Listed by Central Commercial
$1,500,000
3461 US 22, Bldg E
Details
APN 0500009000000001015CONDO
Property Type Office
Sub Type Medical Office
Square Footage 10,500
Net Rentable (SqFt) 10,500
Units 5
Cap Rate 9.33%
NOI $140,000
Occupancy 79%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.33%
Pro-Forma NOI $140,000
Price per SqFt $143
Broker Co-Op Yes
Class C
Year Built 1986
Buildings 1
Stories 2
Acreage 3.500
Zoning COM
Investment Type Value Add
Occupancy Date 04/10/2026
Income-producing office asset with upside. 79% occupied, 12%+ stabilized return.
Marketing description
10,500 SF professional office building with strong tenant mix and immediate upside potential. Located directly on Route 22 with easy access from County Line Road.
Property includes a 2,230 SF turnkey medical/office suite ready for immediate occupancy or lease-up. Ideal for owner-users looking to offset costs or investors seeking value-add opportunity.
- Projected NOI: $140K+ at full occupancy
- Attractive cap rate vs. market averages
- 45 parking spaces
- Easy ingress/egress
- Well-maintained building in professional condo complex
Excellent opportunity to occupy, invest, or reposition in a high-demand corridor.
Investment highlights
- 79% occupied with strong in-place income
- ~$207,000 projected gross income at full occupancy
- 12%+ stabilized rate of return
- Value-add opportunity through lease-up or owner occupancy
- 10,500 SF professional office building
- Established medical & professional tenant mix
- High-visibility location on Route 22
- Easy ingress/egress from Route 22 & County Line Rd
- 45 on-site parking spaces
- Well-maintained asset with turnkey suites
- Office condominium structure with simplified ownership
- Ideal for owner-user or private investor
Listing Contacts
Listed by Central Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
9.33%
Cap Rate
9.33%
ROI
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