Renovated Retail Storefront with
For Sale
$265,000
105 E Atlantic Ave, Audubon, NJ 08106
Retail opportunity in Audubon with high foot traffic and infrastructure.
Property Size1,240 SF
Lot Size0.02 Acres
Price / SF$213.71
Days on Market425
Property Features for 105 E Atlantic Ave
General Information
Standard status
Active
Size
1,240 SF
Lot size
0.02 Acres
Listing Agency:
Keller Williams Prime Realty
(856) 558-3079
Listed By:
Osbaldo T Matias · License #1758382
(856) 558-3079
Source:
Exprealty
Added: Jun 18, 2025
Changed: Jul 6
Last Checked: Aug 16 at 9:13AM
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 Keller Williams Prime Realty
Investment Insights
Based on property information with market context.
This renovated retail storefront, located in Audubon, offers an opportunity for entrepreneurs to establish or expand their business. The property features over 1,240 square feet of space with a basement, providing immediate customer exposure and built-in infrastructure. The open-floor plan and upgraded flooring are complemented by central air conditioning. The property is positioned to benefit from high foot traffic. This space is suitable for a boutique or store front.
Key Highlights
- Includes all existing inventory and amenities for a quick business start.
- High foot traffic location in the heart of Audubon.
- Renovated 1,240+ sqft storefront with basement.
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
$11,939
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
4.51%
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%
$238,780
$238.8K
Cap Rate 7%
$170,557
$170.6K
Cap Rate 9%
$132,656
$132.7K
Market Conditions
NOI Build-Up for 1,240 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
$18.6K $15.00/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$17.1K $13.76/SF
− OpEx
−$5.1K −$4.13/SF
NOI
$11.9K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$238,780
Cap Rate 7%
$170,557
Cap Rate 9%
$132,656
Alternative Uses
Best Use
Retail
$170.6K
$149.2K – $199.0K
NOI $11,939 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.4K
$275.1K – $366.8K
NOI $22,009 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Electronics 8%
Home Improvements & Furnishings 5%
Wawa
Shops & Services
15,932 visits/mo
0.5 miles
TD Bank
Shops & Services
10,966 visits/mo
0.2 miles
Verizon
Electronics
2,618 visits/mo
0.4 miles
Truist
Shops & Services
2,091 visits/mo
0.1 miles
Audubon Hardware & Supply Co.
Home Improvements & Furnishings
1,671 visits/mo
0.5 miles
Demographics for 08106, NJ
9,698
Population
3,996
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
6,061
Density / Sq Mi
$107,539
Median Household Income
$61,139
Median Earnings
$1,083
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sublime Event Design — 317 E Atlantic Ave, Audubon, NJ 08106
Frequently Asked Questions
What type of property is this?
Storefront property - Retail opportunity in Audubon with high foot traffic and infrastructure.
Where is this storefront property located?
The property is located at 105 E Atlantic Ave Audubon, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Includes all existing inventory and amenities for a quick business start.; High foot traffic location in the heart of Audubon.; Renovated 1,240+ sqft storefront with basement.
