Two-Level Office
For Sale
$285,000
20 W Browning Rd, Bellmawr, NJ 08031
Configured with reception, kitchen, meeting, and private office areas across two levels.
Property Size1,600 SF
Price / SF$178.13
Days on Market55
Property Features for 20 W Browning Rd
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Furnished
Yes
Amenities
full bathroom
powder room
kitchen
conference room
reception area
partial basement
Building Details
Year Built
1893
Listing Agency:
Thomas J Heverly Realty
Listed By:
Thomas J. Heverly · License #341599
(856) 931-0088
Source:
Kandorre
Added: Aug 20
Changed: Oct 10
Last Checked: Oct 7 at 5:17PM
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 Thomas J Heverly Realty
Investment Insights
Based on property information with market context.
This 1,600 SF office building dates to 1893 and is arranged across two levels. The first floor includes a reception area, kitchen, conference room, powder room, and flexible workspace. Four private offices and a full bathroom are located upstairs, while a partial basement provides storage. The property also includes six desks, multiple chairs, and a conference table, supporting continued office use without requiring a fully vacant setup.
The building served as a real estate office for 36 years and is located at 20 W Browning Rd in Bellmawr, New Jersey. Its combination of client-facing areas, private rooms, meeting space, and storage creates a practical configuration for an office user or owner-occupant.
The building served as a real estate office for 36 years and is located at 20 W Browning Rd in Bellmawr, New Jersey. Its combination of client-facing areas, private rooms, meeting space, and storage creates a practical configuration for an office user or owner-occupant.
Key Highlights
- 1,600 SF office building constructed in 1893
- Four second‑floor offices with a full bathroom
- First‑floor reception area, kitchen, conference room, and powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,452
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,040
$449.0K
Cap Rate 7%
$320,743
$320.7K
Cap Rate 9%
$249,467
$249.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$35.1K $21.96/SF
− Vacancy
−$5.2K −$3.25/SF
EGI
$29.9K $18.71/SF
− OpEx
−$7.5K −$4.68/SF
NOI
$22.5K $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%
$449,040
Cap Rate 7%
$320,743
Cap Rate 9%
$249,467
Alternative Uses
Best Use
Office B
$320.7K
$280.7K – $374.2K
NOI $22,452 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 08031, NJ
11,707
Population
5,118
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
3,902
Density / Sq Mi
$74,812
Median Household Income
$46,043
Median Earnings
$1,141
Median Rent
$216,500
Median Home Value
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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 building - Configured with reception, kitchen, meeting, and private office areas across two levels.
Where is this office building located?
The property is located at 20 W Browning Rd Bellmawr, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,600 SF office building constructed in 1893; Four second‑floor offices with a full bathroom; First‑floor reception area, kitchen, conference room, and powder room
