Professional Office Condo
For Sale
$500,000
Pending
2 EASTWICK DRIVE Unit 202, Gibbsboro, NJ 08026
One-story, handicap-accessible office condo that can be used as one suite or divided into two.
Property Size3,150 SF
Days on Market151
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Property Features for 2 EASTWICK DRIVE Unit 202
General Information
Standard status
Pending
Size
3,150 SF
Property subtype
Office
Amenities
handicap accessible
solar panels
Building Details
Building Size
3,150 SF
Year Built
2004
Stories
1
Construction
brick
Tenancy
Single
Listing Agency:
Keller Williams Realty - Marlton
Listed By:
Gloria O Donnon · License #7938998
(856) 266-8500
Source:
Patmckennarealtors
Added: May 18
Changed: Oct 15
Last Checked: Oct 15 at 7:36AM
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 Keller Williams Realty - Marlton
Investment Insights
Based on property information with market context.
This 3,150-square-foot professional office condo is offered in a one-story, handicap-accessible layout. It is configured for a single occupant but can be divided into two suites, supporting flexible office configurations. The exterior is brick and the complex is described as well maintained. Solar panels are included, adding value to the property.
The unit is located within a maintained office condo complex at 2 Eastwick Dr, Unit 202, in Gibbsboro, NJ 08026.
The layout is intended for practical professional use, with suitability noted for engineering, medical, legal, accounting, counseling, or general professional services. The property can be occupied as a whole suite or split to accommodate separate tenants or functions.
The unit is located within a maintained office condo complex at 2 Eastwick Dr, Unit 202, in Gibbsboro, NJ 08026.
The layout is intended for practical professional use, with suitability noted for engineering, medical, legal, accounting, counseling, or general professional services. The property can be occupied as a whole suite or split to accommodate separate tenants or functions.
Key Highlights
- One‑story, handicap‑accessible professional office condo (3,200 SF)
- Configured for a single occupant but capable of division into two suites
- Built in 2004 with brick exterior and a well‑maintained complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,904
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
273
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - One-story, handicap-accessible office condo that can be used as one suite or divided into two.
Where is this office units located?
The property is located at 2 EASTWICK DRIVE Unit 202 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: One‑story, handicap‑accessible professional office condo (3,200 SF); Configured for a single occupant but capable of division into two suites; Built in 2004 with brick exterior and a well‑maintained complex
