Leased Medical Office
New
For Sale
Contact for pricing
435 West Landis Avenue, Vineland, NJ 08360
The lease has approximately seven years remaining, with no landlord responsibilities stated.
Property Size3,500 SF
Price / SF$315.27
Days on Market4
Property Features for 435 West Landis Avenue
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Office
Building Details
Tenancy
Single
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #9009637
(949) 942-6585
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:20PM
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 ParaSell Inc
Investment Insights
Based on property information with market context.
This 3,500-square-foot medical office property in Vineland, New Jersey, is occupied by Affinity Dental Care. The lease has approximately seven years remaining, and the property is offered with no landlord responsibilities stated.
The surrounding healthcare market includes Inspira Medical Center Vineland, a regional hospital with 262 beds on a 62-acre medical campus.
The surrounding healthcare market includes Inspira Medical Center Vineland, a regional hospital with 262 beds on a 62-acre medical campus.
Key Highlights
- 3,500‑square‑foot medical office occupied by Affinity Dental Care
- Approximately 7 years of lease term remain
- No landlord responsibilities stated
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
$46,305
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
4.20%
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%
$926,100
$926.1K
Cap Rate 7%
$661,500
$661.5K
Cap Rate 9%
$514,500
$514.5K
Market Conditions
NOI Build-Up for 3,500 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
$88.2K $25.20/SF
− Vacancy
−$11.0K −$3.15/SF
EGI
$77.2K $22.05/SF
− OpEx
−$30.9K −$8.82/SF
NOI
$46.3K $13.23/SF
Area
Cumberland County, NJ
Vacancy
12.50%
Lease Rate
$25.20 /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%
$926,100
Cap Rate 7%
$661,500
Cap Rate 9%
$514,500
Alternative Uses
Best Use
Office B
$4.27M
$3.74M – $4.98M
NOI $298,998 @ 7.0% cap · market cap 27.10%
Second Best
Healthcare Medical
$661.5K
$578.8K – $771.8K
NOI $46,305 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$5.26M
$4.60M – $6.13M
NOI $367,870 @ 7.0% cap · market cap 33.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
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 - The lease has approximately seven years remaining, with no landlord responsibilities stated.
Where is this medical office space located?
The property is located at 435 West Landis Avenue Vineland, NJ.
What is the asking price?
The asking price for this property is $1,103,450.
What are key features of this property?
This property features: 3,500‑square‑foot medical office occupied by Affinity Dental Care; Approximately 7 years of lease term remain; No landlord responsibilities stated
