximately 6%
- Located in Providence Professional Park, with brick and stone construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,503
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Balanced
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Ocean Heights Animal Hospital — 501 Zion Rd, Egg Harbor Township, NJ 08234
- Marina R Acocella, DVM (Ocean Heights Animal Hospital) — 501 Zion Rd, Egg Harbor Township, NJ 08234
- Rose Edward L DVM — 501 Zion Rd, Egg Harbor Township, NJ 08234, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - An active dental office occupies the suite under an existing lease.
Where is this medical office space located?
The property is located at 3069 English Creek Road 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‑square‑foot suite currently operating as a dental office; Existing lease in place; reported cap rate is approximately 6%; Located in Providence Professional Park, with brick and stone construction
