Corner Retail Redevelopment
For Sale
$499,890
101 101-103 W Cuthbert Boulevard, Collingswood, NJ 08108
Solid brick corner retail building with option to keep as one unit or divide back into two storefronts.
Property Size3,180 SF
Price / SF$157.20
Days on Market18
Property Features for 101 101-103 W Cuthbert Boulevard
General Information
Standard status
Active
Size
3,180 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1953
Construction
brick
Listing Agency:
Keller Williams Realty - Washington Township
(856) 218-3400
Listed By:
Thomas P. Duffy · License #8932672
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 7 at 6:31AM
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 Realty - Washington Township
Investment Insights
Based on property information with market context.
This solid brick corner retail building was originally constructed as two separate storefronts and is still deeded separately. The dividing wall has been removed to create one larger unit, with the option to keep it open or divide it back up depending on how you want to configure the space. The larger 101 side includes a HVAC system and hot water heater described as about two years old. The HVAC unit for the 103 side is on the roof and was just replaced, and a new water main valve was installed by the township last year.
The property is positioned on a highly traveled section of Cuthbert Boulevard and is described as near the Collingswood downtown area. A fully fenced rear parking lot provides space that can be used for extra parking and/or storage needs. The seller and agent make no representation regarding what the township will or will not approve for use, and potential buyers are directed to contact the township directly for use inquiries.
Historically, the building has been used for a variety of retail businesses including a bakery, a candy shop, a general store, and a pool store.
The property is positioned on a highly traveled section of Cuthbert Boulevard and is described as near the Collingswood downtown area. A fully fenced rear parking lot provides space that can be used for extra parking and/or storage needs. The seller and agent make no representation regarding what the township will or will not approve for use, and potential buyers are directed to contact the township directly for use inquiries.
Historically, the building has been used for a variety of retail businesses including a bakery, a candy shop, a general store, and a pool store.
Key Highlights
- 1953 solid brick corner retail building on Cuthbert Blvd with a fenced rear parking lot
- Originally built as 2 separate storefronts; still deeded separately, with option to keep as one unit or divide back into two
- 101 side includes 2‑year‑old HVAC and hot water heater
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
$30,619
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
6.13%
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%
$612,380
$612.4K
Cap Rate 7%
$437,414
$437.4K
Cap Rate 9%
$340,211
$340.2K
Market Conditions
NOI Build-Up for 3,180 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
$47.7K $15.00/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$43.7K $13.76/SF
− OpEx
−$13.1K −$4.13/SF
NOI
$30.6K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
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%
$612,380
Cap Rate 7%
$437,414
Cap Rate 9%
$340,211
Alternative Uses
Best Use
Retail
$437.4K
$382.7K – $510.3K
NOI $30,619 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.3K
$705.5K – $940.7K
NOI $56,441 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 38%
Beauty & Spa 4%
Wawa
Shops & Services
22,027 visits/mo
0.3 miles
Krispy Kreme Doughnuts
Dining
13,802 visits/mo
0.3 miles
Caliber Collision
Shops & Services
3,158 visits/mo
0.3 miles
Yogo Factory
Dining
2,738 visits/mo
0.5 miles
Hair Cuttery
Beauty & Spa
1,710 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Solid brick corner retail building with option to keep as one unit or divide back into two storefronts.
Where is this storefront property located?
The property is located at 101 101-103 W Cuthbert Boulevard Collingswood, NJ.
What is the asking price?
The asking price for this property is $499,890.
What are key features of this property?
This property features: 1953 solid brick corner retail building on Cuthbert Blvd with a fenced rear parking lot; Originally built as 2 separate storefronts; still deeded separately, with option to keep as one unit or divide back into two; 101 side includes 2‑year‑old HVAC and hot water heater
