Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Jacksonville Rd Burlington, NJ 08016

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,695,000

    Newly renovated retail building with banquet hall for sale.

    Property size:
    15,680 SF
    Lot size:
    2.19 Acres

    Property Features for 600 Jacksonville Rd

    General Information

    Size
    15,680 SF
    Lot size
    2.19 Acres

    We can help!

    Listing Contact
    Leor Hemo
    Leor Hemo
    Source: Moodyscre

    Listing Agent: Leor Hemo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Retail Building with Banquet

    This newly renovated retail building offers a rare purchase opportunity. The building comprises four stores and features up to approximately 15,680 square feet of contiguous space. A fully operational banquet hall is included, complete with a state-of-the-art, fully equipped commercial kitchen. All trade fixtures are included in the sale, allowing for continued operation as a banquet hall or restaurant, or repurposing as retail, medical, or office space. One of the stores is already fitted out as a fast-food restaurant. The spaces are separately metered, and the property benefits from great visibility and signage. The location is off Route 130 and in close proximity to the Burlington-Bristol Bridge, with convenient access to I-295.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grand Regal Banquet ... Banquet Hall Joey's Timeless Elegance ... Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8491214
    Latitude
    40.0714272

    Nearby Similar for Sale

    • $875,000
      0.21 Acres

      Two-Story Brick Building in Burlington

      Two-story brick building with parking lot in Burlington, New Jersey.
      437 High St, Burlington, NJ 08016
      View Details
    • $449,900

      Versatile Office Building on Corner Lot

      Single-level office building with high visibility and diverse usage allowances.
      666 Madison Ave, Burlington, NJ 08016
      View Details
    • $367,000
      4,480 SF

      Burlington Office and Residential Property

      Office building and residential home with development potential in Burlington.
      867 Beverly Rd, Burlington, NJ 08016
      View Details
    • $339,900

      Spacious Garage in Residential Neighborhood

      3,000 sq ft garage with car lift and office.
      820 Oakland Ave, Burlington, NJ 08016
      View Details
    • $259,900

      Historic Burlington City Commercial Building

      Commercial building with flexible space, parking, and convenient location.
      442 High St, Burlington, NJ 08016
      View Details
    • $1,495,000
      7,000 SF

      Retail Property on Mount Holly

      Retail space with frontage, parking, and offices near highways.
      2313 Mount Holly Rd, Burlington, NJ 08016
      View Details
    • Contact for pricing
      5,457 SF

      Two-Story Office Building with Warehouse

      Two-story office building with warehouse space for sale or lease.
      1414 Route 130, Burlington, NJ 08016
      View Details
    • $695,000
      8,400 SF

      Retail/Industrial Building on Route 130

      8,400 SF fully leased building with permitted industrial uses.
      581-621 High St, Burlington, NJ 08016
      View Details
    • $219,000
      1,500 SF

      Spacious Home Near Transportation

      Three-bedroom, 1.5 bath home near shopping and public transportation.
      407 Wood St, Burlington, NJ 08016
      View Details
    • Contact for pricing
      5,457 SF

      Office and Warehouse Space Available

      Office and warehouse space with high ceilings and drive-in doors.
      1414 Us-130, Burlington, NJ
      View Details
    • $875,000

      Two-Story Brick Building For Sale

      Two-story, 12,000 sqft brick building with private parking lot.
      437 High St, Burlington, NJ 08016
      View Details
    • Contact for pricing
      33,700 SF

      Industrial Property on 18.62 Acres

      Industrial property featuring 33,700 SF building on 18.62 acres.
      2013 Us-130, Burlington, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Newly renovated retail building with banquet hall for sale.
    Where is this retail space located?
    The property is located at 600 Jacksonville Rd Burlington, NJ.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - Fully operational banquet hall with state-of-the-art commercial kitchen and all trade fixtures included.; - Newly renovated retail building with up to +/-15,680 SF of contiguous space.; - One store already fitted out as a fast food restaurant.
    (856) 797-1919
    Request Owner's contact information
    600 Jacksonville Rd Burlington, NJ 08016
    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.
    600 Jacksonville Rd
    Burlington, NJ 08016
    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
    600 Jacksonville Rd Burlington, NJ 08016
    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
    Leor Hemo
    Leor Hemo
    (856) 797-1919
    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.