Office
For Sale
$1,300,000
411 Commerce Ln, West Berlin, NJ 08091
Commercial office property with an established physical footprint and a location in Camden County.
Property Size6,690 SF
Price / SF$194.32
Days on Market474
Property Features for 411 Commerce Ln
General Information
Standard status
Active
Size
6,690 SF
Total Parking Spaces
45
Taxes and HOA fees
Annual Taxes
$38,421
Building Details
Building Size
6,690 SF
Year Built
1989
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Leor Hemo · License ##0681182
(856) 797-1919
Source:
Evrealestate
Added: May 14, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:13PM
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.
This office building contains 6,690 square feet and was constructed in 1989. The property is identified as an office building and is located at 411 Commerce Ln in West Berlin, New Jersey.
The asset is situated in Camden County and carries a 08091 ZIP code. Its existing office configuration provides a defined commercial property base for evaluation by prospective owners or occupants.
The asset is situated in Camden County and carries a 08091 ZIP code. Its existing office configuration provides a defined commercial property base for evaluation by prospective owners or occupants.
Key Highlights
- 6,690‑square‑foot office building
- Constructed in 1989
- Located at 411 Commerce Ln, West Berlin, NJ 08091
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
$93,877
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
7.22%
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%
$1,877,540
$1.9M
Cap Rate 7%
$1,341,100
$1.3M
Cap Rate 9%
$1,043,078
$1.0M
Market Conditions
NOI Build-Up for 6,690 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
$146.9K $21.96/SF
− Vacancy
−$21.7K −$3.25/SF
EGI
$125.2K $18.71/SF
− OpEx
−$31.3K −$4.68/SF
NOI
$93.9K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /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%
$1,877,540
Cap Rate 7%
$1,341,100
Cap Rate 9%
$1,043,078
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,877 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,740 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 08091, NJ
5,867
Population
2,588
Households
2.3
Avg Household Size
45
Median Age
26%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
1,778
Density / Sq Mi
$74,828
Median Household Income
$41,031
Median Earnings
$1,346
Median Rent
$247,700
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 building - Commercial office property with an established physical footprint and a location in Camden County.
Where is this office building located?
The property is located at 411 Commerce Ln West Berlin, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,690‑square‑foot office building; Constructed in 1989; Located at 411 Commerce Ln, West Berlin, NJ 08091
