Versatile Office Building on Corner
For Sale
$449,900
666 Madison Ave, Burlington, NJ 08016
Single-level office building with high visibility and diverse usage allowances.
Property Size2,750 SF
Lot Size0.17 Acres
Price / SF$163.60
Days on Market751
Property Features for 666 Madison Ave
General Information
Standard status
Active
Size
2,750 SF
Lot size
0.17 Acres
Listing Agency:
Twins Associates, LLC
(856) 313-2390
Listed By:
Murat Sengul · License #0447447
(856) 313-2390
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 6
Last Checked: Jul 31 at 2:41PM
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 Twins Associates, LLC
Investment Insights
Based on property information with market context.
This single-level office building, offering 2,750+/- square feet, is located at the corner of Route 130 and Madison Avenue. Constructed in the late 1990s with a recent addition, the building features a masonry exterior and concrete foundation. The property benefits from high visibility, with over 50,000 cars passing daily on Route 130. The 14-room space includes a ramp and regular entrance, as well as handicapped bathrooms. It is serviced by a single-phase 200-amp electrical system and heated/cooled by forced-air gas-fired systems. Approved civic uses for the property include public and private parks and playgrounds. Religious uses such as worship, assembly, Sunday school, parish, rectory, parsonage, or convent are conditionally allowed. Education-related usage includes nurseries, preschools, kindergartens, and state-licensed elementary and secondary schools, with conditional approval. Health care and social assistance facilities are conditionally permitted. Professional and technical services, administrative and support services, and information-related activities are permitted as home occupations, as are scientific research and development services. The property is located in Burlington, NJ.
Key Highlights
- High‑visibility location on Route 130 with over 50,000 cars passing daily.
- Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.
- Single‑level office building with 2,750+\/- square feet.
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 | $37.0k | $13.44 |
| − Vacancy | −$4.1k | −$1.48 |
| EGI | $32.9k | $11.96 |
| − OpEx | −$8.2k | −$2.99 |
| NOI | $24.7k | $8.97 |
2,750 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$352.4K
$308.4K – $411.2K
NOI $24,671 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.75M
$5.03M – $6.71M
NOI $402,610 @ 7.0% cap · market cap 89.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-level office building with high visibility and diverse usage allowances.
Where is this office building located?
The property is located at 666 Madison Ave Burlington, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: High‑visibility location on Route 130 with over 50,000 cars passing daily.; Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.; Single‑level office building with 2,750+\/- square feet.
