331 Market Street, Camden, NJ
Storefront property in revitalizing Camden, near Rutgers University.
- Added:
- May 3, 2024
- Days on Market:
- 773
- Last Refresh:
- May 20 at 8:23 pm
Property Features for 331 Market Street
General Information
- Standard status
- Active
- Size
- 2,326 SF
- Lot size
- 0.06 Acres
- Property subtype
- OFFICE
Listing agent Ken Richardson License #NJ 1865294 (609) 346-0512
Listing office Vantage Commercial (856) 797-1919
Listing date May 3, 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
HighLights
- Located in Downtown Camden, a Revitalizing Hub for Innovation and Entrepreneurship
- Walking Distance to Rutgers Camden
- Off‑Street Parking Available
- Corner Location at Third and Market Street
- Easy Access to Public Transportation and Major Roadways
- Proximity to Expanding Educational and Medical Community
Overview
Local Financial Insights For Office B
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 | $51.1k | $21.96 |
| − Vacancy | −$7.6k | −$3.25 |
| EGI | $43.5k | $18.71 |
| − OpEx | −$10.9k | −$4.68 |
| NOI | $32.6k | $14.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Camden
- State
- New Jersey
- Longitude
- -75.1225
- Latitude
- 39.9461
