Zoned Multi-Use Building on
For Sale
$4,900,000
110 S New York Road, Galloway, NJ 08205
Multi-use 17,000 sq ft building on 4 acres, zoned HD-1 for schools, offices, lodging, and residential care.
Property Size17,000 SF
Lot Size4.00 Acres
Price / SF$288.24
Days on Market62
Property Features for 110 S New York Road
General Information
Standard status
Active
Size
17,000 SF
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
HD-1
Amenities
Central air
Central Air Cooling
Highway Frontage
Off Street
Paver Block
Building Details
Year Built
1998
Listing Agency:
HOMESMART FIRST ADVANTAGE
(732) 352-1000
Listed By:
RESA SHAPIRO · License #1542715
Source:
Corcoran
Added: Jun 9
Changed: Aug 8
Last Checked: Jun 13 at 3:15AM
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 HOMESMART FIRST ADVANTAGE
Investment Insights
Based on property information with market context.
The property is a 17,000 sq ft building situated on 4 acres. It is zoned HD-1 and is offered for sale as a flexible, multi-use facility that can accommodate a range of institutional and commercial concepts.
The parcel at 110 S New York Road includes the full building and surrounding acreage. The offering also notes that the property can be sold together with 58 S New York (also listed for sale).
Based on the stated HD-1 zoning, the building may be suitable for buyers looking to develop or operate uses such as schools, offices, lodging facilities, or residential care facilities. This combination of building size, site acreage, and zoning scope can support a variety of healthcare-adjacent and community-oriented business models, subject to applicable approvals.
The parcel at 110 S New York Road includes the full building and surrounding acreage. The offering also notes that the property can be sold together with 58 S New York (also listed for sale).
Based on the stated HD-1 zoning, the building may be suitable for buyers looking to develop or operate uses such as schools, offices, lodging facilities, or residential care facilities. This combination of building size, site acreage, and zoning scope can support a variety of healthcare-adjacent and community-oriented business models, subject to applicable approvals.
Key Highlights
- 17,000 SF multi‑use building on 4 acres
- Year built 1998
- Zoned HD‑1
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
$249,069
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
5.08%
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%
$4,981,380
$5.0M
Cap Rate 7%
$3,558,129
$3.6M
Cap Rate 9%
$2,767,433
$2.8M
Market Conditions
NOI Build-Up for 17,000 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
$454.9K $26.76/SF
− Vacancy
−$122.8K −$7.23/SF
EGI
$332.1K $19.53/SF
− OpEx
−$83.0K −$4.88/SF
NOI
$249.1K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
25.00%
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%
$4,981,380
Cap Rate 7%
$3,558,129
Cap Rate 9%
$2,767,433
Alternative Uses
Best Use
Office B
$3.56M
$3.11M – $4.15M
NOI $249,069 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,165 @ 7.0% cap · market cap 3.47%
Theoretical Best
Warehouse
$6.33M
$5.54M – $7.39M
NOI $443,148 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08205, NJ
28,666
Population
11,660
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
681
Density / Sq Mi
$88,636
Median Household Income
$45,611
Median Earnings
$1,527
Median Rent
$263,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Assisted living facility - Multi-use 17,000 sq ft building on 4 acres, zoned HD-1 for schools, offices, lodging, and residential care.
Where is this assisted living facility located?
The property is located at 110 S New York Road Galloway, NJ.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 17,000 SF multi‑use building on 4 acres; Year built 1998; Zoned HD‑1
