Turnkey Medical Office
For Sale
$259,000
81 Somerset Dr, Willingboro, NJ 08046
Office building with a reception area, waiting room, four examining rooms, and two bathrooms.
Property Size1,725 SF
Price / SF$150.14
Days on Market97
Property Features for 81 Somerset Dr
General Information
Standard status
Active
Size
1,725 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1958
Listing Agency:
Coldwell Banker Realty
Listed By:
Mark Del Roccili
(856) 816-1302
Source:
Selltheshore
Added: Jul 18
Changed: Oct 2
Last Checked: Oct 7 at 2:19PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
81 Somerset Drive is a turnkey office building configured with a waiting room and reception area, along with four examining rooms, an exercise room, and two bathrooms. The space is currently set up for office use, with part of the building described as available to rent separately for additional office or related medical uses.
The property is positioned near Virtua Willingboro Hospital and offers access to major transit arteries, supporting convenient visibility and day-to-day patient or client travel.
Originally a 3-bedroom ranch home, the building could be converted back from its existing office configuration, depending on how an end user or buyer plans to repurpose the layout.
The property is positioned near Virtua Willingboro Hospital and offers access to major transit arteries, supporting convenient visibility and day-to-day patient or client travel.
Originally a 3-bedroom ranch home, the building could be converted back from its existing office configuration, depending on how an end user or buyer plans to repurpose the layout.
Key Highlights
- Office building with reception area and waiting room, plus four examining rooms and 2 bathrooms
- Central air cooling; heating listed as “3”
- Previously a 3 BR ranch home and could be converted back from the existing office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,475
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,500
$309.5K
Cap Rate 7%
$221,071
$221.1K
Cap Rate 9%
$171,944
$171.9K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$23.2K $13.44/SF
− Vacancy
−$2.6K −$1.48/SF
EGI
$20.6K $11.96/SF
− OpEx
−$5.2K −$2.99/SF
NOI
$15.5K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,500
Cap Rate 7%
$221,071
Cap Rate 9%
$171,944
Alternative Uses
Best Use
Healthcare Medical
$342.5K
$299.7K – $399.6K
NOI $23,974 @ 7.0% cap · market cap 9.26%
Second Best
Office B
$221.1K
$193.4K – $257.9K
NOI $15,475 @ 7.0% cap · market cap 5.97%
Theoretical Best
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,546 @ 7.0% cap · market cap 97.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 08046, NJ
31,846
Population
11,482
Households
2.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,190
Density / Sq Mi
$91,447
Median Household Income
$43,438
Median Earnings
$1,941
Median Rent
$240,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Willingboro Veterinary Clinic — 12 Sidney Ln, Willingboro, NJ 08046
- Wolf Lawrence DVM — 12 Sidney Ln, Willingboro, NJ 08046
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building with a reception area, waiting room, four examining rooms, and two bathrooms.
Where is this medical office space located?
The property is located at 81 Somerset Dr Willingboro, NJ.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Office building with reception area and waiting room, plus four examining rooms and 2 bathrooms; Central air cooling; heating listed as “3”; Previously a 3 BR ranch home and could be converted back from the existing office layout
