Renovated Medical Facility in
For Sale
$850,000
4 CHESTER AVENUE, Medford, NJ 08055
Fully renovated medical facility with expansion potential on 1.668 acres.
Property Size4,092 SF
Lot Size1.67 Acres
Days on Market176
Property Features for 4 CHESTER AVENUE
General Information
Standard status
Active
Size
4,092 SF
Lot size
1.67 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$14,009
Building Details
Building Size
4,092 SF
Year Built
1964
Listing Agency:
Keller Williams Realty - Marlton
Listed By:
James L Moffa · License #901791
(609) 458-3711
Source:
Patmckennarealtors
Added: Apr 10
Changed: Oct 1
Last Checked: Oct 1 at 7:51PM
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 Keller Williams Realty - Marlton
Investment Insights
Based on property information with market context.
This is a fully renovated, full-service medical facility located in Medford Township, within BDZ2 zoning. The property features five to seven patient rooms, a reception and waiting area, private offices and meeting spaces, and a break room. The layout is designed for efficiency and comfort, with excellent natural and interior lighting. Recent updates include new HVAC systems and modern finishes. Medical equipment may be available with purchase or lease options. Additional features include a two-car attached garage and ample on-site parking. The property is situated on a ±1.668-acre lot, offering flexibility for future expansion or a residential conversion opportunity.
Key Highlights
- Fully renovated, full‑service medical facility ready for immediate professional use.
- Conveniently located in Medford Township with BDZ2 zoning.
- Includes five to seven patient rooms, reception area, private offices, and break room.
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
$56,870
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
6.69%
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%
$1,137,400
$1.1M
Cap Rate 7%
$812,429
$812.4K
Cap Rate 9%
$631,889
$631.9K
Market Conditions
NOI Build-Up for 4,092 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
$102.1K $24.96/SF
− Vacancy
−$7.4K −$1.80/SF
EGI
$94.8K $23.16/SF
− OpEx
−$37.9K −$9.27/SF
NOI
$56.9K $13.90/SF
Area
Burlington County, NJ
Vacancy
7.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
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%
$1,137,400
Cap Rate 7%
$812,429
Cap Rate 9%
$631,889
Alternative Uses
Best Use
Healthcare Medical
$812.4K
$710.9K – $947.8K
NOI $56,870 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.56M
$7.49M – $9.98M
NOI $599,084 @ 7.0% cap · market cap 70.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Fully renovated medical facility with expansion potential on 1.668 acres.
Where is this medical center located?
The property is located at 4 CHESTER AVENUE Medford, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully renovated, full‑service medical facility ready for immediate professional use.; Conveniently located in Medford Township with BDZ2 zoning.; Includes five to seven patient rooms, reception area, private offices, and break room.
