Freestanding Office
New
For Sale
$375,000
1543 GATEWAY Boulevard, West Deptford, NJ 08096
Commercial Sale, WEST DEPTFORD, NJ
Property Size2,000 SF
Lot Size0.15 Acres
Price / SF$187.50
Days on Market1
Property Features for 1543 GATEWAY Boulevard
General Information
Property type
Other
Property subtype
Office
Parking
6
Parking features
Parking Lot, Driveway
Elementary school district
WEST DEPTFORD TOWNSHIP PUBLIC SCHOOLS
Middle school district
WEST DEPTFORD TOWNSHIP PUBLIC SCHOOLS
High school district
WEST DEPTFORD TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
8805
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
reception area
utility room/kitchen
Building Details
Year built
1970
Building materials
Metal Siding
Listing Agency:
Warner Real Estate & Auction Company
(856) 769-4111
Listed By:
Richard G Warner · License #120281
(856) 769-4111
Added: Aug 21
Last Checked: Aug 21 at 3:06PM
MLS# NJGL2077026
Copyright © 2026 Bright 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 freestanding office property contains 2000 +/- SF within a standalone building constructed in 1970. The interior includes a reception area, office, utility room with kitchen, one full restroom, and one partial restroom. Two separate entrances provide flexibility for dividing the space, while metal siding, forced-air heat, and central air serve the building. A long-standing tenant currently occupies the property.
The site encompasses 0.147 acres at 1543 GATEWAY Boulevard in West Deptford, New Jersey, with access to I-295. Parking includes six spaces, including one designated for disabled parking, along with additional parking behind the building. Property improvements include a roof, vinyl siding, and windows installed in 2013; HVAC/heater replacement in 2022; and a parking lot paved in 2026. The property is located in the (C) - Commercial zoning district.
The site encompasses 0.147 acres at 1543 GATEWAY Boulevard in West Deptford, New Jersey, with access to I-295. Parking includes six spaces, including one designated for disabled parking, along with additional parking behind the building. Property improvements include a roof, vinyl siding, and windows installed in 2013; HVAC/heater replacement in 2022; and a parking lot paved in 2026. The property is located in the (C) - Commercial zoning district.
Key Highlights
- 2000 +/- SF standalone office building constructed in 1970
- 0.147‑acre site at 1543 GATEWAY Boulevard in West Deptford, NJ 08096
- Six (6) parking spaces, including one for disabled parking, plus parking behind the building
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
$31,541
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
8.41%
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%
$630,820
$630.8K
Cap Rate 7%
$450,586
$450.6K
Cap Rate 9%
$350,456
$350.5K
Market Conditions
NOI Build-Up for 2,000 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
$51.6K $25.80/SF
− Vacancy
−$9.5K −$4.77/SF
EGI
$42.1K $21.03/SF
− OpEx
−$10.5K −$5.26/SF
NOI
$31.5K $15.77/SF
Area
Gloucester County, NJ
Vacancy
18.50%
Lease Rate
$25.80 /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%
$630,820
Cap Rate 7%
$450,586
Cap Rate 9%
$350,456
Alternative Uses
Best Use
Office B
$450.6K
$394.3K – $525.7K
NOI $31,541 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$672.3K
$588.3K – $784.3K
NOI $47,060 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Standalone commercial office with flexible entry configuration, on-site parking, and C zoning near I-295.
Where is this office building located?
The property is located at 1543 GATEWAY Boulevard West Deptford, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2000 +/- SF standalone office building constructed in 1970; 0.147‑acre site at 1543 GATEWAY Boulevard in West Deptford, NJ 08096; Six (6) parking spaces, including one for disabled parking, plus parking behind the building
