309 Market Street, Camden, NJ
Mixed-use property in revitalizing Downtown Camden, New Jersey.
- Added:
- May 3, 2024
- Days on Market:
- 788
- Last Refresh:
- May 20 at 9:23 pm
Property Features for 309 Market Street
General Information
- Standard status
- Active
- Size
- 3,598 SF
- Lot size
- 0.08 Acres
- Property subtype
- OFFICE
Listing office Vantage Commercial (856) 797-1919
Listing date May 3, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Vantage Commercial
HighLights
- Located in Downtown Camden, NJ, a revitalizing area.
- Mixed‑use property offering residential, commercial, and recreational spaces.
- Camden is emerging as a hub for innovation and entrepreneurship.
- Expanding educational and medical community driving economic growth.
- Easy access to public transportation.
- Convenient commuting to Philadelphia and neighboring cities.
Overview
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $18.00 |
| − Vacancy | −$4.5k | −$1.26 |
| EGI | $60.2k | $16.74 |
| − OpEx | −$22.6k | −$6.28 |
| NOI | $37.6k | $10.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Camden
- State
- New Jersey
- Longitude
- -75.1233
- Latitude
- 39.9462
