Medical Office Space with
For Sale
$240,000
445 WHITE HORSE AVE #201 201, Trenton, NJ 08610
Configured for dental, medical, or professional office operations with reception, treatment, support, and restroom areas.
Property Size1,300 SF
Price / SF$184.62
Days on Market36
Property Features for 445 WHITE HORSE AVE #201 201
General Information
Standard status
Active
Size
1,300 SF
Building Details
Abandoned
No
Listing Agency:
Better Homes and Gardens Real Estate Maturo
(908) 418-3517
Listed By:
Seth Davidson · License #1755116
(908) 418-3517
Source:
Opal-realestate
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 29 at 9:25AM
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 Better Homes and Gardens Real Estate Maturo
Investment Insights
Based on property information with market context.
This private 1,300+ square foot office condo is configured for healthcare or professional office use. The existing layout includes two equipped operatories, a third room with plumbing for another operatory, a reception area, divided office rooms, a sterilization room, a kitchen, and two bathrooms. The space is currently used as a dental office and can support other medical or professional configurations.
The property is located at 445 White Horse Ave #201 in Hamilton, New Jersey. On-site parking is provided in a maintained lot, adding practical convenience for staff and visitors. The combination of treatment rooms, administrative areas, plumbing, and support spaces creates a functional office setting for a range of healthcare-related operations.
The property is located at 445 White Horse Ave #201 in Hamilton, New Jersey. On-site parking is provided in a maintained lot, adding practical convenience for staff and visitors. The combination of treatment rooms, administrative areas, plumbing, and support spaces creates a functional office setting for a range of healthcare-related operations.
Key Highlights
- 1,300+ square foot private medical office condo
- Two fully equipped operatories
- Third room plumbed for an additional operatory
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
$18,052
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
7.52%
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%
$361,040
$361.0K
Cap Rate 7%
$257,886
$257.9K
Cap Rate 9%
$200,578
$200.6K
Market Conditions
NOI Build-Up for 1,300 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
$38.4K $29.52/SF
− Vacancy
−$8.3K −$6.38/SF
EGI
$30.1K $23.14/SF
− OpEx
−$12.0K −$9.26/SF
NOI
$18.1K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /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%
$361,040
Cap Rate 7%
$257,886
Cap Rate 9%
$200,578
Alternative Uses
Best Use
Healthcare Medical
$257.9K
$225.7K – $300.9K
NOI $18,052 @ 7.0% cap · market cap 7.52%
Second Best
Office B
$166.6K
$145.8K – $194.4K
NOI $11,663 @ 7.0% cap · market cap 4.86%
Theoretical Best
Warehouse
$418.3K
$366.0K – $488.0K
NOI $29,278 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
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 - Configured for dental, medical, or professional office operations with reception, treatment, support, and restroom areas.
Where is this medical office space located?
The property is located at 445 WHITE HORSE AVE #201 201 Trenton, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,300+ square foot private medical office condo; Two fully equipped operatories; Third room plumbed for an additional operatory
