Freestanding Corner Commercial
For Sale
$349,500
717 S 6th Ave, Galloway Township, NJ 08205
COMMERCIAL - Galloway Township, NJ
Property Size1,104 SF
Lot Size1.35 Acres
Price / SF$316.58
Days on Market45
Property Features for 717 S 6th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
Parking features
Off Street
Interior features
220 Volt Electricity, Smoke/Fire Alarm, Storage
Exterior features
Storage Building
Lot features
Mainland
Directions
6TH AVE, BETWEEN E JIMMIE LEEDS RD & WHITE HORSE PK
Subdivision
Galloway Twp
Standard status
Active
Lot size
1.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5929
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Additional Structures
Storage
Listing Agency:
BHHS FOX and ROACH-Northfield
(609) 646-1900
Listed By:
RICHARD BAEHRLE · License #SB-8436462
(609) 226-6680
Added: Jul 17
Changed: Aug 4
Last Checked: Aug 30 at 7:06PM
MLS# 609929
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding commercial building on a 1.35+/- acre corner lot offering flexible space for a range of commercial uses, subject to township approvals. The building is approximately 1,104+/- SF and was originally built in 1850, combining historic character with practical functionality. Ample on-site parking supports customer and employee access.
The property is situated just off US Route 30 (White Horse Pike), where traffic counts approach 40,000 vehicles per day. This location is described as minutes from Stockton University, AtlantiCare Regional Medical Center, Atlantic City International Airport (ACY), the FAA William J. Hughes Technical Center (FAATC), and the Garden State Parkway, with access to Atlantic City and nearby retail, dining, and business destinations.
Zoned RC per the listing, the building’s layout is intended to support retail, office, medical, professional, boutique, showroom, studio, service, contractor, or mixed commercial use, depending on approvals.
The property is situated just off US Route 30 (White Horse Pike), where traffic counts approach 40,000 vehicles per day. This location is described as minutes from Stockton University, AtlantiCare Regional Medical Center, Atlantic City International Airport (ACY), the FAA William J. Hughes Technical Center (FAATC), and the Garden State Parkway, with access to Atlantic City and nearby retail, dining, and business destinations.
Zoned RC per the listing, the building’s layout is intended to support retail, office, medical, professional, boutique, showroom, studio, service, contractor, or mixed commercial use, depending on approvals.
Key Highlights
- 1,104+/- SF freestanding commercial building on a 1.35+/- acre corner lot in Galloway Township
- Built in 1920 with interior features including hardwood flooring, 220‑volt electricity, storage, and smoke/fire alarms
- Heating and cooling: forced air heating and central air
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
$10,607
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
3.03%
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%
$212,140
$212.1K
Cap Rate 7%
$151,529
$151.5K
Cap Rate 9%
$117,856
$117.9K
Market Conditions
NOI Build-Up for 1,104 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
$16.6K $15.00/SF
− Vacancy
−$1.4K −$1.28/SF
EGI
$15.2K $13.73/SF
− OpEx
−$4.5K −$4.12/SF
NOI
$10.6K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$212,140
Cap Rate 7%
$151,529
Cap Rate 9%
$117,856
Alternative Uses
Best Use
Retail
$151.5K
$132.6K – $176.8K
NOI $10,607 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$411.1K
$359.7K – $479.7K
NOI $28,779 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
PrimoHoagies
Dining
1,198 visits/mo
0.5 miles
Demographics for 08205, NJ
28,666
Population
11,660
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
681
Density / Sq Mi
$88,636
Median Household Income
$45,611
Median Earnings
$1,527
Median Rent
$263,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building on a corner lot off US Route 30 with ample on-site parking and flexible commercial use options.
Where is this retail space located?
The property is located at 717 S 6th Ave Galloway Township, NJ.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 1,104+/- SF freestanding commercial building on a 1.35+/- acre corner lot in Galloway Township; Built in 1920 with interior features including hardwood flooring, 220‑volt electricity, storage, and smoke/fire alarms; Heating and cooling: forced air heating and central air
