Income-Producing
For Sale
$285,000
112 NATALIE ROAD, Riverside, NJ 08075
Three-bedroom condo with community pool and tennis courts, suited to rental income or future owner occupancy.
Property Size1,059 SF
Days on Market123
Property Features for 112 NATALIE ROAD
General Information
Standard status
Active
Size
1,059 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,096
Amenities
pool
tennis courts
Building Details
Building Size
1,059 SF
Year Built
2003
Listing Agency:
RE/MAX Of Cherry Hill
(856) 246-7408
Listed By:
Bayram Kose · License #999030
(856) 246-7408
Source:
Patmckennarealtors
Added: Apr 7
Changed: Aug 4
Last Checked: Aug 6 at 4:42AM
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 RE/MAX Of Cherry Hill
Investment Insights
Based on property information with market context.
Built in 2003, this income-producing condo combines a bright living and dining area with wood flooring across the main space. The kitchen provides countertop workspace, cabinet storage, and a practical layout for daily use. The primary bedroom has a private bathroom and walk-in closet, while two additional bedrooms and a full hall bathroom support household, guest, or office needs.
Community amenities include a pool and tennis courts. The property is minutes from shopping, dining, and major highways, including Route 295. Its current rental-income profile also supports an ownership strategy in which the residence can be occupied later.
Community amenities include a pool and tennis courts. The property is minutes from shopping, dining, and major highways, including Route 295. Its current rental-income profile also supports an ownership strategy in which the residence can be occupied later.
Key Highlights
- Income‑producing condominium built in 2003
- Three bedrooms, including a primary suite with private bath and walk‑in closet
- Wood flooring throughout the main living and dining area
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
$16,285
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
5.71%
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%
$325,700
$325.7K
Cap Rate 7%
$232,643
$232.6K
Cap Rate 9%
$180,944
$180.9K
Market Conditions
NOI Build-Up for 1,059 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
$31.8K $30.00/SF
− Vacancy
−$2.2K −$2.04/SF
EGI
$29.6K $27.96/SF
− OpEx
−$13.3K −$12.58/SF
NOI
$16.3K $15.38/SF
Area
Paterson, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$325,700
Cap Rate 7%
$232,643
Cap Rate 9%
$180,944
Alternative Uses
Best Use
Apartment 5plus
$232.6K
$203.6K – $271.4K
NOI $16,285 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$276.5K
$242.0K – $322.6K
NOI $19,357 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condo with community pool and tennis courts, suited to rental income or future owner occupancy.
Where is this residential income property located?
The property is located at 112 NATALIE ROAD Riverside, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Income‑producing condominium built in 2003; Three bedrooms, including a primary suite with private bath and walk‑in closet; Wood flooring throughout the main living and dining area
