Updated Medical Office
For Sale
$290,000
495 Iron Bridge Road, Freehold, NJ 07728
Flexible professional suite with reception, exam rooms, private office, staff storage, and dedicated restroom.
Property Size1,365 SF
Price / SF$212.45
Days on Market10
Property Features for 495 Iron Bridge Road
General Information
Standard status
Active
Size
1,365 SF
Property subtype
Office
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$5,111
Amenities
Central Air
3
102 Parking Spaces. On Site.
Level
Landscaped. Level.
Building Details
Year Built
1995
Listing Agency:
Compass New Jersey , LLC
(732) 252-2460
Listed By:
Colleen Meyler · License #8534703
(732) 252-2460
Source:
Xome
Added: Jul 25
Changed: Aug 2
Last Checked: Aug 3 at 2:54AM
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 Compass New Jersey , LLC
Investment Insights
Based on property information with market context.
This updated 1,365-square-foot medical office condominium is configured for professional, medical, wellness, counseling, or administrative use. The layout includes a reception and waiting area, client intake space, checkout window, three exam or office suites with sinks, a private office, staff and storage area, and a private restroom. An additional 18' x 9' flex room can accommodate a conference room, staff lounge, training area, or collaborative workspace. Central air supports the interior environment.
The professionally maintained complex is located one-half mile from CentraState Medical Center and provides 102 on-site parking spaces, including 6 ADA-accessible spaces. The property was built in 1995 and is described as ready for immediate occupancy, with a multi-year lease option available.
The professionally maintained complex is located one-half mile from CentraState Medical Center and provides 102 on-site parking spaces, including 6 ADA-accessible spaces. The property was built in 1995 and is described as ready for immediate occupancy, with a multi-year lease option available.
Key Highlights
- Updated 1,365‑square‑foot medical office condominium
- Three exam or office suites with sinks
- 18' x 9' flex space for conference, training, lounge, or collaborative use
Financial Insights For Office B
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 | $41.0k | $30.00 |
| − Vacancy | −$13.1k | −$9.60 |
| EGI | $27.8k | $20.40 |
| − OpEx | −$7.0k | −$5.10 |
| NOI | $20.9k | $15.30 |
1,365 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$298.4K
$261.1K – $348.1K
NOI $20,885 @ 7.0% cap · market cap 7.20%
Second Best
Healthcare Medical
$290.3K
$254.1K – $338.7K
NOI $20,324 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$356.4K
$311.9K – $415.8K
NOI $24,950 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07728, NJ
56,444
Population
21,150
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
49.6 sq mi
ZIP Area
1,138
Density / Sq Mi
$107,042
Median Household Income
$56,824
Median Earnings
$1,941
Median Rent
$490,000
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 - Flexible professional suite with reception, exam rooms, private office, staff storage, and dedicated restroom.
Where is this medical office space located?
The property is located at 495 Iron Bridge Road Freehold, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Updated 1,365‑square‑foot medical office condominium; Three exam or office suites with sinks; 18' x 9' flex space for conference, training, lounge, or collaborative use
