Renovated Dental Office
For Sale
$500,000
651 Route 73, Marlton, NJ 08053
Commercial Sale, Marlton, NJ
Property Size1,168 SF
Price / SF$428.08
Days on Market103
Property Features for 651 Route 73
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Directions
Take I-195 W to the New Jersey Turnpike S, then merge onto I-295 S. Take Exit 36A for Route 73 S. Continue on Route 73, utilizing jug-handles for local access as needed to reach the Pavilions at Greentree office park.
Standard status
Active
APN
13-00003-0034-00004-0000-C-0208
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood
Building materials
Brick, Concrete
Roof type
Flat
Listing Agency:
Keller Williams Realty Freehold
(732) 536-9010
Listed By:
Iftikhar Haq · License #0789304
(732) 769-1110
Added: May 28
Changed: Sep 7
Last Checked: Sep 7 at 9:06PM
MLS# 22615819
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professional dental office condo features major renovations, a brick and concrete exterior, wood flooring, forced-air heating, and central air conditioning. The property includes a basement, flat roof, public water, and public sewer. A strong NNN lease structure is in place, supporting an occupied medical office configuration.
The suite offers prominent exposure with both directory and individual suite signage. Access is convenient to Route 73, Route 70, I-295, and the New Jersey Turnpike in Marlton, New Jersey. The property is located within a condominium association and is suited to continued dental or professional medical office use.
The suite offers prominent exposure with both directory and individual suite signage. Access is convenient to Route 73, Route 70, I-295, and the New Jersey Turnpike in Marlton, New Jersey. The property is located within a condominium association and is suited to continued dental or professional medical office use.
Key Highlights
- Major renovations throughout the professional dental office condo
- Strong NNN lease structure
- Directory signage and individual suite signage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,800
$327.8K
Cap Rate 7%
$234,143
$234.1K
Cap Rate 9%
$182,111
$182.1K
Market Conditions
NOI Build-Up for 1,168 SF
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.
Gross rent
$25.6K $21.96/SF
− Vacancy
−$3.8K −$3.25/SF
EGI
$21.9K $18.71/SF
− OpEx
−$5.5K −$4.68/SF
NOI
$16.4K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,800
Cap Rate 7%
$234,143
Cap Rate 9%
$182,111
Alternative Uses
Best Use
Office B
$234.1K
$204.9K – $273.2K
NOI $16,390 @ 7.0% cap · market cap 3.28%
Second Best
Healthcare Medical
$204.7K
$179.1K – $238.8K
NOI $14,330 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$296.2K
$259.1K – $345.5K
NOI $20,731 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,069
Businesses Nearby
Explore this area
Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
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.
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- Banfield Pet Hospital — 315 Rte 70 W, Marlton, NJ 08053
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional dental suite with directory and suite signage, central air, and public utilities.
Where is this medical office space located?
The property is located at 651 Route 73 Marlton, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Major renovations throughout the professional dental office condo; Strong NNN lease structure; Directory signage and individual suite signage
