Building Details

Building Size 556 SF

Year Built 1973

Listing Agency: Keller Williams - Main Street

Listed By: Richard Cruz · License #455027 Show Phone

Source: Patmckennarealtors

Added: Oct 18 Changed: Oct 25 Last Checked: Oct 26 at 10:42PM

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Investment Insights

Based on property information with market context.

This one-bedroom condominium in Somerdale, New Jersey, includes a private balcony and in-unit laundry. The building dates to 1973, and the property is presented as move-in ready.

A public park and ball fields are nearby, with the White Horse Pike corridor and shopping also in the surrounding area. The condominium association fee covers heat and water.

Key Highlights

• One‑bedroom condominium
• Private balcony
• In‑unit laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,646

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$112,920 $112.9K

Cap Rate 7%

$80,657 $80.7K

Cap Rate 9%

$62,733 $62.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 556 SF

Gross rent

$10.9K $19.56/SF

− Vacancy

−$609 −$1.10/SF

EGI

$10.3K $18.46/SF

− OpEx

−$4.6K −$8.31/SF

NOI

$5.6K $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 Rate 5%

$112,920

Cap Rate 7%

$80,657

Cap Rate 9%

$62,733

Alternative Uses

Best Use

Apartment 5plus

$80.7K

$70.6K – $94.1K (±1% cap)

NOI $5,646 @ 7.0% cap · market cap 4.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$141.0K

$123.4K – $164.5K (±1% cap)

NOI $9,868 @ 7.0% cap · market cap 8.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

616

Businesses Nearby

Explore this area Business Placement

Demographics for 08083, NJ

9,888

Population

3,973

Households

2.5

Avg Household Size

41

Median Age

28%

College-Educated

94%

High-School Grad

2.5 sq mi

ZIP Area

3,955

Density / Sq Mi

$87,703

Median Household Income

$47,138

Median Earnings

$1,236

Median Rent

$254,400

Median Home Value

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Residential Income Property with Updated Kitchen

101 DARTMOUTH AVENUE, Somerdale, NJ 08083

$130,000

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Standalone Mixed-Use Property

604 S WHITE HORSE PIKE, Somerdale, NJ 08083

$200,000

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Three-Unit Strip Center

3 3, 5, 7 N White Horse Pike, Somerdale, NJ 08083

$250,000

3,000 SF

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Frequently Asked Questions

What type of property is this?

Residential income property - A private balcony and in-unit laundry add practical features to this one-bedroom condominium.

Where is this residential income property located?

The property is located at 110 DARTMOUTH AVENUE Somerdale, NJ.

What is the asking price?

The asking price for this property is $115,000.

What are key features of this property?

This property features: One‑bedroom condominium; Private balcony; In‑unit laundry