Renovated Medical Office
55 E JIMMIE LEEDS ROAD Absecon, NJ 08205
55 E JIMMIE LEEDS ROAD, Absecon, NJ, 08205
$569,000
For Sale
$569,000
Move-in-ready office space with three treatment rooms, ADA-compliant restroom, updated kitchen, and flexible reception area.
Property Size1,856 SF
Price / SF$306.57
Days on Market32
Property Features for 55 E JIMMIE LEEDS ROAD
General Information
- Standard status
- Active
- Size
- 1,856 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1965
Listing Agency
BHHS Fox & Roach 9th Street-Ocean City
(609) 705-4295
Listed by
Laura Idell
(609) 705-4295
Source
Xome
Added: Jun 17 Checked: Jul 18 at 2:05 am
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 9th Street-Ocean City
Investment Insights
Based on property information with market context.
Renovated office building designed with a practical split layout for professional use. One side includes three spacious offices or treatment rooms served by a centrally located ADA-compliant restroom. The opposite side offers a newly updated kitchen, a private office, an additional restroom, and a large front room suited for reception, conference, meeting, or waiting area use.
The property is positioned near the intersection of Jimmie Leeds Road and Great Creek Road with over 200 feet of frontage on both roadways. Multiple points of ingress and egress support convenient access, and the building benefits from exposure along a heavily traveled corridor. Ample on-site parking is provided, including handicap parking with 16+ spaces.
This turnkey space is presented for sale as a move-in-ready option for an owner-user or investor, with terms where the seller will consider lease to purchase or seller financing with an acceptable offer.
The property is positioned near the intersection of Jimmie Leeds Road and Great Creek Road with over 200 feet of frontage on both roadways. Multiple points of ingress and egress support convenient access, and the building benefits from exposure along a heavily traveled corridor. Ample on-site parking is provided, including handicap parking with 16+ spaces.
This turnkey space is presented for sale as a move-in-ready option for an owner-user or investor, with terms where the seller will consider lease to purchase or seller financing with an acceptable offer.
Key Highlights
- Over 200 ft of frontage on both Jimmie Leeds Rd and Great Creek Rd, with multiple ingress/egress for convenient access
- Move‑in‑ready, extensively renovated office layout with three offices or treatment rooms and a centrally located ADA‑compliant restroom
- Updated interior includes a newly updated kitchen, private office, additional restroom, and a large front room for reception/conference/meeting/waiting
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 | $49.7k | $26.76 |
| − Vacancy | −$13.4k | −$7.23 |
| EGI | $36.3k | $19.53 |
| − OpEx | −$9.1k | −$4.88 |
| NOI | $27.2k | $14.65 |
1,856 SF · lease $26.76/SF/yr · vacancy 27.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$388.5K
$339.9K – $453.2K
NOI $27,192 @ 7.0% cap · market cap 4.78%
Second Best
Healthcare Medical
$375.9K
$328.9K – $438.5K
NOI $26,312 @ 7.0% cap · market cap 4.62%
Theoretical Best
Warehouse
$691.2K
$604.8K – $806.4K
NOI $48,381 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Move-in-ready office space with three treatment rooms, ADA-compliant restroom, updated kitchen, and flexible reception area.
Where is this office building located?
The property is located at 55 E JIMMIE LEEDS ROAD Absecon, NJ.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Over 200 ft of frontage on both Jimmie Leeds Rd and Great Creek Rd, with multiple ingress/egress for convenient access; Move‑in‑ready, extensively renovated office layout with three offices or treatment rooms and a centrally located ADA‑compliant restroom; Updated interior includes a newly updated kitchen, private office, additional restroom, and a large front room for reception/conference/meeting/waiting
