Building Details

Year Built 1920

Listing Agency: RE/MAX ONE Realty-Moorestown

Listed By: Erica Lacey · License #0673080 Show Phone

Source: Kableteam

Added: Jul 1 Changed: Sep 11 Last Checked: Sep 12 at 12:27PM

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Investment Insights

Based on property information with market context.

This storefront retail/commercial building is offered for sale in AS IS condition. The buyer is responsible for all township inspections, certifications, and any required approvals related to the planned use and build-out. A hold harmless document must be signed prior to confirming showings.

The sale includes three lots that must be sold together: Block 1103, Lot 14; Block 1106, Lot 1; and Block 1106, Lot 21. Due diligence is the responsibility of the buyer to ensure the intended use and any development plans are approved.

Key Highlights

• Sold in AS IS condition; buyer responsible for township inspections, certifications, and related requirements
• Sale includes 3 lots that must be sold together: Block 1103, Lot 14; Block 1106, Lot 1; Block 1106, Lot 21
• Buyer due diligence required to confirm planned use and any build‑out approvals

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

$27,672

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

7.38%

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%

$553,440 $553.4K

Cap Rate 7%

$395,314 $395.3K

Cap Rate 9%

$307,467 $307.5K

Market Conditions

NOI Build-Up for 2,874 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

$43.1K $15.00/SF

− Vacancy

−$3.6K −$1.25/SF

EGI

$39.5K $13.76/SF

− OpEx

−$11.9K −$4.13/SF

NOI

$27.7K $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 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%

$553,440

Cap Rate 7%

$395,314

Cap Rate 9%

$307,467

Alternative Uses

Best Use

Retail

$395.3K

$345.9K – $461.2K (±1% cap)

NOI $27,672 @ 7.0% cap · market cap 7.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$728.7K

$637.6K – $850.2K (±1% cap)

NOI $51,010 @ 7.0% cap · market cap 13.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

324

Businesses Nearby

81k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Home Improvements & Furnishings 32% Shops & Services 15%

McDonald's Dining

31,083 visits/mo 0.1 miles

Lowe's Home Improvements & Furnishings

26,075 visits/mo 0.3 miles

Popeyes Louisiana Kitchen Dining

10,456 visits/mo 0.4 miles

Dollar General Shops & Services

6,027 visits/mo 0.2 miles

Hallmark Shops & Services

1,927 visits/mo 0.5 miles

Demographics for 08045, NJ

2,930

Population

1,288

Households

2.3

Avg Household Size

43

Median Age

22%

College-Educated

92%

High-School Grad

1.4 sq mi

ZIP Area

2,093

Density / Sq Mi

$70,338

Median Household Income

$49,022

Median Earnings

$1,034

Median Rent

$215,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - For sale in AS IS condition, the property includes three lots and is sold together.

Where is this storefront property located?

The property is located at 219 Warwick Rd Lawnside, NJ.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Sold in AS IS condition; buyer responsible for township inspections, certifications, and related requirements; Sale includes 3 lots that must be sold together: Block 1103, Lot 14; Block 1106, Lot 1; Block 1106, Lot 21; Buyer due diligence required to confirm planned use and any build‑out approvals