Commercial Showroom
For Sale
$6,900,000
219 E White Horse Pike, Galloway Township, NJ 08205
COMMERCIAL/INDUSTRIAL, Galloway Township, NJ
Property Size43,000 SF
Lot Size2.58 Acres
Price / SF$160.47
Days on Market191
Property Features for 219 E White Horse Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Rooms
Office, Basement, Laundry Room
Interior features
440 Volt Electricity, Three Phase Electric
Exterior features
Loading Dock, Truck Door
Lot features
Business District, Corner
Directions
WHITE HORSE PIKE TO 219 E WHITE HORSE PIKE - RIGHT BEFORE THE GSP.
Subdivision
Galloway Twp
Standard status
Active
Lot size
2.58 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
89835
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
freight elevator
passenger elevator
loading doors
showroom areas
office space
balconies
patios
covered service areas
solar energy system
Building Details
Flooring type
Linoleum, Concrete, Carpet - Partial
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE
(609) 266-7676
Listed By:
Lorraine Speciale · License #2187416
(610) 310-9595
Added: Mar 20
Changed: Sep 14
Last Checked: Sep 26 at 9:06PM
MLS# 605850
Copyright © 2026 South Jersey Shore Regional 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 showroom property comprises three connected buildings constructed between 1991 and 2008, with more than 43,000 SF of interior space on 2.58 acres. The layout includes broad showroom areas, offices, service and operational areas, two elevators, four loading doors, and 78 parking spaces. Exterior improvements add approximately 4,844 SF through balconies, patios, and covered service areas. The property also has 440 Volt and three-phase electrical service, central air, forced-air natural gas heating, public water, and public sewer. A 396-panel solar installation serves the site.
The property fronts the White Horse Pike, also identified as US Route 30, with approximately 430 feet of frontage and traffic counts exceeding 26,000 vehicles per day. It is near Stockton University, Atlantic City International Airport, the Garden State Parkway, and the Atlantic City tourism corridor. Commercial Highway (CH) zoning supports a range of commercial, retail, service, and recreation uses.
The property fronts the White Horse Pike, also identified as US Route 30, with approximately 430 feet of frontage and traffic counts exceeding 26,000 vehicles per day. It is near Stockton University, Atlantic City International Airport, the Garden State Parkway, and the Atlantic City tourism corridor. Commercial Highway (CH) zoning supports a range of commercial, retail, service, and recreation uses.
Key Highlights
- More than 43,000+ SF across three interconnected showroom buildings
- 2.58‑acre site with approximately 430 feet along White Horse Pike (US Route 30)
- Traffic counts exceed 26,000 vehicles per day
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
$413,123
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
5.99%
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%
$8,262,460
$8.3M
Cap Rate 7%
$5,901,757
$5.9M
Cap Rate 9%
$4,590,256
$4.6M
Market Conditions
NOI Build-Up for 43,000 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
$645.0K $15.00/SF
− Vacancy
−$54.8K −$1.28/SF
EGI
$590.2K $13.73/SF
− OpEx
−$177.1K −$4.12/SF
NOI
$413.1K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$8,262,460
Cap Rate 7%
$5,901,757
Cap Rate 9%
$4,590,256
Alternative Uses
Best Use
Retail
$5.90M
$5.16M – $6.89M
NOI $413,123 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$16.01M
$14.01M – $18.68M
NOI $1,120,904 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
PrimoHoagies
Dining
1,198 visits/mo
0.5 miles
Demographics for 08205, NJ
28,666
Population
11,660
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
681
Density / Sq Mi
$88,636
Median Household Income
$45,611
Median Earnings
$1,527
Median Rent
$263,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Interconnected showroom buildings offer retail, service, office, loading, and operational space within a Commercial Highway zoning district.
Where is this showroom located?
The property is located at 219 E White Horse Pike Galloway Township, NJ.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: More than 43,000+ SF across three interconnected showroom buildings; 2.58‑acre site with approximately 430 feet along White Horse Pike (US Route 30); Traffic counts exceed 26,000 vehicles per day
