Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Jacksonville Rd Burlington, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Newly renovated retail building with banquet hall for sale.

    Type:RETAIL
    Property size:
    15,680 SF
    Lot size:
    2.19 Acres
    Price / SF:
    $108/SF
    Added:
    May 7, 2024
    Days on Market:
    724
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features for 600 Jacksonville Rd

    General Information

    Standard status
    Active
    Size
    15,680 SF
    Lot size
    2.19 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Leor Hemo
    Leor Hemo

    Listing agent Leor Hemo

    Listing office Vantage Commercial

    Listing date May 7, 2024

    Source Moodyscre

    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 Vantage Commercial

    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 ... Wedding Service Joey's Timeless Elegance ... Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8491
    Latitude
    40.0714

    Nearby Similar for Sale

    • $875,000

      BURLINGTON, NJ Commercial Building

      Two-story brick building with parking lot in BURLINGTON, NJ.
      437 HIGH Street, BURLINGTON, NJ 08016
      View Details
    • $399,700
      7,500 SF

      Mixed-Use Building in Historic Burlington

      Mixed-use building with retail, office, and warehouse space for sale.
      35 E BROAD STREET, BURLINGTON, NJ 08016
      View Details
    • $367,000
      1,680 SF

      Former Funeral Home in Burlington

      Single-story, 1,680+/- SF building in a thriving community.
      867 & 869 Beverly Road, 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 Road, Burlington, NJ 08016
      View Details
    • $187,000
      2,400 SF

      Modern Office Space Available

      2400 sq ft office space, great investment opportunity.
      321 W BROAD STREET, BURLINGTON, NJ 08016
      View Details
    • $489,000
      10,000 SF

      Historic Burlington City Commercial Building

      Iconic 3-story brick building with original bank and restaurant features.
      354 HIGH STREET, BURLINGTON, NJ 08016
      View Details
    • $600,000

      Mixed-Use Property Package Deal

      Six units with potential for more, sold as package.
      127 E BROAD STREET, BURLINGTON, NJ 08016
      View Details
    • $780,000

      Four-Unit Strip Mall For Sale

      Four-unit strip mall with high exposure on a busy street.
      667-675 High St, BURLINGTON, NJ 08016
      View Details
    • $875,000
      12,000 SF

      Two-Story Brick Building For Sale

      Two-story, 12,000 sqft brick building with private parking lot.
      437 High St, Burlington, NJ, 08016-4514
      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
    • $875,000
      12,000 SF

      Two-Story Brick Building For Sale

      Two-story, 12,000 sqft brick building with private parking.
      437 High St, BURLINGTON, NJ 08016
      View Details
    • $259,900
      1,585 SF

      Historic Burlington City Commercial Building

      Versatile commercial building in historic Burlington City with parking.
      442 HIGH STREET, BURLINGTON, NJ 08016
      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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Leor Hemo
    Leor Hemo
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!