Dental Condo with Major
For Sale
$500,000
651 Route 73 Unit 208, Marlton, NJ 08053
Professional dental condo offers major renovations and a strong NNN lease structure with excellent visibility.
Property Size1,168 SF
Price / SF$428.08
Days on Market139
Property Features for 651 Route 73 Unit 208
General Information
Standard status
Active
Size
1,168 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
HOA Fee
$317
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq · License #0789304
(732) 769-1110
Source:
Soldbypattie
Added: Jun 1
Changed: Oct 3
Last Checked: Oct 16 at 12:02PM
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 Freehold
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Investment Insights
Based on property information with market context.
Professional dental condo featuring 1,168± SF and major renovations throughout. The space is set up under a strong NNN lease structure, with the tenant paying association fees.
The condo benefits from excellent visibility with directory suite signage. The location provides easy access to Route 73, Route 70, and I-295 NJ Turnpike, supporting convenient customer and staff access.
This is a focused option for dental-related occupancy where a renovated, professionally managed environment and NNN-style lease structure are key considerations.
The condo benefits from excellent visibility with directory suite signage. The location provides easy access to Route 73, Route 70, and I-295 NJ Turnpike, supporting convenient customer and staff access.
This is a focused option for dental-related occupancy where a renovated, professionally managed environment and NNN-style lease structure are key considerations.
Key Highlights
- 1,168± SF professional dental condo
- Major renovations throughout
- Strong NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,390
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional dental condo offers major renovations and a strong NNN lease structure with excellent visibility.
Where is this medical office space located?
The property is located at 651 Route 73 Unit 208 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: 1,168± SF professional dental condo; Major renovations throughout; Strong NNN lease structure
