Multi-Tenant Office
1370 CHEWS LANDING ROAD, Clementon, NJ 08021
For Sale
$649,900
A two-story office property has multiple suites, rear parking and the option for occupied or vacant delivery with 60 days’ notice.
Property Size2,800 SF
Price / SF$232.11
Days on Market52
Property Features for 1370 CHEWS LANDING ROAD
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Amenities
LVP flooring
LED lighting
security alarm systems
exterior camera surveillance
signage
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Hedenberg Real Estate Company LLC
(856) 556-0011
Listed By:
Brandon Hedenberg · License NJ #1752988
(856) 397-5744
Source:
Cummingsrealtors
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 7:40AM
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 Hedenberg Real Estate Company LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,800 SF office building in Clementon is arranged over two stories and contains approximately 12 offices. Multiple tenants currently occupy the property; delivery can be with tenants in place or vacant with 60 days’ notice. Interior features include LVP flooring, LED lighting and security alarms. HVAC systems have been maintained, and a second-floor unit was installed within the past five years. The building dates to 1955.
A large parking lot sits behind the building, with camera surveillance outdoors. Signage faces Chews Landing Road, and the property has access to Route 42, I-295 and the NJ Turnpike.
A large parking lot sits behind the building, with camera surveillance outdoors. Signage faces Chews Landing Road, and the property has access to Route 42, I-295 and the NJ Turnpike.
Key Highlights
- Approximately 2,800 SF across two stories
- About 12 offices; currently occupied by multiple tenants, with vacant delivery available on 60 days’ notice
- Second‑floor HVAC unit installed within the past five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,291
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,820
$785.8K
Cap Rate 7%
$561,300
$561.3K
Cap Rate 9%
$436,567
$436.6K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$61.5K $21.96/SF
− Vacancy
−$9.1K −$3.25/SF
EGI
$52.4K $18.71/SF
− OpEx
−$13.1K −$4.68/SF
NOI
$39.3K $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 Rate 5%
$785,820
Cap Rate 7%
$561,300
Cap Rate 9%
$436,567
Alternative Uses
Best Use
Office B
$561.3K
$491.1K – $654.9K
NOI $39,291 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.0K
$621.2K – $828.3K
NOI $49,697 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 08021, NJ
51,458
Population
22,195
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
3,958
Density / Sq Mi
$67,439
Median Household Income
$42,864
Median Earnings
$1,288
Median Rent
$192,200
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Camden County, NJ
Properties on Market for Office buildings in Camden County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A two-story office property has multiple suites, rear parking and the option for occupied or vacant delivery with 60 days’ notice.
Where is this office building located?
The property is located at 1370 CHEWS LANDING ROAD Clementon, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Approximately 2,800 SF across two stories; About 12 offices; currently occupied by multiple tenants, with vacant delivery available on 60 days’ notice; Second‑floor HVAC unit installed within the past five years
