Retail Property on Philadelphia
For Sale
$845,000
Pending
205-207 Philadelphia Ave, Egg Harbor City, NJ 08215
Retail property for sale on Philadelphia Avenue.
Property Size4,760 SF
Days on Market1861
Property Features for 205-207 Philadelphia Ave
General Information
Standard status
Pending
Size
4,760 SF
Zoning
R-C
Taxes and HOA fees
Annual Taxes
$7,694
Amenities
Central Air
Natural Gas
On Street
Building Details
Building Size
4,760 SF
Year Built
1910
Listing Agency:
BHHS Fox & Roach-Margate
Listed By:
Robert A. Rosenthal · License #7819349
(609) 822-4200
Source:
Evrealestate
Added: Aug 1, 2021
Changed: Aug 14
Last Checked: Sep 4 at 3:20AM
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 BHHS Fox & Roach-Margate
Investment Insights
Based on property information with market context.
The property is located on Philadelphia Avenue. To reach the property, travel west on Route 30 and turn right onto Philadelphia Avenue; the property will be on the left. Alternatively, travel east on Route 30 and turn left onto Philadelphia Avenue; the property will be two blocks on the left. The property is suitable for storefront and retail purposes. The property size is 4,760 square feet.
Key Highlights
- Central air cooling for year‑round comfort.
- Natural gas heating system.
- Built in 1910.
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
$45,732
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
5.41%
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%
$914,640
$914.6K
Cap Rate 7%
$653,314
$653.3K
Cap Rate 9%
$508,133
$508.1K
Market Conditions
NOI Build-Up for 4,760 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
$71.4K $15.00/SF
− Vacancy
−$6.1K −$1.28/SF
EGI
$65.3K $13.73/SF
− OpEx
−$19.6K −$4.12/SF
NOI
$45.7K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$914,640
Cap Rate 7%
$653,314
Cap Rate 9%
$508,133
Alternative Uses
Best Use
Retail
$653.3K
$571.7K – $762.2K
NOI $45,732 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,081 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
Wawa
Shops & Services
18,825 visits/mo
0.2 miles
McDonald's
Dining
13,563 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,094 visits/mo
0.2 miles
AutoZone
Shops & Services
3,224 visits/mo
0.2 miles
Domino's Pizza
Dining
480 visits/mo
0.3 miles
Demographics for 08215, NJ
14,092
Population
5,813
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,630
Median Household Income
$46,680
Median Earnings
$1,525
Median Rent
$266,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail property for sale on Philadelphia Avenue.
Where is this storefront property located?
The property is located at 205-207 Philadelphia Ave Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Central air cooling for year‑round comfort.; Natural gas heating system.; Built in 1910.
