Building Details

Year Built 1960

Listing Agency: eXp Realty - Montclair

Listed By: CARLO DROGO · License #1756500 Show Phone

Source: Southjerseyshorehomesfinder

Added: Aug 8 Changed: Oct 10 Last Checked: Oct 15 at 4:12AM

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Investment Insights

Based on property information with market context.

This private office unit occupies 110 sq. ft. on the second floor of a 1960 office property at 1315 Harding Hwy in Richland, NJ. The space provides a dedicated setting for business operations, with utilities included and on-site parking available for occupants and visitors.

Additional office suites are expected to become available, offering future options for businesses that require more room. Larger spaces may be tailored to suit individual business needs, subject to availability.

Key Highlights

• 110 sq. ft. second‑floor private office
• Utilities included
• On‑site parking for occupants and clients

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,612

Suggested Prices Based on Cap Rates

Cap Rate 5%

$32,240 $32.2K

Cap Rate 7%

$23,029 $23.0K

Cap Rate 9%

$17,911 $17.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 110 SF

Gross rent

$2.9K $26.76/SF

− Vacancy

−$795 −$7.23/SF

EGI

$2.1K $19.53/SF

− OpEx

−$537 −$4.88/SF

NOI

$1.6K $14.65/SF

Area

Atlantic County, NJ

Vacancy

27.00%

Lease Rate

$26.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$32,240

Cap Rate 7%

$23,029

Cap Rate 9%

$17,911

Alternative Uses

Best Use

Office B

$23.0K

$20.2K – $26.9K (±1% cap)

NOI $1,612 @ 7.0% cap · market cap 293.09%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$41.0K

$35.8K – $47.8K (±1% cap)

NOI $2,867 @ 7.0% cap · market cap 521.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Garden Center Computer & Electronic Repair Pet Grooming Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 08350, NJ

611

Population

341

Households

1.8

Avg Household Size

47

Median Age

18%

College-Educated

83%

High-School Grad

3.2 sq mi

ZIP Area

191

Density / Sq Mi

$152,525

Median Household Income

$77,615

Median Earnings

$235,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office units - Private workspace with utilities included and on-site parking for convenient client access.

Where is this office units located?

The property is located at 1315 Harding Hwy Richland, NJ.

What are key features of this property?

This property features: 110 sq. ft. second‑floor private office; Utilities included; On‑site parking for occupants and clients