Turnkey Medical Office
81 SOMERSET DRIVE Willingboro, NJ 08046
New
81 SOMERSET DRIVE, Willingboro, NJ, 08046
$299,900
For Sale
$299,900
Office building with a reception area, waiting room, four examining rooms, and two bathrooms.
Property Size1,725 SF
Price / SF$173.86
Days on Market4
Property Features for 81 SOMERSET DRIVE
General Information
- Standard status
- Active
- Size
- 1,725 SF
- Property subtype
- Office
Building Details
- Year Built
- 1958
Listing agency
Coldwell Banker Realty
(856) 816-1302
Listed by
Mark Del Roccili
(856) 816-1302
Source
Xome
Added: Jul 18 Updated: Jul 20 at 6:03PM Checked: Jul 21 at 3:03AM
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
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
Local Financial Insights For Healthcare Medical
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 | $43.1k | $24.96 |
| − Vacancy | −$3.1k | −$1.80 |
| EGI | $40.0k | $23.16 |
| − OpEx | −$16.0k | −$9.27 |
| NOI | $24.0k | $13.90 |
1,725 SF · lease $24.96/SF/yr · vacancy 7.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$342.5K
$299.7K – $399.6K
NOI $23,974 @ 7.0% cap · market cap 7.99%
Second Best
Office B
$221.1K
$193.4K – $257.9K
NOI $15,475 @ 7.0% cap · market cap 5.16%
Theoretical Best
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,546 @ 7.0% cap · market cap 84.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warren W. Post, ...
Alternative Medicine Practice
Burlington Spine & Rehab
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Willingboro Veterinary Clinic — 12 Sidney Ln, Willingboro, NJ 08046
- Wolf Lawrence DVM — 12 Sidney Ln, Willingboro, NJ 08046
FAQs
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 DRIVE Willingboro, NJ.
What is the asking price?
The asking price for this property is $299,900.
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
