Retail
New
For Sale
Contact for pricing
224 PENNYPACKER DRIVE, Willingboro, NJ 08046
Unit 5 offers a compact retail footprint within the Pennypacker Drive Town Center.
Property Size1,080 SF
Price / SF$1.94
Days on Market4
Property Features for 224 PENNYPACKER DRIVE
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
Vantage Real Estate Services
Listed By:
Leor Hemo · License #0681182
(856) 797-1919
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
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 Vantage Real Estate Services
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Investment Insights
Based on property information with market context.
Unit 5 is a retail space of approximately 1,080 square feet at 224 Pennypacker Drive in Willingboro. The property was built in 2000 and sits within the Pennypacker Drive Town Center, next to Pennypacker Village.
The center includes Starbucks, Dollar Tree, Pizza Hut and T2010 Mobile. New single-family and duplex homes are under construction in the surrounding area.
The center includes Starbucks, Dollar Tree, Pizza Hut and T2010 Mobile. New single-family and duplex homes are under construction in the surrounding area.
Key Highlights
- Unit 5 offers +/-1,080 SF of retail space
- Built in 2000
- Town Center neighbors include Starbucks, Dollar Tree, Pizza Hut and T2010 Mobile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,000
$323.0K
Cap Rate 7%
$230,714
$230.7K
Cap Rate 9%
$179,444
$179.4K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$24.2K $22.44/SF
− Vacancy
−$1.2K −$1.08/SF
EGI
$23.1K $21.36/SF
− OpEx
−$6.9K −$6.41/SF
NOI
$16.2K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,000
Cap Rate 7%
$230,714
Cap Rate 9%
$179,444
Alternative Uses
Best Use
Retail
$230.7K
$201.9K – $269.2K
NOI $16,150 @ 7.0% cap · market cap 769.05%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,116 @ 7.0% cap · market cap 7,529.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 38%
Apparel 17%
McDonald's
Dining
16,308 visits/mo
0.3 miles
Goodwill
Apparel
6,314 visits/mo
0.5 miles
Gulf Oil
Shops & Services
4,100 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,690 visits/mo
0.5 miles
SmartStop Self Storage
Shops & Services
2,531 visits/mo
0.4 miles
Demographics for 08046, NJ
31,846
Population
11,482
Households
2.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,190
Density / Sq Mi
$91,447
Median Household Income
$43,438
Median Earnings
$1,941
Median Rent
$240,000
Median Home Value
Check the figures for this property
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 - Unit 5 offers a compact retail footprint within the Pennypacker Drive Town Center.
Where is this retail space located?
The property is located at 224 PENNYPACKER DRIVE Willingboro, NJ.
What are key features of this property?
This property features: Unit 5 offers +/-1,080 SF of retail space; Built in 2000; Town Center neighbors include Starbucks, Dollar Tree, Pizza Hut and T2010 Mobile
