Renovated Medical Office
4 Chester Ave Medford, NJ 08055
4 Chester Ave, Medford, NJ, 08055
Contact for pricing
For Sale
Contact for pricing
Fully updated medical office building with reception area, multiple offices, and a recently updated HVAC system.
Property Size4,092 SF
Lot Size1.67 Acres
Price / SF$232.16
Days on Market9
Property Features for 4 Chester Ave
General Information
- Standard status
- Active
- Size
- 4,092 SF
- Lot size
- 1.67 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1964
Listing agency
KW Realty-Medford
(609) 458-3711
Listed by
James Moffa · License #NJ 901791
Source
Crexi
Added: Jul 14 Updated: Jul 22 at 6:08AM Checked: Jul 22 at 6:08AM
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 KW Realty-Medford
Investment Insights
Based on property information with market context.
This renovated office building is presented as a full-service medical facility with a reception and waiting area. The current layout includes five to seven offices, along with flexible spaces that can serve private offices, conference or meeting areas, and a break area, designed to support efficient, professional use. The interior has been well maintained with high-quality finishes, and the HVAC system has been recently updated and customized.
The property sits on a 1.67-acre lot and may be used in its current configuration as two separate units, supporting either single-tenant or multi-tenant occupancy. It is located with access to major transportation routes including I-295 and several U.S. routes, as well as nearby regional turnpikes.
Surrounding amenities include Promenade Shopping Center, Moorestown Mall, Cherry Hill Mall, Centerton Square, and the Marketplace at Garden State Park, and the location is described as being near major medical institutions in the Philadelphia area and South Jersey.
The property sits on a 1.67-acre lot and may be used in its current configuration as two separate units, supporting either single-tenant or multi-tenant occupancy. It is located with access to major transportation routes including I-295 and several U.S. routes, as well as nearby regional turnpikes.
Surrounding amenities include Promenade Shopping Center, Moorestown Mall, Cherry Hill Mall, Centerton Square, and the Marketplace at Garden State Park, and the location is described as being near major medical institutions in the Philadelphia area and South Jersey.
Key Highlights
- 1964‑built fully updated medical office building with a reception and waiting area plus multiple private offices
- Flexible interior layout with five to seven offices, conference/meeting areas, and a break area
- Recently updated HVAC system with new finishes
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.1k | $24.96 |
| − Vacancy | −$7.4k | −$1.80 |
| EGI | $94.8k | $23.16 |
| − OpEx | −$37.9k | −$9.27 |
| NOI | $56.9k | $13.90 |
4,092 SF · lease $24.96/SF/yr · vacancy 7.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$812.4K
$710.9K – $947.8K
NOI $56,870 @ 7.0% cap · market cap 5.99%
Second Best
Office B
$524.4K
$458.9K – $611.8K
NOI $36,710 @ 7.0% cap · market cap 3.86%
Theoretical Best
Warehouse
$8.56M
$7.49M – $9.98M
NOI $599,084 @ 7.0% cap · market cap 63.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Exclusively Cats Medical ...
Veterinary Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Hartford Animal Hospital — 128 NJ-70, Medford, NJ 08055
- Mary Gang — 128 NJ-70 UNIT 10, Medford, NJ 080552371
- Exclusively Cats Medical Center of Medford — 4 Chester Ave, Medford, NJ 08055
FAQs
What type of property is this?
Medical Office Space - Fully updated medical office building with reception area, multiple offices, and a recently updated HVAC system.
Where is this medical office space located?
The property is located at 4 Chester Ave Medford, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1964‑built fully updated medical office building with a reception and waiting area plus multiple private offices; Flexible interior layout with five to seven offices, conference/meeting areas, and a break area; Recently updated HVAC system with new finishes
