Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    63 East Ave Woodstown, NJ 08098

    Sponsored
    For Sale
    $429,000

    High-yield, fully rented, prime location.

    Property size:
    3,175 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    353
    This exceptional 3-story, 3,175 square foot mixed-use building in Woodstown, NJ presents a compelling investment opportunity. Situated on a 0.33-acre corner lot with convenient paved off-street parking, the property enjoys high visibility on Route 40 and is within walking distance of downtown amenities. The building is currently fully leased, generating substantial income. The first floor comprises a professional office space, currently leased until December 31, 2026, with a monthly rent of $2,800, increasing to $2,900 on January 1, 2026. The upper floors house a three-bedroom, one-bathroom residential unit, leased until December 31, 2025, at a monthly rent of $1,400. The building's interior features original woodwork, vintage hardware, and dramatic high ceilings in the office space, adding to its character and appeal. Located in the LC (Limited Commercial) zoning district, this property offers a stable, long-term return on investment. Its prime location provides easy access to I-295 and the NJ Turnpike, enhancing its desirability. This is an ideal opportunity for investors seeking a secure and profitable addition to their portfolio in a thriving New Jersey town.

    Property Features for 63 East Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,175 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Brandon Hedenberg

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodstown
    County
    Salem
    State
    New Jersey
    Longitude
    -75.32476
    Latitude
    39.65165

    Nearby Comparable

    • $1,200,000
      3.33 Acres

      Hardware Store and Storage Buildings

      Retail and industrial buildings on 3.33 acres near major routes.
      50 E Grant St, Woodstown, NJ 08098
      View Details
    • $976,000
      8,100 SF

      Historic Downtown Woodstown Mixed-Use Building

      Mixed-use building with apartments and retail in historic downtown.
      2 S Main St, Woodstown, NJ 08098
      View Details
    • $925,000
      1 SF

      Woodstown, NJ Multi-Use Property

      Massive 12,750 sq ft building on 2.25 acres
      24 Church St, Woodstown, NJ 08098
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Retail space available in a high-visibility, grocery-anchored shopping center.
      859 Route 45, Woodstown, NJ 08098
      View Details
    • $600,000
      55.25 Acres

      55-Acre Land Parcel on Route 40

      55.25-acre land parcel with highway frontage in Pilesgrove, NJ.
      L13 Route 40, Pilesgrove, NJ 08098
      View Details
    • $400,000
      1 SF

      7.48-Acre Property w/Chapel & Office

      Spacious Chapel, Office Space, & Cemetery
      3 Chapel St, Pilesgrove, NJ 08098
      View Details
    • $157,300
      15.73 Acres

      Agricultural Land in Woodstown, NJ

      15.73 acres of land in Woodstown, New Jersey.
      Mannington Yorketown Rd, Woodstown, NJ 08098
      View Details
    • $532,450
      4.63 Acres

      Secluded 4.63-Acre Land Parcel

      Land parcel in South Harrison Township with natural beauty.
      Harrisonville Rd, Mullica Hill, NJ 08062
      View Details
    • New
      $899,000
      Pending

      Equestrian Estate with Indoor Arena

      Premier equestrian estate on 23.48 acres with indoor riding arena.
      41 Hackett Rd, Woodstown, NJ 08098
      View Details

    Nearby Similar for Sale

    • New
      $899,000
      Pending

      Equestrian Estate with Indoor Arena

      Premier equestrian estate on 23.48 acres with indoor riding arena.
      41 Hackett Rd, Woodstown, NJ 08098
      View Details
    • $1,200,000
      3.33 Acres

      Hardware Store and Storage Buildings

      Retail and industrial buildings on 3.33 acres near major routes.
      50 E Grant St, Woodstown, NJ 08098
      View Details
    • $976,000
      8,100 SF

      Historic Downtown Woodstown Mixed-Use Building

      Mixed-use building with apartments and retail in historic downtown.
      2 S Main St, Woodstown, NJ 08098
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Retail space available in a high-visibility, grocery-anchored shopping center.
      859 Route 45, Woodstown, NJ 08098
      View Details
    • $925,000
      1 SF

      Woodstown, NJ Multi-Use Property

      Massive 12,750 sq ft building on 2.25 acres
      24 Church St, Woodstown, NJ 08098
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-yield, fully rented, prime location.
    Where is this mixed-use property located?
    The property is located at 63 East Ave Woodstown, NJ.
    What is the asking price?
    The asking price for this property is $429,000.
    (856) 556-0011
    Request Owner's contact information
    63 East Ave Woodstown, NJ 08098
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    63 East Ave
    Woodstown, NJ 08098
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    63 East Ave Woodstown, NJ 08098
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brandon Hedenberg
    (856) 556-0011
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.