Corner Office Suite with Lower
For Sale
Contact for pricing
122 Haddon Avenue, Collingswood, NJ 08108
Corner office building with private offices, reception, and a finished lower level plus rear parking access.
Property Size1,746 SF
Price / SF$141.75
Days on Market54
Property Features for 122 Haddon Avenue
General Information
Standard status
Active
Size
1,746 SF
Total Parking Spaces
12
Property subtype
Office
Additional Details
Office Units
7
Building Details
Buildings
1
Stories
2
Listing Agency:
Keller Williams
(856) 904-1884
Listed By:
Leonard Ginchereau · License #0227183
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 10 at 7:23AM
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 Keller Williams
Investment Insights
Based on property information with market context.
This corner commercial property is designed for professional and service-oriented use, with a main level that includes seven private offices, a reception area, a break room, and a two-piece bathroom. A finished lower level provides additional usable space, including a storage room and an open area that can support a range of office or ancillary functions. The building includes both front and rear entrances for convenient access.
Access is available from the parking lot, and there are 12 parking spaces located at the rear of the building. The property is offered for sale in as-is condition.
The layout offers a practical mix of private rooms and shared common areas, which can be useful for tenant operations that need multiple offices and a defined reception area. The seller notes possible uses may include office, medical, salon, daycare, and other permitted uses, subject to zoning, licensing, and buyer due diligence. Buyers are responsible for obtaining and paying for any required Certificate of Occupancy or Compliance through the township, and transfer tax will be split between buyer and seller.
Access is available from the parking lot, and there are 12 parking spaces located at the rear of the building. The property is offered for sale in as-is condition.
The layout offers a practical mix of private rooms and shared common areas, which can be useful for tenant operations that need multiple offices and a defined reception area. The seller notes possible uses may include office, medical, salon, daycare, and other permitted uses, subject to zoning, licensing, and buyer due diligence. Buyers are responsible for obtaining and paying for any required Certificate of Occupancy or Compliance through the township, and transfer tax will be split between buyer and seller.
Key Highlights
- Corner commercial building with front and rear entrances and access from the parking lot
- Main level includes 7 private offices, reception area, break room, and 2‑piece bathroom
- Finished lower level adds usable space with a storage room and an open 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
$21,421
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
8.65%
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%
$428,420
$428.4K
Cap Rate 7%
$306,014
$306.0K
Cap Rate 9%
$238,011
$238.0K
Market Conditions
NOI Build-Up for 1,746 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
$41.9K $24.00/SF
− Vacancy
−$6.2K −$3.55/SF
EGI
$35.7K $20.45/SF
− OpEx
−$14.3K −$8.18/SF
NOI
$21.4K $12.27/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$428,420
Cap Rate 7%
$306,014
Cap Rate 9%
$238,011
Alternative Uses
Best Use
Office B
$350.0K
$306.3K – $408.4K
NOI $24,501 @ 7.0% cap · market cap 9.90%
Second Best
Healthcare Medical
$306.0K
$267.8K – $357.0K
NOI $21,421 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$442.7K
$387.4K – $516.5K
NOI $30,990 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 08108, NJ
18,618
Population
9,173
Households
2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,896
Density / Sq Mi
$107,764
Median Household Income
$70,887
Median Earnings
$1,680
Median Rent
$358,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner office building with private offices, reception, and a finished lower level plus rear parking access.
Where is this office units located?
The property is located at 122 Haddon Avenue Collingswood, NJ.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: Corner commercial building with front and rear entrances and access from the parking lot; Main level includes 7 private offices, reception area, break room, and 2‑piece bathroom; Finished lower level adds usable space with a storage room and an open area
