Elevator-Served Office
For Sale
$2,800,000
1501 Tilton Road, Northfield, NJ 08225
COMMERCIAL/INDUSTRIAL, Northfield, NJ
Property Size15,970 SF
Price / SF$175.33
Days on Market97
Property Features for 1501 Tilton Road
General Information
Property type
Residential
Property subtype
Office
Zoning
O-P
Directions
Corner of Tilton Rd and Zion
Subdivision
Northfield City
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
72727
Listing Agency:
FORESITE COMMERCIAL REALTY
(609) 646-1919
Listed By:
SAMANTHA ZERAFA ROESSLER · License #1643608
(609) 816-1517
Added: May 29
Changed: Sep 2
Last Checked: Sep 2 at 9:06PM
MLS# 608480
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-level office property contains approximately 15,970 square feet, with about 6,219 square feet across the first and second floors and roughly 3,500 square feet of finished lower-level space. An elevator connects all floors. The first floor was formerly configured for bank use, and the property may accommodate office or medical applications. Building signage and monument signage may also be possible.
The property occupies a block-to-block position along Tilton Road between Zion Road and Northfield Road, at a signalized corner. Access is provided by two driveways, one from Zion Road and one from Northfield Road. On-site parking includes 53 spaces, with potential for more than 80. The site is approximately three-quarters of a mile from Margate Causeway and just over one mile from Garden State Parkway Exit 36. Zoning is O-P.
The property occupies a block-to-block position along Tilton Road between Zion Road and Northfield Road, at a signalized corner. Access is provided by two driveways, one from Zion Road and one from Northfield Road. On-site parking includes 53 spaces, with potential for more than 80. The site is approximately three-quarters of a mile from Margate Causeway and just over one mile from Garden State Parkway Exit 36. Zoning is O-P.
Key Highlights
- Approximately 15,970+/- SF across three levels
- About 6,219+/- SF on the first and second floors, plus 3,500+/- SF of finished lower‑level space
- Elevator serves all 3 floors
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
$233,978
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
8.36%
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%
$4,679,560
$4.7M
Cap Rate 7%
$3,342,543
$3.3M
Cap Rate 9%
$2,599,756
$2.6M
Market Conditions
NOI Build-Up for 15,970 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
$427.4K $26.76/SF
− Vacancy
−$115.4K −$7.23/SF
EGI
$312.0K $19.53/SF
− OpEx
−$78.0K −$4.88/SF
NOI
$234.0K $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%
$4,679,560
Cap Rate 7%
$3,342,543
Cap Rate 9%
$2,599,756
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.90M
NOI $233,978 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.95M
$5.20M – $6.94M
NOI $416,298 @ 7.0% cap · market cap 14.87%
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
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 08225, NJ
8,442
Population
3,447
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
1,384
Density / Sq Mi
$104,042
Median Household Income
$50,938
Median Earnings
$1,554
Median Rent
$275,900
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 - Three-level office property with finished lower-level space, on-site parking, and access from two driveways.
Where is this office building located?
The property is located at 1501 Tilton Road Northfield, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Approximately 15,970+/- SF across three levels; About 6,219+/- SF on the first and second floors, plus 3,500+/- SF of finished lower‑level space; Elevator serves all 3 floors
