Dental/Office Live-Work
503 Mullica Hill Road Mullica Hill, NJ 08062
503 Mullica Hill Road, Mullica Hill, NJ, 08062
$599,900
For Sale
$599,900
Well-maintained multi-level building with dental office use plus an apartment-style second floor and on-site parking.
Property Size2,352 SF
Lot Size1.50 Acres
Price / SF$255.06
Days on Market98
Property Features for 503 Mullica Hill Road
General Information
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 1.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1946
Listing agency
BHHS Fox & Roach-Mullica Hill South
(856) 297-5790
Listed by
Patricia Settar
(856) 297-5790
Source
Xome
Added: Apr 15 Updated: Jul 20 at 4:48PM Checked: Jul 21 at 3:06AM
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 BHHS Fox & Roach-Mullica Hill South
Investment Insights
Based on property information with market context.
This well-maintained live-work and commercial building is currently operating as a dental office and offers a flexible layout for office, medical, or service-oriented operations. The first floor includes a welcoming waiting area, multiple private rooms, and a full bathroom. The second floor features a spacious apartment-style layout with an additional full bath, which can support owner occupancy, rental use, or additional office space.
The property sits on just under 1.5 acres with exceptional visibility and accessibility along heavily traveled Route 322, directly across from William Heritage Winery at the key intersection of Route 322 and Route 5.
Additional convenience is provided by a large on-site parking lot and a detached 2-car garage. Minutes from Inspira Health and Rowan University, the location is positioned to serve a steady mix of local activity.
The property sits on just under 1.5 acres with exceptional visibility and accessibility along heavily traveled Route 322, directly across from William Heritage Winery at the key intersection of Route 322 and Route 5.
Additional convenience is provided by a large on-site parking lot and a detached 2-car garage. Minutes from Inspira Health and Rowan University, the location is positioned to serve a steady mix of local activity.
Key Highlights
- 2,352 SF building on just under 1.5 acres in R1 zoning, built in 1946
- Currently operating as a dental office with a first‑floor waiting area, multiple private rooms, and a full bathroom
- Second floor offers an apartment‑style layout with an additional full bath for owner occupancy or extra office/rental use
Local 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 | $60.7k | $25.80 |
| − Vacancy | −$11.2k | −$4.77 |
| EGI | $49.5k | $21.03 |
| − OpEx | −$12.4k | −$5.26 |
| NOI | $37.1k | $15.77 |
2,352 SF · lease $25.80/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.9K
$463.7K – $618.2K
NOI $37,092 @ 7.0% cap · market cap 6.18%
Second Best
Healthcare Medical
$371.2K
$324.8K – $433.1K
NOI $25,983 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$790.6K
$691.8K – $922.4K
NOI $55,342 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Well-maintained multi-level building with dental office use plus an apartment-style second floor and on-site parking.
Where is this live-work space located?
The property is located at 503 Mullica Hill Road Mullica Hill, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,352 SF building on just under 1.5 acres in R1 zoning, built in 1946; Currently operating as a dental office with a first‑floor waiting area, multiple private rooms, and a full bathroom; Second floor offers an apartment‑style layout with an additional full bath for owner occupancy or extra office/rental use
