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    45 Broad St Elmer, NJ 08318

    For Sale
    $279,900

    High-yield investment, long-term tenant.

    Property size:
    1,952 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This 1,952 square foot office building at 45 Broad Street, Elmer, NJ, presents a compelling investment opportunity. Currently occupied by a long-term tenant, a physical therapist, the property generates a substantial monthly income of $3,000 triple net. This means the tenant covers all taxes, landscaping, snow removal, and utilities, significantly reducing the owner's operational expenses. The annual landlord expenses are approximately $3,800, covering water and insurance. The property boasts a desirable 10% cap rate, making it an attractive addition to any investment portfolio. Convenient off-street and street parking is available for both the tenant and visitors. The building's roof was recently replaced in 2021, ensuring long-term structural integrity. All existing equipment and furniture within the building belong to the tenant and are not included in the sale. This turnkey investment property is located in Elmer's thriving downtown business district, offering excellent visibility and accessibility. The current tenant desires to remain, providing stability and consistent income. This is a rare opportunity to acquire a high-performing medical office building with a strong tenant and excellent financial prospects. The asking price is $279,900.

    Property Features for 45 Broad St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,952 SF

    Building Details

    Year Built
    1938
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmer
    County
    Salem
    State
    New Jersey
    Longitude
    -75.1705
    Latitude
    39.59294

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield investment, long-term tenant.
    Where is this office property / space located?
    The property is located at 45 Broad St Elmer, NJ.
    What is the asking price?
    The asking price for this property is $279,900.
    (856) 769-2020
    Request Owner's contact information
    45 Broad St Elmer, NJ 08318
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    Elmer, NJ 08318
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    Realmo Value Estimation

    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.

    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.

    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
    45 Broad St Elmer, NJ 08318
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