Professional Office Condo
2 Eastwick Dr Unit 202 Gibbsboro, NJ 08026
New
For Sale
$500,000
One-story, handicap-accessible office condo that can be used as one suite or divided into two.
Property Size3,150 SF
Price / SF$158.73
Days on Market7
Property Features for 2 Eastwick Dr Unit 202
General Information
- Standard status
- Active
- Size
- 3,150 SF
Building Details
- Year Built
- 2004
Listing Agency:
Keller Williams Realty - Marlton
(856) 266-8500
Listed By:
Gloria O Donnon · License #7938998
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 26 at 1:58PM
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 - Marlton
Investment Insights
Based on property information with market context.
This 3,150-square-foot professional office condo is offered in a one-story, handicap-accessible layout. It is configured for a single occupant but can be divided into two suites, supporting flexible office configurations. The exterior is brick and the complex is described as well maintained. Solar panels are included, adding value to the property.
The unit is located within a maintained office condo complex at 2 Eastwick Dr, Unit 202, in Gibbsboro, NJ 08026.
The layout is intended for practical professional use, with suitability noted for engineering, medical, legal, accounting, counseling, or general professional services. The property can be occupied as a whole suite or split to accommodate separate tenants or functions.
The unit is located within a maintained office condo complex at 2 Eastwick Dr, Unit 202, in Gibbsboro, NJ 08026.
The layout is intended for practical professional use, with suitability noted for engineering, medical, legal, accounting, counseling, or general professional services. The property can be occupied as a whole suite or split to accommodate separate tenants or functions.
Key Highlights
- One‑story, handicap‑accessible professional office condo (3,200 SF)
- Configured for a single occupant but capable of division into two suites
- Built in 2004 with brick exterior and a well‑maintained complex
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 | $69.2k | $21.96 |
| − Vacancy | −$10.2k | −$3.25 |
| EGI | $58.9k | $18.71 |
| − OpEx | −$14.7k | −$4.68 |
| NOI | $44.2k | $14.03 |
3,150 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$631.5K
$552.5K – $736.7K
NOI $44,202 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.7K
$698.9K – $931.8K
NOI $55,909 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Paros Technologies
(Bike/Boat/Book/etc) Store
Big Sky Enterprises
Construction Company
Law Offices of Mitchell ...
Law Firm
National Future Mtg-Gibbsboro
Loan Service
Patrick A. Neely Home ...
Loan Service
FAQs
What type of property is this?
Office units - One-story, handicap-accessible office condo that can be used as one suite or divided into two.
Where is this office units located?
The property is located at 2 Eastwick Dr Unit 202 Gibbsboro, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: One‑story, handicap‑accessible professional office condo (3,200 SF); Configured for a single occupant but capable of division into two suites; Built in 2004 with brick exterior and a well‑maintained complex
