Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    535 Monmouth St Gloucester City, NJ 08030

    Sponsored
    For Sale
    $235,000

    MULTI_FAMILY - GLOUCESTER CITY, NJ

    Property size:
    4,183 SF
    Lot size:
    0.12 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 2 at 8:06 pm

    Property Features for 535 Monmouth St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Size
    4,183 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Patrick M Gorman
    Patrick M Gorman

    Please Contact Listing Office (856) 547-5678

    Listing agent Patrick M Gorman (856) 858-2200 License #340986

    Listing date Jan 30, 2026

    MLS# NJCD2108040 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gloucester City Mixed-Use Opportunity

    This property, situated just off the corner of Monmouth and Broadway in Gloucester City, NJ, offers excellent visibility and access. Currently configured as a vacant dental office, the property is zoned RCS and presents an opportunity for conversion to mixed-use. The existing structure, with framing and an exterior profile suggesting a former side-by-side duplex, allows for potential commercial space on the first floor, with up to two additional residential units on the second and third floors. The property is underutilized and offers room for highest and best use. Buyers should conduct their own due diligence to determine the viability of residential conversion. The lot size is 0.12 acres and the property size is 4183 square feet. Additional parking is available in a free lot one block away. A proposed rail line will have a stop a few blocks from the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester City
    County
    Camden
    State
    New Jersey
    Longitude
    -75.11949
    Latitude
    39.89624

    Nearby Similar for Sale

    • $395,000
      3,000 SF

      Renovated Mixed-Use Stone Duplex

      Fully renovated mixed-use stone duplex with commercial and residential spaces.
      825 Jersey Ave, Gloucester City, NJ 08030
      View Details
    • New
      $319,900
      1,652 SF

      Versatile Mixed-Use Investment Opportunity

      Mixed-use property with professional space and residential income potential.
      1017 Market St, Gloucester City, NJ 08030
      View Details
    • $279,000

      Gloucester City Commercial Opportunity

      Commercial property with lot-to-lot access, garage, and fenced yard.
      208 N Broadway, Gloucester City, NJ 08030
      View Details
    • $300,000
      0.03 Acres

      Mixed-Use Building in Gloucester City

      Mixed-use property with commercial space and residential unit in thriving area.
      30 S Broadway, Gloucester City, NJ 08030
      View Details
    • $375,000
      0.09 Acres

      Gloucester City Restaurant For Sale

      Well-established corner restaurant property in Gloucester City, NJ.
      17 S Broadway, Gloucester City, NJ 08030
      View Details
    • Contact for pricing
      0.12 Acres

      Updated Retail/Office Space Available

      3,600 SF updated retail/office space in Gloucester City, NJ.
      527-529 Monmouth St, Gloucester City, NJ 08030
      View Details
    • $160,000

      Land For Sale in Gloucester

      Land available in Gloucester City, New Jersey.
      309 Nicholson Rd, Gloucester City, NJ 08030
      View Details
    • $214,900

      Renovated Three-Story Gloucester City Townhome

      Fully renovated three-story townhome in the heart of Gloucester City.
      312 Ridgeway St, Gloucester City, NJ 08030
      View Details
    • $259,900
      1,408 SF

      Renovated Gloucester City Home

      Completely renovated 4-bedroom home with a double lot.
      223 Hudson St, Gloucester City, NJ 08030
      View Details
    • Contact for pricing
      32,000 SF

      Gloucester City Industrial Property

      Industrial property in Gloucester City, Camden County, New Jersey.
      410-426 Jersey Ave, Gloucester City, NJ 08030
      View Details
    • $320,000
      2,000 SF

      Gloucester City Office Building

      Prime Gloucester City office, 2,000 sq ft.
      208 Broadway, Gloucester City, NJ 08030
      View Details

    FAQs

    What type of property is this?
    Medical office - Vacant dental office with mixed-use conversion potential in Gloucester City.
    Where is this medical office located?
    The property is located at 535 Monmouth St Gloucester City, NJ.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Solid brick construction.; - Excellent visibility and access near the corner of Monmouth and Broadway.; - Potential for mixed-use conversion (commercial/residential) on a property zoned RCS.
    (856) 858-2200
    Request Owner's contact information
    535 Monmouth St Gloucester City, NJ 08030
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    535 Monmouth St
    Gloucester City, NJ 08030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    535 Monmouth St Gloucester City, NJ 08030
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick M Gorman
    Patrick M Gorman
    Real Estate License ID: 340986
    (856) 858-2200
    Learn more
    Google sign-in failed. Please try again or use another login method.