Mixed-Use Building with Grocery
231 E Broad St, Burlington, NJ 08016
For Sale
New
$325,000
A three-bedroom residence spans the upper two floors, with a deli or small grocery storefront on the ground level.
Property Size1,716 SF
Price / SF$189.39
Days on Market7
Property Features for 231 E Broad St
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Average Monthly Rent
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
RE/MAX World Class Realty
Listed By:
Brad T Sasaki · License #229041
(609) 937-2261
Source:
Viewmarylandhomesforsale
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:14PM
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 RE/MAX World Class Realty
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Investment Insights
Based on property information with market context.
This mixed-use building at 231 E Broad St has a deli or small grocery space on the first floor and a three-bedroom, one-bathroom apartment across the second and third floors. The ground-floor space is described as ready for occupancy. Separate gas and electric service, along with distinct heating and hot-water systems, serve the residential unit independently.
The property is near local shops, restaurants, public transportation, and major commuting routes. Built in 1900, it combines ground-floor commercial space with an upper-level residence.
The property is near local shops, restaurants, public transportation, and major commuting routes. Built in 1900, it combines ground-floor commercial space with an upper-level residence.
Key Highlights
- Three‑bedroom, one‑bathroom apartment on the second and third floors
- First‑floor deli or small grocery space ready for occupancy
- Separate gas and electric utilities for the residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,661
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,220
$513.2K
Cap Rate 7%
$366,586
$366.6K
Cap Rate 9%
$285,122
$285.1K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$38.5K $22.44/SF
− Vacancy
−$1.8K −$1.08/SF
EGI
$36.7K $21.36/SF
− OpEx
−$11.0K −$6.41/SF
NOI
$25.7K $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%
$513,220
Cap Rate 7%
$366,586
Cap Rate 9%
$285,122
Alternative Uses
Best Use
Retail
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 7.90%
Second Best
Specialty Retail
$316.1K
$276.6K – $368.7K
NOI $22,124 @ 7.0% cap · market cap 6.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
Dunkin' Donuts
Dining
10,381 visits/mo
0.4 miles
Phillips 66
Shops & Services
8,682 visits/mo
0.3 miles
Sunoco
Shops & Services
7,670 visits/mo
0.2 miles
PrimoHoagies
Dining
1,578 visits/mo
0.4 miles
Exxon
Shops & Services
401 visits/mo
0.4 miles
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Burlington County, NJ
Properties on Market for Mixed-use properties in Burlington County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom residence spans the upper two floors, with a deli or small grocery storefront on the ground level.
Where is this mixed-use property located?
The property is located at 231 E Broad St Burlington, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑bedroom, one‑bathroom apartment on the second and third floors; First‑floor deli or small grocery space ready for occupancy; Separate gas and electric utilities for the residential unit
