First-Floor Office
For Sale
Contact for pricing
513 N Black Horse Pike, Runnemede, NJ 08078
Two private, first-floor office suites feature access to a kitchenette and conference room with dedicated rear parking and street parking.
Property Size1,296 SF
Price / SF$192.13
Days on Market793
Property Features for 513 N Black Horse Pike
General Information
Standard status
Active
Size
1,296 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1
Amenities
kitchenette
conference room
Listing Agency:
Vantage Commercial
(609) 346-0512
Listed By:
Ken Richardson · License #NJ 1865294
(609) 346-0512
Source:
Moodyscre
Added: Jun 4, 2024
Changed: Jul 30
Last Checked: Aug 5 at 1:25PM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
Two private office suites are available on the first floor of 513 N Black Horse Pike in Runnemede, NJ. Suite access includes use of a kitchenette and a conference room, supporting a practical day-to-day office setup. The space is designed for straightforward tenant use with nearby in-building amenities.
The property fronts Black Horse Pike, a heavily trafficked corridor. A dedicated parking lot is located in the rear of the building, and street parking is also allowed. The location offers walkability to nearby restaurants and retail establishments.
For access to the broader region, the site is described as easily reachable from major thoroughfares, including the NJ Turnpike, I-295, and Route 42. The Walt Whitman Bridge is also noted as only minutes away. The listed size is 1,296 SF.
The property fronts Black Horse Pike, a heavily trafficked corridor. A dedicated parking lot is located in the rear of the building, and street parking is also allowed. The location offers walkability to nearby restaurants and retail establishments.
For access to the broader region, the site is described as easily reachable from major thoroughfares, including the NJ Turnpike, I-295, and Route 42. The Walt Whitman Bridge is also noted as only minutes away. The listed size is 1,296 SF.
Key Highlights
- Two private office suites
- First‑floor offices with access to kitchenette and conference room
- Dedicated rear parking lot plus street parking allowed
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 | $28.5k | $21.96 |
| − Vacancy | −$4.2k | −$3.25 |
| EGI | $24.2k | $18.71 |
| − OpEx | −$6.1k | −$4.68 |
| NOI | $18.2k | $14.03 |
1,296 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$259.8K
$227.3K – $303.1K
NOI $18,186 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$328.6K
$287.5K – $383.4K
NOI $23,003 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 08078, NJ
8,074
Population
3,338
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
4,249
Density / Sq Mi
$97,857
Median Household Income
$47,516
Median Earnings
$1,375
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two private, first-floor office suites feature access to a kitchenette and conference room with dedicated rear parking and street parking.
Where is this office units located?
The property is located at 513 N Black Horse Pike Runnemede, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two private office suites; First‑floor offices with access to kitchenette and conference room; Dedicated rear parking lot plus street parking allowed
