Highway Commercial Property on White
58 WHITE HORSE PIKE Waterford Works, NJ 08089
For Sale
$279,900
Turnkey commercial property with high visibility and expansion potential.
Property Size1,800 SF
Lot Size0.17 Acres
Price / SF$155.50
Days on Market621
Property Features for 58 WHITE HORSE PIKE
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1954
Listing Agency:
Joe Wiessner Realty LLC
(609) 561-1010
Listed By:
Joe Wiessner · License #9481996
(609) 561-1010
Source:
Exitrealty
Added: Nov 13, 2024
Changed: Jul 10
Last Checked: Jul 27 at 4:15AM
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 Joe Wiessner Realty LLC
Investment Insights
Based on property information with market context.
Located on the bustling White Horse Pike, this commercial property offers an opportunity for business owners and investors. Zoned HC (Highway Commercial), the property is in a high-traffic area, suitable for various commercial uses. The building features 1,800 square feet of above-grade space, high ceilings, and a flexible layout. Originally a T-shirt pressing facility, the property was renovated in 2007 and now operates as a professional office. The main level includes a reception area, private offices, a conference room, a kitchen area, and a bathroom, with ceilings over 10 feet high. A full 1,800-square-foot basement provides storage space. Renovations in 2007 included upgrades to the HVAC system, electrical wiring, roof and truss structure, windows, a natural gas furnace, and well water system. The HVAC was further upgraded in 2015. The property has a 200-amp electrical service, public waste disposal, and an ADA-compliant entry ramp. With 50 feet of frontage along the White Horse Pike, the property has high visibility. The main lot is 50 by 150 feet, and the parking area at the rear accommodates six to seven vehicles. An additional lot on Zimmerman Ave, also zoned HC and measuring 200 by 150 feet, allows for expansion, additional parking, or outdoor operations. The property is tenant-occupied until April 15, 2025, with a lease in place. It is located in Chesilhurst, NJ.
Key Highlights
- Prime Highway Commercial (HC) zoning on high‑traffic White Horse Pike
- Additional HC‑zoned lot on Zimmerman Ave offers expansion potential
- Turnkey investment opportunity with existing tenant until April 15, 2025
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 | $39.5k | $21.96 |
| − Vacancy | −$5.9k | −$3.25 |
| EGI | $33.7k | $18.71 |
| − OpEx | −$8.4k | −$4.68 |
| NOI | $25.3k | $14.03 |
1,800 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$360.8K
$315.7K – $421.0K
NOI $25,258 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Turnkey commercial property with high visibility and expansion potential.
Where is this office units located?
The property is located at 58 WHITE HORSE PIKE Waterford Works, NJ.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Prime Highway Commercial (HC) zoning on high‑traffic White Horse Pike; Additional HC‑zoned lot on Zimmerman Ave offers expansion potential; Turnkey investment opportunity with existing tenant until April 15, 2025
