Listing Agency: Vantage Commercial Show Phone

Listed By: Ken Richardson · License ##1865294 Show Phone

Source: Moodyscre

Added: Nov 5, 2025 Changed: Sep 14 Last Checked: Sep 20 at 6:57AM

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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.

Situated on a 2.8-acre lot along Route 206, this commercial property benefits from substantial street-level exposure and visibility, with an estimated traffic count of 15,000 to 20,000 vehicles per day, increasing on weekends. Its location, just before a signaled intersection, enhances accessibility and prominence. Originally constructed as a bank in 1978, with an expansion in 2015, the 2,350-square-foot property retains its distinctive architectural features, including a prominent roof cupola and an original 11’ x 15’ bank vault. These elements add unique character and potential branding opportunities for businesses seeking a memorable location. The surrounding area boasts a strong sense of community, with local businesses and amenities that cater to residents’ needs. While the area maintains a rural charm, it’s well-connected to nearby towns offering additional services and attractions. This balance of tranquility and accessibility makes the location appealing for those seeking a peaceful yet connected lifestyle.

Key Highlights

• High visibility location on Route 206 with 15,000‑20,000 vehicles per day traffic count.
• 2.8‑acre lot with substantial street‑level exposure.**
• Expanded and well‑maintained commercial property.

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

$35,142

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

4.45%

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%

$702,840 $702.8K

Cap Rate 7%

$502,029 $502.0K

Cap Rate 9%

$390,467 $390.5K

Market Conditions

NOI Build-Up for 2,350 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

$52.7K $22.44/SF

− Vacancy

−$2.5K −$1.08/SF

EGI

$50.2K $21.36/SF

− OpEx

−$15.1K −$6.41/SF

NOI

$35.1K $14.95/SF

Area

Burlington County, NJ

Vacancy

4.80%

Lease Rate

$22.44 /SF/Yr

Expense Ratio

30.00%

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%

$702,840

Cap Rate 7%

$502,029

Cap Rate 9%

$390,467

Alternative Uses

Best Use

Retail

$502.0K

$439.3K – $585.7K (±1% cap)

NOI $35,142 @ 7.0% cap · market cap 4.45%

Second Best

Specialty Retail

$432.8K

$378.7K – $505.0K (±1% cap)

NOI $30,297 @ 7.0% cap · market cap 3.84%

Theoretical Best

Warehouse

$4.91M

$4.30M – $5.73M (±1% cap)

NOI $344,049 @ 7.0% cap · market cap 43.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store HVAC Service Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Beneficial Bank Shops & Services

2,574 visits/mo 0.3 miles

Valero Energy Shops & Services

1,945 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Bank - Well-maintained commercial property on 2.8 acres with high visibility.

Where is this bank located?

The property is located at 1507 Route 206 Tabernacle, NJ.

What is the asking price?

The asking price for this property is $789,000.

What are key features of this property?

This property features: High visibility location on Route 206 with 15,000‑20,000 vehicles per day traffic count.; 2.8‑acre lot with substantial street‑level exposure.**; Expanded and well‑maintained commercial property.