Live-Work Property With
For Sale
Under Contract
$300,000
820 OAKLAND Avenue, Burlington, NJ 08016
Multi-Family, BURLINGTON, NJ
Property Size2,925 SF
Lot Size0.23 Acres
Price / SF$102.56
Days on Market119
Property Features for 820 OAKLAND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Parking
10
Parking features
Paved or Surfaced, Fenced, On Street, Driveway
Interior features
Bathroom - Stall Shower, Floor Plan - Open
Subdivision
NONE AVA ILABLE
Elementary school district
BURLINGTON CITY SCHOOLS
Middle school district
BURLINGTON CITY SCHOOLS
High school district
BURLINGTON CITY SCHOOLS
Standard status
Active Under Contract
Size
2,925 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
4975
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Number of units
2
Building materials
Block
Architectural style
Ranch
Listing Agency:
RE/MAX World Class Realty
(609) 386-1636
Listed By:
Ronald Palentchar · License #0015912
(609) 923-4013
Added: May 9
Changed: Sep 2
Last Checked: Sep 3 at 11:06PM
MLS# NJBL2111662
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.
Investment Insights
Based on property information with market context.
This 2,925-square-foot live-work property combines office space with a pull-through shop in a ranch-style layout. Built in 1950 with block construction, the property includes an open floor plan, a stall-shower bathroom, forced-air heat, and paved, fenced parking with driveway and on-street options.
The property occupies 0.2295 acres at 820 Oakland Avenue in Burlington, New Jersey. It was historically arranged as two separate units and may offer a path toward reestablishing distinct spaces at 818 and 820, subject to buyer due diligence regarding municipal zoning, permits, and conversion requirements.
The property occupies 0.2295 acres at 820 Oakland Avenue in Burlington, New Jersey. It was historically arranged as two separate units and may offer a path toward reestablishing distinct spaces at 818 and 820, subject to buyer due diligence regarding municipal zoning, permits, and conversion requirements.
Key Highlights
- 2,925‑square‑foot live‑work property with office space and a pull‑through shop
- 0.2295‑acre lot at 820 Oakland Avenue, Burlington, NJ 08016
- Historically configured as two separate units at 818 and 820
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
$26,241
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
8.75%
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%
$524,820
$524.8K
Cap Rate 7%
$374,871
$374.9K
Cap Rate 9%
$291,567
$291.6K
Market Conditions
NOI Build-Up for 2,925 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
$39.3K $13.44/SF
− Vacancy
−$4.3K −$1.48/SF
EGI
$35.0K $11.96/SF
− OpEx
−$8.7K −$2.99/SF
NOI
$26.2K $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%
$524,820
Cap Rate 7%
$374,871
Cap Rate 9%
$291,567
Alternative Uses
Best Use
Multifamily LT 5
$598.8K
$524.0K – $698.6K
NOI $41,917 @ 7.0% cap · market cap 13.97%
Second Best
Apartment 5plus
$547.3K
$478.9K – $638.5K
NOI $38,311 @ 7.0% cap · market cap 12.77%
Theoretical Best
Warehouse
$6.12M
$5.35M – $7.14M
NOI $428,231 @ 7.0% cap · market cap 142.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
Market
Vacancy Rate% for Office 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?
Live-work space - Ranch-style live-work property with an open floor plan, office area, and pull-through shop configuration.
Where is this live-work space located?
The property is located at 820 OAKLAND Avenue Burlington, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,925‑square‑foot live‑work property with office space and a pull‑through shop; 0.2295‑acre lot at 820 Oakland Avenue, Burlington, NJ 08016; Historically configured as two separate units at 818 and 820
