Retail Office Zoned
For Sale
Contact for pricing
219 S Burnt Mill Rd, Voorhees, NJ 08043
Well maintained landscaped property with private entrances and ample parking, zoned for office, retail, and business use.
Property Size15,070 SF
Price / SF$132.71
Days on Market187
Property Features for 219 S Burnt Mill Rd
General Information
Standard status
Active
Size
15,070 SF
Property subtype
RETAIL
Zoning
ORB
Lease Type
Modified Gross
Amenities
private entrances
Listing Agency:
NAI Mertz - Corporate
(856) 234-9600
Listed By:
Rebecca Ting · License #8534982
(609) 314-1435
Source:
Moodyscre
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 8:07PM
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 NAI Mertz - Corporate
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Investment Insights
Based on property information with market context.
This well maintained and landscaped retail property includes private entrances and ample parking for day-to-day customer and employee access. The site is zoned ORB, supporting office, retail, and business uses.
The current offering notes a lease rate structure of modified gross plus electric and cleaning. Taxes for 2023 are listed at $32,457.98.
The property is available for sale.
The current offering notes a lease rate structure of modified gross plus electric and cleaning. Taxes for 2023 are listed at $32,457.98.
The property is available for sale.
Key Highlights
- Zoned ORB for Office, Retail and Business use
- Well maintained landscaped property with private entrances
- Ample parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,101
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,020
$2.9M
Cap Rate 7%
$2,072,871
$2.1M
Cap Rate 9%
$1,612,233
$1.6M
Market Conditions
NOI Build-Up for 15,070 SF
Gross rent
$226.1K $15.00/SF
− Vacancy
−$18.8K −$1.25/SF
EGI
$207.3K $13.76/SF
− OpEx
−$62.2K −$4.13/SF
NOI
$145.1K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,020
Cap Rate 7%
$2,072,871
Cap Rate 9%
$1,612,233
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,101 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.34M – $4.46M
NOI $267,475 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Well maintained landscaped property with private entrances and ample parking, zoned for office, retail, and business use.
Where is this retail space located?
The property is located at 219 S Burnt Mill Rd Voorhees, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Zoned ORB for Office, Retail and Business use; Well maintained landscaped property with private entrances; Ample parking on site
