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    Renovated Mixed-Use Property, Marlton Title is generated by Realmo AI

    15 W Main St, Evesham Twp, NJ 08053

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    Claim this Listing
    For Sale
    $599,000

    MixedUse - Evesham Twp., NJ

    Property size:
    3,804 SF
    Price / SF:
    $157/SF
    Added:
    Jan 1, 2026
    Days on Market:
    153
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 15 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    8
    Standard status
    Active
    Size
    3,804 SF

    Taxes and HOA fees

    Tax Annual Amount
    13648

    Building Details

    Year built
    1845
    Number of units
    1
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Nicolas DiMeglio
    Nicolas DiMeglio

    Listing agent Nicolas DiMeglio

    Listing office BHHS Fox & Roach Princeton Home Marketing Center 253 Nassau Street, NJ

    Listing date Jan 1, 2026

    MLS# 4004415 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare C‑3 zoning in Historic Marlton allows for professional office, live/work, or investment use.
    • Fully renovated 5‑bedroom, 4‑bath home with over 3,000 sq ft.
    • Major upgrades completed: HVAC, dual‑zone A/C, updated electric, newer roof, water heater, and most windows replaced.
    • Mixed‑use property offers built‑in commercial potential.
    • Turnkey condition: move‑in ready for residential or business use.
    • Convenient location: minutes to Route 70, NJ Turnpike & I‑295.

    Overview

    This mixed-use property is located in the heart of Historic Marlton. The C-3 zoned property offers flexibility for professional office, live/work setup, or investment. The fully renovated property features over 3,000 square feet with 5 bedrooms and 4 full baths. Major upgrades have been completed, including HVAC, dual-zone A/C, updated electric, a newer roof, water heater, and most windows replaced. The property offers built-in commercial potential, making it suitable for both homeowners and business owners. It is a turnkey property. The property is located minutes from Route 70, NJ Turnpike & I-295. The property contains 3,804 square feet.

    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 $51.1k $13.44
    − Vacancy −$5.6k −$1.48
    EGI $45.5k $11.96
    − OpEx −$11.4k −$2.99
    NOI $34.1k $8.97
    3,804 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $487.5K
    $426.6K – $568.8K (±1% cap)
    NOI $34,126 @ 7.0% cap · market cap 5.70%
    Second Best
    Mixed Use
    $461.1K
    $403.4K – $537.9K (±1% cap)
    NOI $32,274 @ 7.0% cap · market cap 5.39%
    Theoretical Best
    Warehouse
    $7.96M
    $6.96M – $9.28M (±1% cap)
    NOI $556,920 @ 7.0% cap · market cap 92.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Age Psychic ... Spiritual Center

    Map

    City
    Evesham Twp
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.92346
    Latitude
    39.89156

    FAQs

    What type of property is this?
    Mixed-use property - Versatile, renovated mixed-use property in Historic Marlton.
    Where is this mixed-use property located?
    The property is located at 15 W Main St Evesham Twp, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Rare C‑3 zoning in Historic Marlton allows for professional office, live/work, or investment use.; Fully renovated 5‑bedroom, 4‑bath home with over 3,000 sq ft.; Major upgrades completed: HVAC, dual‑zone A/C, updated electric, newer roof, water heater, and most windows replaced.
    (732) 828-9403
    We can help!
    Listing Contact
    Nicolas DiMeglio
    Nicolas DiMeglio
    Real Estate License ID: SB8836826
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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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