First-Floor Residential Income
For Sale
$260,000
1 SHEFFIELD DRIVE, Marlton, NJ 08053
First-floor condominium with an open layout, upgraded kitchen finishes, private patio, and access to extensive community amenities.
Property Size995 SF
Days on Market8
Property Features for 1 SHEFFIELD DRIVE
General Information
Standard status
Active
Size
995 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,689
Amenities
stainless steel appliances
fireplace
on-site laundry
tennis courts
scenic jogging paths
private patio
walking trails
lake
community swimming pool
basketball courts
Building Details
Building Size
995 SF
Year Built
1987
Listing Agency:
Real Broker, LLC
Listed By:
Lina Siciliano · License #1752309
(609) 417-0261
Source:
Patmckennarealtors
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 24 at 6:00PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This first-floor condominium is configured with two bedrooms and one bathroom, offering an open connection between the living and dining areas. Interior features include luxury vinyl plank flooring, carpeting, a fireplace, upgraded kitchen countertops, subway-style backsplash, stainless steel appliances, and a kitchen island. The unit also includes a private patio, dedicated parking, and access to on-site laundry facilities.
Community amenities include tennis courts, basketball courts, a swimming pool, walking and jogging trails, and a lake. The property is located near major highways, shopping, and dining. Built in 1987, the condominium combines a practical residential layout with shared recreational amenities and convenient access to everyday destinations.
Community amenities include tennis courts, basketball courts, a swimming pool, walking and jogging trails, and a lake. The property is located near major highways, shopping, and dining. Built in 1987, the condominium combines a practical residential layout with shared recreational amenities and convenient access to everyday destinations.
Key Highlights
- First‑floor condominium with 2 bedrooms and 1 bathroom
- Open living and dining arrangement with a fireplace
- Kitchen includes upgraded countertops, subway‑style backsplash, stainless steel appliances, and an island
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
$10,105
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
3.89%
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%
$202,100
$202.1K
Cap Rate 7%
$144,357
$144.4K
Cap Rate 9%
$112,278
$112.3K
Market Conditions
NOI Build-Up for 995 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
$19.5K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$18.4K $18.46/SF
− OpEx
−$8.3K −$8.31/SF
NOI
$10.1K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
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%
$202,100
Cap Rate 7%
$144,357
Cap Rate 9%
$112,278
Alternative Uses
Best Use
Apartment 5plus
$144.4K
$126.3K – $168.4K
NOI $10,105 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.3K
$220.8K – $294.3K
NOI $17,660 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with an open layout, upgraded kitchen finishes, private patio, and access to extensive community amenities.
Where is this residential income property located?
The property is located at 1 SHEFFIELD DRIVE Marlton, NJ.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: First‑floor condominium with 2 bedrooms and 1 bathroom; Open living and dining arrangement with a fireplace; Kitchen includes upgraded countertops, subway‑style backsplash, stainless steel appliances, and an island
