Single-Story Office
For Sale
$500,000
2 EASTWICK Drive, Gibbsboro, NJ 08026
Commercial Sale, GIBBSBORO, NJ
Property Size3,200 SF
Lot Size2.57 Acres
Price / SF$156.25
Days on Market116
Property Features for 2 EASTWICK Drive
General Information
Property type
Other
Property subtype
Office
Parking
25
Parking features
Driveway, Special Needs
Elementary school district
GIBBSBORO PUBLIC SCHOOLS
Middle school district
GIBBSBORO PUBLIC SCHOOLS
High school district
GIBBSBORO PUBLIC SCHOOLS
Standard status
Active
Lot size
2.57 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Heating system
Other (Heating), Forced Air, Solar (Heating)
Cooling system
Central Air
Amenities
solar panels
Building Details
Year built
2004
Number of units
2
Building materials
Advanced Framing, Frame, Galvanized Plumbing, Stick Built, Brick Front, Copper Plumbing, Vinyl Siding
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
Gloria O Donnon · License #7938998
(856) 266-8500
Added: May 18
Changed: Sep 1
Last Checked: Sep 10 at 9:06AM
MLS# NJCD2117938
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 3,200-square-foot office condominium was built in 2004 and arranged for a single occupant, with the option to divide the interior into two suites. The one-story layout is handicap accessible and includes central air, forced-air heating, and solar panels. A brick-front exterior and vinyl siding complement the building’s frame construction.
The property includes driveway parking with special-needs accommodation and is situated on a 2.57-acre site. Its configuration supports professional office use, while the potential for two suites provides flexibility for an owner-occupant or separate occupants without changing the existing one-story format.
The property includes driveway parking with special-needs accommodation and is situated on a 2.57-acre site. Its configuration supports professional office use, while the potential for two suites provides flexibility for an owner-occupant or separate occupants without changing the existing one-story format.
Key Highlights
- 3,200‑square‑foot professional office condominium
- Interior configured for one occupant with potential division into two suites
- One‑story handicap accessible layout
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
$44,904
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
8.98%
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%
$898,080
$898.1K
Cap Rate 7%
$641,486
$641.5K
Cap Rate 9%
$498,933
$498.9K
Market Conditions
NOI Build-Up for 3,200 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
$70.3K $21.96/SF
− Vacancy
−$10.4K −$3.25/SF
EGI
$59.9K $18.71/SF
− OpEx
−$15.0K −$4.68/SF
NOI
$44.9K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /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%
$898,080
Cap Rate 7%
$641,486
Cap Rate 9%
$498,933
Alternative Uses
Best Use
Office B
$641.5K
$561.3K – $748.4K
NOI $44,904 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.4K
$710.0K – $946.6K
NOI $56,796 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 08026, NJ
2,189
Population
855
Households
2.6
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
995
Density / Sq Mi
$99,881
Median Household Income
$56,618
Median Earnings
$278,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Accessible professional workspace with flexible occupancy and solar panels at a maintained office complex.
Where is this office units located?
The property is located at 2 EASTWICK Drive Gibbsboro, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,200‑square‑foot professional office condominium; Interior configured for one occupant with potential division into two suites; One‑story handicap accessible layout
