Corner Restaurant with Two
For Sale
$375,000
17 S Broadway, Gloucester City, NJ 08030
Restaurant space with takeout and dine-in service, two entrances, and approximately eight parking spaces on a corner lot.
Property Size1,000 SF
Price / SF$375
Days on Market45
Property Features for 17 S Broadway
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
8
Additional Details
Equipment Included
Yes
Building Details
Year Built
1960
Listing Agency:
RE/MAX Preferred - Cherry Hill
Listed By:
Cecily Cao · License #1221936
(267) 984-3745
Source:
Kandorre
Added: Jul 29
Changed: Sep 10
Last Checked: Sep 9 at 8:49PM
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 Preferred - Cherry Hill
Investment Insights
Based on property information with market context.
This conventional restaurant property in Gloucester City, NJ offers both takeout and dine-in capabilities. The building includes existing kitchen equipment that is included and sold AS-IS. The site is positioned on a high-visibility corner lot with two entrances, supporting flexible customer access. Retail or other permitted commercial uses may also be considered, with buyers and tenants advised to verify permitted uses with the municipality.
The property is available for sale or lease and sits at 17 S Broadway. It has approximately eight parking spaces. The building was constructed in 1960 and offers approximately 1,000 SF of space for an operator looking to run a food concept or adapt the use to another permitted commercial activity.
Interested parties should review the intended operating plan and confirm all applicable approvals for their specific use before moving forward.
The property is available for sale or lease and sits at 17 S Broadway. It has approximately eight parking spaces. The building was constructed in 1960 and offers approximately 1,000 SF of space for an operator looking to run a food concept or adapt the use to another permitted commercial activity.
Interested parties should review the intended operating plan and confirm all applicable approvals for their specific use before moving forward.
Key Highlights
- Approximately 1,000 SF conventional restaurant property
- High‑visibility corner lot with two entrances
- Takeout and dine‑in service capabilities
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
$12,623
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
3.37%
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%
$252,460
$252.5K
Cap Rate 7%
$180,329
$180.3K
Cap Rate 9%
$140,256
$140.3K
Market Conditions
NOI Build-Up for 1,000 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
$18.0K $18.00/SF
− Vacancy
−$1.2K −$1.17/SF
EGI
$16.8K $16.83/SF
− OpEx
−$4.2K −$4.21/SF
NOI
$12.6K $12.62/SF
Area
Camden County, NJ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$252,460
Cap Rate 7%
$180,329
Cap Rate 9%
$140,256
Alternative Uses
Best Use
Specialty Retail
$180.3K
$157.8K – $210.4K
NOI $12,623 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.6K
$221.9K – $295.8K
NOI $17,749 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Dollar Tree
Shops & Services
7,805 visits/mo
0.4 miles
Dollar General
Shops & Services
7,629 visits/mo
0.5 miles
Phillips 66
Shops & Services
6,573 visits/mo
0.2 miles
Dunkin' Donuts
Dining
4,813 visits/mo
0.5 miles
TD Bank
Shops & Services
4,006 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with takeout and dine-in service, two entrances, and approximately eight parking spaces on a corner lot.
Where is this conventional restaurant located?
The property is located at 17 S Broadway Gloucester City, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 1,000 SF conventional restaurant property; High‑visibility corner lot with two entrances; Takeout and dine‑in service capabilities
