Mixed-Use Property with Residential
For Sale
$395,555
1 4TH AVENUE, West Deptford, NJ 08051
First-floor professional space pairs with an updated upstairs residence and separate-access basement.
Property Size2,264 SF
Price / SF$174.72
Days on Market100
Property Features for 1 4TH AVENUE
General Information
Standard status
Active
Size
2,264 SF
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Floor
First Floor
Highway Access
Yes
Building Details
Year Built
1979
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Cristin M. Holloway · License #900399
(609) 234-6877
Source:
Cummingsrealtors
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 3 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor commercial layout with an updated two-bedroom residential unit above. The 2,264-square-foot building was constructed in 1979. The former medical-office level includes a reception and waiting area, multiple private offices, and a restroom. A partially finished basement with separate access provides additional storage or workspace.
The upstairs residence features an open-concept living, dining, and kitchen area opening to a sunroom, along with updated cabinetry, stainless steel appliances, updated flooring, a laundry room, full hall bath, and primary suite with walk-in closet. The property sits on a double lot with convenient access to major highways and an expansive paved parking area accommodating approximately eight vehicles, with room to expand. The additional lot may offer subdivision potential, subject to municipal approvals.
The upstairs residence features an open-concept living, dining, and kitchen area opening to a sunroom, along with updated cabinetry, stainless steel appliances, updated flooring, a laundry room, full hall bath, and primary suite with walk-in closet. The property sits on a double lot with convenient access to major highways and an expansive paved parking area accommodating approximately eight vehicles, with room to expand. The additional lot may offer subdivision potential, subject to municipal approvals.
Key Highlights
- 2,264‑square‑foot mixed‑use property constructed in 1979
- First‑floor former medical‑office layout with reception, waiting area, private offices, and restroom
- Updated upstairs two‑bedroom residential unit with sunroom and primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,704
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,080
$714.1K
Cap Rate 7%
$510,057
$510.1K
Cap Rate 9%
$396,711
$396.7K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$58.4K $25.80/SF
− Vacancy
−$10.8K −$4.77/SF
EGI
$47.6K $21.03/SF
− OpEx
−$11.9K −$5.26/SF
NOI
$35.7K $15.77/SF
Area
Gloucester County, NJ
Vacancy
18.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,080
Cap Rate 7%
$510,057
Cap Rate 9%
$396,711
Alternative Uses
Best Use
Office B
$510.1K
$446.3K – $595.1K
NOI $35,704 @ 7.0% cap · market cap 9.03%
Second Best
Healthcare Medical
$357.3K
$312.6K – $416.9K
NOI $25,011 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$761.0K
$665.9K – $887.9K
NOI $53,271 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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Business Placement
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor professional space pairs with an updated upstairs residence and separate-access basement.
Where is this mixed-use property located?
The property is located at 1 4TH AVENUE West Deptford, NJ.
What is the asking price?
The asking price for this property is $395,555.
What are key features of this property?
This property features: 2,264‑square‑foot mixed‑use property constructed in 1979; First‑floor former medical‑office layout with reception, waiting area, private offices, and restroom; Updated upstairs two‑bedroom residential unit with sunroom and primary suite
