Move-In Ready Freestanding
For Sale
$399,000
145 W White Horse Pike, Galloway, NJ 08205
Freestanding office building with a flexible layout and move-in-ready condition, located on Route 30 with highway visibility.
Property Size1,752 SF
Lot Size0.27 Acres
Price / SF$227.74
Days on Market84
Property Features for 145 W White Horse Pike
General Information
Standard status
Active
Size
1,752 SF
Lot size
0.27 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CAYME REALTY LLC
Listed By:
CLENVIC CAYME · License #1537974
(941) 524-2752
Source:
Exprealty
Added: Jun 18
Changed: Sep 8
Last Checked: Sep 8 at 9:31AM
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 CAYME REALTY LLC
Investment Insights
Based on property information with market context.
Move-in-ready freestanding office building offering approximately 1,752 square feet on roughly 0.27 acres. The property features a flexible professional layout designed to support office use, with suitability for medical or other permitted commercial uses subject to buyer verification.
Located directly on White Horse Pike/Route 30 in Galloway Township, the site provides highway visibility and signage potential and offers convenient access. The listing notes proximity to Route 9, the Garden State Parkway, and nearby institutions including AtlantiCare and Stockton University.
The buyer is instructed to verify zoning, measurements, parking, and intended use before proceeding.
Located directly on White Horse Pike/Route 30 in Galloway Township, the site provides highway visibility and signage potential and offers convenient access. The listing notes proximity to Route 9, the Garden State Parkway, and nearby institutions including AtlantiCare and Stockton University.
The buyer is instructed to verify zoning, measurements, parking, and intended use before proceeding.
Key Highlights
- Move‑in‑ready freestanding office building on White Horse Pike/Route 30 in Galloway Township
- Approximately 1,752 SF on roughly 0.27‑acre lot
- Flexible professional layout suitable for office, medical, or other permitted commercial uses
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
$25,669
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
6.43%
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%
$513,380
$513.4K
Cap Rate 7%
$366,700
$366.7K
Cap Rate 9%
$285,211
$285.2K
Market Conditions
NOI Build-Up for 1,752 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
$46.9K $26.76/SF
− Vacancy
−$12.7K −$7.23/SF
EGI
$34.2K $19.53/SF
− OpEx
−$8.6K −$4.88/SF
NOI
$25.7K $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 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%
$513,380
Cap Rate 7%
$366,700
Cap Rate 9%
$285,211
Alternative Uses
Best Use
Office B
$366.7K
$320.9K – $427.8K
NOI $25,669 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$652.4K
$570.9K – $761.2K
NOI $45,670 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 08205, NJ
28,666
Population
11,660
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
681
Density / Sq Mi
$88,636
Median Household Income
$45,611
Median Earnings
$1,527
Median Rent
$263,300
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 - Freestanding office building with a flexible layout and move-in-ready condition, located on Route 30 with highway visibility.
Where is this office building located?
The property is located at 145 W White Horse Pike Galloway, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Move‑in‑ready freestanding office building on White Horse Pike/Route 30 in Galloway Township; Approximately 1,752 SF on roughly 0.27‑acre lot; Flexible professional layout suitable for office, medical, or other permitted commercial uses
