Two-Unit Office
For Sale
$640,000
5-150 Himmelien Rd, Medford, NJ 08055
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$175.82
Days on Market166
Property Features for 5-150 Himmelien Rd
General Information
Standard status
Active
Size
3,640 SF
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,826
Amenities
common area maintenance
snow removal
landscaping
trash services
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
James L Moffa · License #901791
(609) 458-3711
Source:
Exprealty
Added: May 10
Changed: Oct 11
Last Checked: Oct 20 at 10:55PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,588
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,760
$1.0M
Cap Rate 7%
$722,686
$722.7K
Cap Rate 9%
$562,089
$562.1K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$90.9K $24.96/SF
− Vacancy
−$6.5K −$1.80/SF
EGI
$84.3K $23.16/SF
− OpEx
−$33.7K −$9.27/SF
NOI
$50.6K $13.90/SF
Area
Burlington County, NJ
Vacancy
7.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,011,760
Cap Rate 7%
$722,686
Cap Rate 9%
$562,089
Alternative Uses
Best Use
Healthcare Medical
$722.7K
$632.4K – $843.1K
NOI $50,588 @ 7.0% cap · market cap 7.90%
Second Best
Office B
$466.5K
$408.2K – $544.3K
NOI $32,655 @ 7.0% cap · market cap 5.10%
Theoretical Best
Warehouse
$7.61M
$6.66M – $8.88M
NOI $532,909 @ 7.0% cap · market cap 83.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two professionally managed office condo units totaling 3,640 SF with first- and second-floor space plus a basement level.
Where is this office unit located?
The property is located at 5-150 Himmelien Rd Medford, NJ.
What is the asking price?
The asking price for this property is $640,000.
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
