Leased Medical Office
New
For Sale
$1,399,000
3069 English Creek Road, Egg Harbor Township, NJ 08234
COMMERCIAL - Egg Harbor Township, NJ
Property Size3,174 SF
Lot Size4.37 Acres
Price / SF$440.77
Days on Market3
Property Features for 3069 English Creek Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Black horse pike to english creek
Subdivision
Egg Harbor Twp
Standard status
Active
Lot size
4.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13335
Amenities
central heating and air conditioning
prominent signage
Listing Agency:
LPT Realty
(877) 366-2213
Listed By:
Christine Jordan · License #1971657
(609) 742-1288
Added: Aug 15
Last Checked: Aug 17 at 2:06AM
MLS# 610932
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,174-square-foot medical office suite is operating as a dental office and is subject to an existing lease. The property includes central heating and air conditioning, prominent signage, and surface parking within a brick-and-stone professional complex. The reported cap rate is approximately 6%. The property is situated on a 4.37-acre site.
Located at 3069 English Creek Road in Egg Harbor Township, the office is part of Providence Professional Park at English Creek. The surrounding commercial and medical corridor includes medical providers, professional offices, retail businesses, and national retailers. Nearby destinations identified for the property include AtlantiCare facilities, Home Depot, Lowe's, major shopping areas, and primary roadways serving Egg Harbor Township and Atlantic County.
Located at 3069 English Creek Road in Egg Harbor Township, the office is part of Providence Professional Park at English Creek. The surrounding commercial and medical corridor includes medical providers, professional offices, retail businesses, and national retailers. Nearby destinations identified for the property 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 dental office suite with an existing lease
- Operating dental office within Providence Professional Park at English Creek
- Approximately 6% cap rate
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Operating dental suite within a professional medical complex with central HVAC and surface parking.
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 SF dental office suite with an existing lease; Operating dental office within Providence Professional Park at English Creek; Approximately 6% cap rate
