Updated Medical Office
For Sale
$290,000
495 Iron Bridge Road Unit 14, Freehold, NJ 07728
Three exam suites, reception, staff areas, and flexible workspace support varied practice layouts.
Property Size1,365 SF
Price / SF$212.45
Days on Market10
Property Features for 495 Iron Bridge Road Unit 14
General Information
Standard status
Active
Size
1,365 SF
Property subtype
Commercial
Additional Details
Office Units
1
Building Details
Year Built
1995
Listing Agency:
Compass New Jersey,LLC
Listed By:
Colleen Meyler
(833) 740-1234
Source:
Actionplusrealty
Added: Jul 25
Changed: Aug 3
Last Checked: Aug 3 at 5:46AM
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 1,365-square-foot medical office condominium at 495 Iron Bridge Road, Unit 14, provides a fully configured professional setting. 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 areas, and a private restroom. An 18' x 9' flex room can function as a conference room, lounge, training area, or collaborative workspace. The property was built in 1995 and is positioned one-half mile from CentraState Medical Center.
The professionally maintained complex includes 102 parking spaces, with 6 ADA-accessible spaces. The space is available for immediate occupancy and includes a multi-year lease option, supporting medical, wellness, counseling, or administrative use as described in the property information.
The professionally maintained complex includes 102 parking spaces, with 6 ADA-accessible spaces. The space is available for immediate occupancy and includes a multi-year lease option, supporting medical, wellness, counseling, or administrative use as described in the property information.
Key Highlights
- 1,365‑square‑foot medical office condominium at 495 Iron Bridge Road, Unit 14
- Three exam or office suites, each with a sink
- 18' x 9' flex space for meetings, training, lounge, or collaboration
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
1,095
Businesses Nearby
Under-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Three exam suites, reception, staff areas, and flexible workspace support varied practice layouts.
Where is this medical office space located?
The property is located at 495 Iron Bridge Road Unit 14 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: 1,365‑square‑foot medical office condominium at 495 Iron Bridge Road, Unit 14; Three exam or office suites, each with a sink; 18' x 9' flex space for meetings, training, lounge, or collaboration
