Medical Office Building
For Sale
Contact for pricing
340 Egg Harbor Rd, Sewell, NJ 08080
Medical office building with exam rooms, private offices, and lab/X-ray space across multiple finished levels.
Property Size6,200 SF
Price / SF$290.32
Days on Market349
Property Features for 340 Egg Harbor Rd
General Information
Standard status
Active
Size
6,200 SF
Total Parking Spaces
25
Property subtype
OFFICE
Amenities
finished lounge/conference area with kitchen
Building Details
Stories
3
Listing Agency:
NAI Mertz - Corporate
(856) 234-9600
Listed By:
Joe Riggs
(609) 352-1162
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Sep 10
Last Checked: Sep 11 at 11:37AM
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 NAI Mertz - Corporate
Investment Insights
Based on property information with market context.
This medical office building is available for occupancy beginning June 2026 and features an existing medical fitout with upgraded interior finishes. The 1st floor includes eight exam rooms, two private offices, and lab/X-ray space. The 2nd floor offers three private offices and a bullpen area. The lower level is finished with a lounge/conference area and an included kitchen.
On-site parking includes 25 spaces. Showings are available by appointment only.
On-site parking includes 25 spaces. Showings are available by appointment only.
Key Highlights
- Available June 2026 for medical office use
- 1st floor includes 8 exam rooms, 2 private offices, and lab/x‑ray space
- 2nd floor features 3 private offices and a bullpen area
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
$97,776
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
5.43%
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%
$1,955,520
$2.0M
Cap Rate 7%
$1,396,800
$1.4M
Cap Rate 9%
$1,086,400
$1.1M
Market Conditions
NOI Build-Up for 6,200 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
$160.0K $25.80/SF
− Vacancy
−$29.6K −$4.77/SF
EGI
$130.4K $21.03/SF
− OpEx
−$32.6K −$5.26/SF
NOI
$97.8K $15.77/SF
Area
Gloucester County, NJ
Vacancy
18.50%
Lease Rate
$25.80 /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%
$1,955,520
Cap Rate 7%
$1,396,800
Cap Rate 9%
$1,086,400
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,776 @ 7.0% cap · market cap 5.43%
Second Best
Healthcare Medical
$978.5K
$856.2K – $1.14M
NOI $68,494 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,885 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with exam rooms, private offices, and lab/X-ray space across multiple finished levels.
Where is this medical office space located?
The property is located at 340 Egg Harbor Rd Sewell, NJ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Available June 2026 for medical office use; 1st floor includes 8 exam rooms, 2 private offices, and lab/x‑ray space; 2nd floor features 3 private offices and a bullpen area
