Freestanding Retail
For Sale
$1,699,000
221 Tilton Rd, Northfield, NJ 08225
COMMERCIAL - Northfield, NJ
Property Size8,800 SF
Lot Size0.70 Acres
Price / SF$193.07
Days on Market316
Property Features for 221 Tilton Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Office, Laundry Room
Parking features
Off Street
Security features
Security Lighting, Security System
Interior features
220 Volt Electricity, Fire Sprinkler System, Restroom, Security System, Smoke/Fire Alarm
Exterior features
Restrooms, Security Light/System, Sign
Lot features
Highway
Directions
TILTON RD
Subdivision
Northfield City
Standard status
Active
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
45043
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Gas (Cooling)
Water source
Public
Building Details
Flooring type
Linoleum
Roof type
Flat
Listing Agency:
BHHS FOX and ROACH-Northfield
(609) 646-1900
Listed By:
RICHARD BAEHRLE · License #8436462
(609) 226-6680
Added: Oct 10, 2025
Changed: Aug 4
Last Checked: Aug 21 at 12:06PM
MLS# 601326
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.
Freestanding retail property totaling 8,800 SF on a 0.7-acre lot, built in 1994. The building is currently set up for a thrift store and offers adaptable space for retail shops or service-oriented uses. Interior features include 220-volt electricity, a fire sprinkler system, security system, smoke/fire alarm, restroom facilities, and HVAC with forced-air natural gas heating and central air conditioning. The layout includes an office and laundry room, with flooring described as linoleum.
Located at 221 Tilton Rd on Tilton Road, the property is positioned for visibility with convenient access to regional routes including the Garden State Parkway and the Atlantic City Expressway. It is surrounded by businesses including Tilton Theatre, and the site includes off-street parking. Exterior features include restrooms, a security light/system, and a sign.
With public water and public sewer service and an existing commercial buildout, this property is suited for tenants seeking a freestanding location with on-site parking and the ability to tailor the space to their operation.
Located at 221 Tilton Rd on Tilton Road, the property is positioned for visibility with convenient access to regional routes including the Garden State Parkway and the Atlantic City Expressway. It is surrounded by businesses including Tilton Theatre, and the site includes off-street parking. Exterior features include restrooms, a security light/system, and a sign.
With public water and public sewer service and an existing commercial buildout, this property is suited for tenants seeking a freestanding location with on-site parking and the ability to tailor the space to their operation.
Key Highlights
- 8,800 SF freestanding retail building on a 0.7‑acre lot
- Built in 1994 and previously used for Verizon Wireless
- Positioned on Tilton Road for visibility and convenient access
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
$84,546
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
4.98%
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%
$1,690,920
$1.7M
Cap Rate 7%
$1,207,800
$1.2M
Cap Rate 9%
$939,400
$939.4K
Market Conditions
NOI Build-Up for 8,800 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
$132.0K $15.00/SF
− Vacancy
−$11.2K −$1.28/SF
EGI
$120.8K $13.73/SF
− OpEx
−$36.2K −$4.12/SF
NOI
$84.5K $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%
$1,690,920
Cap Rate 7%
$1,207,800
Cap Rate 9%
$939,400
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,546 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.28M
$2.87M – $3.82M
NOI $229,394 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Explore this area
Business Placement
Demographics for 08225, NJ
8,442
Population
3,447
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
6.1 sq mi
ZIP Area
1,384
Density / Sq Mi
$104,042
Median Household Income
$50,938
Median Earnings
$1,554
Median Rent
$275,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with off-street parking, fire sprinkler protection, security systems, and central air.
Where is this retail space located?
The property is located at 221 Tilton Rd Northfield, NJ.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 8,800 SF freestanding retail building on a 0.7‑acre lot; Built in 1994 and previously used for Verizon Wireless; Positioned on Tilton Road for visibility and convenient access
