Two-Unit Office
5-150 Himmelien Rd Medford, NJ 08055
5-150 Himmelien Rd, Medford, NJ, 08055
$650,000
For Sale
$650,000
Two professionally managed office condo units totaling 3,640 SF with first- and second-floor space plus a basement level.
Property Size3,640 SF
Price / SF$178.57
Days on Market73
Property Features for 5-150 Himmelien Rd
General Information
- Standard status
- Active
- Size
- 3,640 SF
Listing agency
Keller Williams Realty - Marlton
(609) 458-3711
Listed by
James L Moffa · License #901791
(609) 458-3711
Source
Exprealty
Added: May 10 Updated: Jul 21 at 2:59PM Checked: Jul 21 at 2:59PM
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 professionally maintained office condominium consists of two separate condo units: a 2,240 SF first-floor unit and a 1,400 SF second-floor unit, along with an additional basement level. The property offers a layout designed for professional use, with configuration flexibility that can support single-tenant or multi-tenant occupancy, or be used as two separate units. The interior has been thoughtfully updated in recent years and is presented in turnkey condition.
The building is part of a professionally managed association with a monthly fee of $700 covering common area maintenance, snow removal, landscaping, and trash services. Public sewer service is available, and the property is served by a private well. The location provides strong accessibility and proximity to major transportation routes, including I-295 and multiple U.S. routes, as well as the New Jersey and Pennsylvania Turnpikes and the Atlantic City Expressway.
For buyers seeking a professionally finished office asset in an “AS IS” offering, this building provides substantial space across two levels plus a basement, with the association approach supporting ongoing exterior and common area responsibilities.
The building is part of a professionally managed association with a monthly fee of $700 covering common area maintenance, snow removal, landscaping, and trash services. Public sewer service is available, and the property is served by a private well. The location provides strong accessibility and proximity to major transportation routes, including I-295 and multiple U.S. routes, as well as the New Jersey and Pennsylvania Turnpikes and the Atlantic City Expressway.
For buyers seeking a professionally finished office asset in an “AS IS” offering, this building provides substantial space across two levels plus a basement, with the association approach supporting ongoing exterior and common area responsibilities.
Key Highlights
- 3,640 SF professional office condominium with two condo units: 2,240 SF first‑floor and 1,400 SF second‑floor, plus basement level
- Professionally managed association with $700/month fee covering common area maintenance, snow removal, landscaping, and trash services
- Building includes updated, professionally finished interior space suitable for professional uses, including medical, legal, financial, accounting, and general office
Local Financial Insights For Healthcare Medical
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 | $90.9k | $24.96 |
| − Vacancy | −$6.5k | −$1.80 |
| EGI | $84.3k | $23.16 |
| − OpEx | −$33.7k | −$9.27 |
| NOI | $50.6k | $13.90 |
3,640 SF · lease $24.96/SF/yr · vacancy 7.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$722.7K
$632.4K – $843.1K
NOI $50,588 @ 7.0% cap · market cap 7.78%
Second Best
Office B
$466.5K
$408.2K – $544.3K
NOI $32,655 @ 7.0% cap · market cap 5.02%
Theoretical Best
Warehouse
$7.61M
$6.66M – $8.88M
NOI $532,909 @ 7.0% cap · market cap 81.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two professionally managed office condo units totaling 3,640 SF with first- and second-floor space plus a basement level.
Where is this office units located?
The property is located at 5-150 Himmelien Rd Medford, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,640 SF professional office condominium with two condo units: 2,240 SF first‑floor and 1,400 SF second‑floor, plus basement level; Professionally managed association with $700/month fee covering common area maintenance, snow removal, landscaping, and trash services; Building includes updated, professionally finished interior space suitable for professional uses, including medical, legal, financial, accounting, and general office
