Office and Heated Warehouse
For Sale
$269,000
208 BROADWAY, Gloucester City, NJ 08030
Dual-street access serves a professional front office with cubicles and conference space plus a heated rear warehouse/garage.
Property Size2,000 SF
Price / SF$134.50
Days on Market744
Property Features for 208 BROADWAY
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,203
Amenities
Central Air, A/C - Zone
3
Vinyl
Flat
Parking.
Fenced, Lot, On Street.
20.00 x 90
Additional Lot(s). Urban.
Building Details
Year Built
1960
Stories
1
Listing Agency:
RE/MAX Of Cherry Hill
(856) 424-4040
Listed By:
Constance Curci · License #0341281
(856) 905-8751
Source:
Xome
Added: Aug 25, 2024
Changed: Sep 1
Last Checked: Sep 7 at 5:11AM
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 RE/MAX Of Cherry Hill
Investment Insights
Based on property information with market context.
This flexible commercial property combines office space with a heated warehouse/garage facility at the rear. The rear heated space includes a 12-foot overhead door, double entry doors, separate utilities, and direct access to the fenced yard, supported by two-zone heat and central air. The front building offers a professional business presence along Broadway with an open office/showroom area, ten cubicles, a large conference room, two private offices, and temperature-controlled storage, finished with vinyl plank flooring and modern technology infrastructure including Wi-Fi, networking capabilities, and an eight-camera security system.
Access is available from both Broadway and Filmore Street, supporting convenient loading and unloading for equipment, supplies, and vehicles. A fully fenced outdoor area expands operational capacity for fleet parking, trailers, equipment, materials, containers, and other outdoor storage needs, with extensive parking available on site.
Overall, the layout is designed to support businesses that want secure indoor workspace and equipment or vehicle storage paired with dedicated office and conference space, along with secure yard space for day-to-day operations.
Access is available from both Broadway and Filmore Street, supporting convenient loading and unloading for equipment, supplies, and vehicles. A fully fenced outdoor area expands operational capacity for fleet parking, trailers, equipment, materials, containers, and other outdoor storage needs, with extensive parking available on site.
Overall, the layout is designed to support businesses that want secure indoor workspace and equipment or vehicle storage paired with dedicated office and conference space, along with secure yard space for day-to-day operations.
Key Highlights
- 1960‑built double‑lot commercial property with access from both Broadway and Filmore Street
- Heated rear warehouse/garage includes a 12‑ft overhead door, double entry doors, separate utilities, and direct access to the fenced yard
- Fenced outdoor yard space for fleet parking, trailers, equipment, materials, containers, or outdoor storage
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
$24,319
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
9.04%
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%
$486,380
$486.4K
Cap Rate 7%
$347,414
$347.4K
Cap Rate 9%
$270,211
$270.2K
Market Conditions
NOI Build-Up for 2,000 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
$31.2K $15.60/SF
− Vacancy
−$2.6K −$1.29/SF
EGI
$28.6K $14.31/SF
− OpEx
−$4.3K −$2.15/SF
NOI
$24.3K $12.16/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$486,380
Cap Rate 7%
$347,414
Cap Rate 9%
$270,211
Alternative Uses
Best Use
Warehouse
$347.4K
$304.0K – $405.3K
NOI $24,319 @ 7.0% cap · market cap 9.04%
Second Best
Industrial
$278.4K
$243.6K – $324.8K
NOI $19,488 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$507.1K
$443.7K – $591.6K
NOI $35,498 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Dolson Family Catering — 419 Highland Blvd, Gloucester City, NJ 08030
Frequently Asked Questions
What type of property is this?
Flex space - Dual-street access serves a professional front office with cubicles and conference space plus a heated rear warehouse/garage.
Where is this flex space located?
The property is located at 208 BROADWAY Gloucester City, NJ.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 1960‑built double‑lot commercial property with access from both Broadway and Filmore Street; Heated rear warehouse/garage includes a 12‑ft overhead door, double entry doors, separate utilities, and direct access to the fenced yard; Fenced outdoor yard space for fleet parking, trailers, equipment, materials, containers, or outdoor storage
