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    Two-Story Office Building with Side Entrance Title is generated by Realmo AI

    99 Taunton Road, Medford, NJ 08055

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    For Sale
    $999,999

    Versatile office space with a separate upstairs side entrance and private offices suited to professional and service users.

    Type:Commercial
    Property size:
    6,150 SF
    Price / SF:
    $162/SF
    Added:
    Oct 5, 2025
    Days on Market:
    244
    Last Refresh:
    Jun 5 at 2:43 am

    Property Features for 99 Taunton Road

    General Information

    Standard status
    Active
    Size
    6,150 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1941

    We can help!

    Listing Contact
    James Brent Bergman

    Listing agent James Brent Bergman

    Listing office Century 21 Alliance-Medford

    Listing date Oct 5, 2025

    Source Deepcreeklake

    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 Century 21 Alliance-Medford

    HighLights

    • Two‑story office building built in 1941 with approximately 6,150 SF of versatile professional space
    • Includes seven private offices of varying sizes for a mix of professional, medical, or service‑based uses
    • Separate upstairs side entrance provides flexible access for multiple tenants or owner‑occupancy options
    • Currently income‑generating with established tenants already in place for steady cash flow
    • Ample on‑site parking to accommodate staff and visitors

    Overview

    This attractive two-story office building offers approximately 6,150 square feet of versatile professional space designed for a range of office and service users. The layout includes seven private offices of varying sizes, providing multiple configurations for teams, consultative work, or mixed-use occupancy. A separate upstairs side entrance supports flexible access, which can accommodate multiple tenants or an owner-occupant setup.

    The property is described as highly visible in a Medford setting, with convenient access to major routes and Medford’s town center. Ample on-site parking is available to support staff and visitors.

    As presented, the building is income-generating with established tenants already in place, positioned as both a strong investment and an owner-user opportunity. Tenants and owner-occupants benefit from the private-office configuration and the added accessibility created by the separate upstairs entrance, which can help streamline day-to-day operations across different workspaces.

    Local Financial Insights For Office B

    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 $82.7k $13.44
    − Vacancy −$9.1k −$1.48
    EGI $73.6k $11.96
    − OpEx −$18.4k −$2.99
    NOI $55.2k $8.97
    6,150 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $788.2K
    $689.7K – $919.6K (±1% cap)
    NOI $55,173 @ 7.0% cap · market cap 5.52%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $12.86M
    $11.25M – $15.01M (±1% cap)
    NOI $900,383 @ 7.0% cap · market cap 90.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    O’Keefe Chiropractic Center Alternative Medicine Practice O’Keefe Chiropractic Center: ... Alternative Medicine Practice Accutrition Nutritional Consultants (Bike/Boat/Book/etc) Store Michael O Keefe Alternative Medicine Practice All Family Dental Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8439267
    Latitude
    39.8706425

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    FAQs

    What type of property is this?
    Office building - Versatile office space with a separate upstairs side entrance and private offices suited to professional and service users.
    Where is this office building located?
    The property is located at 99 Taunton Road Medford, NJ.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: Two‑story office building built in 1941 with approximately 6,150 SF of versatile professional space; Includes seven private offices of varying sizes for a mix of professional, medical, or service‑based uses; Separate upstairs side entrance provides flexible access for multiple tenants or owner‑occupancy options
    We can help!
    Listing Contact
    James Brent Bergman
    Learn More
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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
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