Residential Income Property with
For Sale
$225,000
Pending
1408 BERWYCK COURT, Sicklerville, NJ 08081
Condominium offering a flexible two-level layout, fireplace, laundry room, and wooded outdoor views.
Property Size908 SF
Days on Market151
Property Features for 1408 BERWYCK COURT
General Information
Standard status
Pending
Size
908 SF
Property subtype
Apartment
Additional Details
Road Access
Yes
Multifamily Units
1
Amenities
fireplace
private balcony
Building Details
Building Size
908 SF
Year Built
1983
Listing Agency:
BHHS Fox & Roach-Washington-Gloucester
Listed By:
Angie Kovalak
(856) 227-8900
Source:
Patciervo.kw
Added: Apr 6
Changed: Aug 31
Last Checked: Aug 31 at 12:43PM
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 BHHS Fox & Roach-Washington-Gloucester
Investment Insights
Based on property information with market context.
This 1983 condominium provides a two-level layout with adaptable living areas and low-maintenance ownership. The main floor includes a living room with fireplace, kitchen with ample cabinetry, one bedroom, a full bathroom, and a laundry room. Upstairs, the primary bedroom has a private bathroom, while additional finished space can serve as a family room, playroom, or home office. A private balcony overlooks a wooded landscape and adds outdoor space for relaxation or entertaining.
The property is located near major roadways, with Philadelphia accessible for commuting. Gloucester Premium Outlets are less than 5 minutes away, along with shopping, dining, and everyday services. The residence is positioned on a quiet cul-de-sac in Sicklerville, New Jersey.
The property is located near major roadways, with Philadelphia accessible for commuting. Gloucester Premium Outlets are less than 5 minutes away, along with shopping, dining, and everyday services. The residence is positioned on a quiet cul-de-sac in Sicklerville, New Jersey.
Key Highlights
- Two‑level condominium built in 1983
- Private balcony overlooking a wooded landscape
- Living room with fireplace and kitchen with ample cabinetry
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
$9,221
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
4.10%
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%
$184,420
$184.4K
Cap Rate 7%
$131,729
$131.7K
Cap Rate 9%
$102,456
$102.5K
Market Conditions
NOI Build-Up for 908 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
$17.8K $19.56/SF
− Vacancy
−$995 −$1.10/SF
EGI
$16.8K $18.46/SF
− OpEx
−$7.5K −$8.31/SF
NOI
$9.2K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
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%
$184,420
Cap Rate 7%
$131,729
Cap Rate 9%
$102,456
Alternative Uses
Best Use
Apartment 5plus
$131.7K
$115.3K – $153.7K
NOI $9,221 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.2K
$201.5K – $268.6K
NOI $16,116 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 08081, NJ
50,601
Population
18,361
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
25.2 sq mi
ZIP Area
2,008
Density / Sq Mi
$102,924
Median Household Income
$51,734
Median Earnings
$1,551
Median Rent
$262,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offering a flexible two-level layout, fireplace, laundry room, and wooded outdoor views.
Where is this residential income property located?
The property is located at 1408 BERWYCK COURT Sicklerville, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑level condominium built in 1983; Private balcony overlooking a wooded landscape; Living room with fireplace and kitchen with ample cabinetry
