Two-Story Office Building with Side
For Sale
$825,000
99 Taunton Road, Medford, NJ 08055
Versatile office space with a separate upstairs side entrance and private offices suited to professional and service users.
Property Size6,150 SF
Price / SF$134.15
Days on Market320
Property Features for 99 Taunton Road
General Information
Standard status
Active
Size
6,150 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Office Units
7
Building Details
Year Built
1941
Stories
2
Listing Agency:
Century 21 Alliance-Medford
(609) 320-0572
Listed By:
James Brent Bergman · License #2220233
Source:
Deepcreeklake
Added: Oct 15, 2025
Changed: Aug 27
Last Checked: Aug 30 at 6:07PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,103,460
$1.1M
Cap Rate 7%
$788,186
$788.2K
Cap Rate 9%
$613,033
$613.0K
Market Conditions
NOI Build-Up for 6,150 SF
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.
Gross rent
$82.7K $13.44/SF
− Vacancy
−$9.1K −$1.48/SF
EGI
$73.6K $11.96/SF
− OpEx
−$18.4K −$2.99/SF
NOI
$55.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,103,460
Cap Rate 7%
$788,186
Cap Rate 9%
$613,033
Alternative Uses
Best Use
Office B
$788.2K
$689.7K – $919.6K
NOI $55,173 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.86M
$11.25M – $15.01M
NOI $900,383 @ 7.0% cap · market cap 109.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 $825,000.
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
