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    94 Brick Rd Evesham Township, NJ 08053

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    For Lease
    Contact for pricing

    Prime Medical Office Space in Marlton, NJ

    Lot size:
    51,939 SF

    Property Features for 94 Brick Rd

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,939 SF
    Total Rate
    64923.75

    Building Details

    Year Built
    1996

    Spaces For Lease

    at 94 Brick Rd, Evesham Township, NJ 08053 Contact us
    Unit Suite 202

    $15 /Mo

    Size
    14,813 SF
    Contact us
    Unit Suite 201

    $15 /Mo

    Size
    14,813 SF
    Contact us
    Unit 3-A

    $15 /Mo

    Size
    3,025 SF
    Contact us
    Unit Suite 303

    $15 /Mo

    Size
    8,726 SF
    Contact us
    Unit Suite 204

    $15 /Mo

    Size
    14,813 SF
    Contact us
    Unit Suite 304

    $15 /Mo

    Size
    8,726 SF
    Contact us
    Unit 1-A

    $15 /Mo

    Size
    1,662 SF
    Contact us
    Unit 2-A

    $15 /Mo

    Size
    1,553 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Rebecca Ting
    Rebecca Ting

    Listing Agency: NAI Mertz - Corporate Listing Agent: Rebecca Ting

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional medical office building, located at 94 Brick Road in Marlton, New Jersey, presents a unique investment opportunity. The 51,939 square foot building, constructed in 1996, sits on a 5-acre lot and is zoned for commercial use within Burlington County's desirable Burlington County submarket. Currently, there are 33,182 square feet of vacant space available, divisible into units ranging from 1,553 to a maximum contiguous 14,813 square feet. The property boasts a multi-tenant configuration, ideal for various medical practices or related businesses. Its strategic location offers unparalleled access to major roadways, including Route 73, Route 70, I-295, and the New Jersey Turnpike, ensuring convenient commutes for both staff and patients. The building benefits from its proximity to the Virtua West Jersey Health System Marlton Campus, providing direct access to a hospital and rehabilitation facility, and is also near the Promenade at Sagemore, offering a variety of dining and retail options. Furthermore, its location is just three miles from Virtua Voorhees Hospital and five miles from Thomas Jefferson University Hospital at Voorhees, solidifying its position within a thriving healthcare hub in South Jersey's sought-after 3M market. This property offers a compelling combination of size, location, and accessibility, making it an attractive prospect for investors and medical professionals alike. The building's existing infrastructure and prime location within a high-demand area present a strong foundation for future growth and profitability. The 08053 zip code further enhances its appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Dental Office Gym & Fitness Center Daycare Center Building Supply Accounting Firm Bar & Pub Hotel & Motel Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evesham Township
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9179337
    Latitude
    39.8831137

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    FAQs

    What type of property is this?
    Medical Office Space - Prime Medical Office Space in Marlton, NJ
    Where is this medical office space located?
    The property is located at 94 Brick Rd Evesham Township, NJ.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime medical office space in South Jersey's desirable 3M market.; Divisible suites available to accommodate various users.; Spaces range from 1,553 to 14,813 square feet.
    (856) 234-9600 Call to check price and availability
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    94 Brick Rd Evesham Township, NJ 08053
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    Evesham Township, NJ 08053
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    94 Brick Rd Evesham Township, NJ 08053
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rebecca Ting
    Rebecca Ting
    Real Estate License ID: 8534982
    (856) 234-9600 (609) 314-1435
    Learn more
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