Professional Office Condo with
202-2 Eastwick Dr Gibbsboro, NJ 08026
202-2 Eastwick Dr, Gibbsboro, NJ, 08026
$500,000
For Sale
$500,000
One-story office condo is handicap accessible and configured for one occupant or two suites.
Property Size3,200 SF
Price / SF$156.25
Days on Market66
Property Features for 202-2 Eastwick Dr
General Information
- Standard status
- Active
- Size
- 3,200 SF
Listing agency
Keller Williams Realty - Marlton
(856) 266-8500
Listed by
Gloria O Donnon · License #7938998
(856) 266-8500
Source
Exprealty
Added: May 18 Updated: Jul 21 at 2:19AM Checked: Jul 21 at 9:40PM
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 3,200-square-foot professional office condo is laid out for a single occupant, with the flexibility to be divided into two separate suites. The one-story layout is handicap accessible and offers practical utility for engineering, medical, legal, accounting, counseling, or other general professional uses. The building features a brick exterior and is described as being well maintained, with solar panels adding to the property’s value.
The office condo is located within a well maintained complex, providing a streamlined professional setting for an owner-occupant or a tenant seeking suite flexibility. Buyers can acquire the full suite or split the layout depending on their space needs.
Configured as a functional professional asset with accessible improvements and solar panels, the property is suited to a range of office and medical-adjacent professional applications.
The office condo is located within a well maintained complex, providing a streamlined professional setting for an owner-occupant or a tenant seeking suite flexibility. Buyers can acquire the full suite or split the layout depending on their space needs.
Configured as a functional professional asset with accessible improvements and solar panels, the property is suited to a range of office and medical-adjacent professional applications.
Key Highlights
- 3200 sq. ft. one‑story professional office condo in a well‑maintained complex
- Configured for a single occupant, with capability to divide into two suites
- Handicap accessible one‑story layout
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.3k | $21.96 |
| − Vacancy | −$10.4k | −$3.25 |
| EGI | $59.9k | $18.71 |
| − OpEx | −$15.0k | −$4.68 |
| NOI | $44.9k | $14.03 |
3,200 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$641.5K
$561.3K – $748.4K
NOI $44,904 @ 7.0% cap · market cap 8.98%
Second Best
Healthcare Medical
$560.9K
$490.8K – $654.3K
NOI $39,260 @ 7.0% cap · market cap 7.85%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - One-story office condo is handicap accessible and configured for one occupant or two suites.
Where is this office units located?
The property is located at 202-2 Eastwick Dr 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: 3200 sq. ft. one‑story professional office condo in a well‑maintained complex; Configured for a single occupant, with capability to divide into two suites; Handicap accessible one‑story layout
