Corner Flex Property with
25 W EVESHAM ROAD, Runnemede, NJ 08078
For Sale
New
$389,000
The multi-level building combines professional rooms with a separately serviced rear work area and entrances from two streets.
Property Size2,458 SF
Price / SF$158.26
Days on Market5
Property Features for 25 W EVESHAM ROAD
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Asking Price
Power
Property Use
Amenities
freestanding signs
security system
monitored fire alarm
mini-splits
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Better Homes and Gardens Real Estate Realty Connect
(856) 316-0777
Listed By:
Christopher J Teti · License NJ #1753157
(856) 498-5537
Source:
Cummingsrealtors
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 12 at 2:42PM
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 Better Homes and Gardens Real Estate Realty Connect
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Investment Insights
Based on property information with market context.
This 2,458 SF commercial property was built in 1938 and now accommodates professional use. Its first floor has a reception area, private rooms, a workshop and a half bath; the upper level adds three rooms, a kitchenette and a full bath with shower. A rear work area has a separate entrance, 150-amp electric service, utility-sink plumbing, exhaust fan and mini-split. The basement is accessible outdoors and by a wider interior staircase, and retains heavy-duty outlets. Building systems include gas heat, 200-amp service to the main structure, additional mini-splits, security cameras and a monitored fire alarm.
At the corner of Evesham Road and Oakland Avenue in Runnemede, the property has two driveways, on-site parking and two freestanding signs. Nearby routes include the New Jersey Turnpike, Route 42, I-295 and the Black Horse Pike. The site is zoned C (Commercial), lies in FEMA Zone X, and its current use is permitted by right. The sale includes the real estate only; the business is excluded.
At the corner of Evesham Road and Oakland Avenue in Runnemede, the property has two driveways, on-site parking and two freestanding signs. Nearby routes include the New Jersey Turnpike, Route 42, I-295 and the Black Horse Pike. The site is zoned C (Commercial), lies in FEMA Zone X, and its current use is permitted by right. The sale includes the real estate only; the business is excluded.
Key Highlights
- 2,458 SF commercial building, constructed in 1938
- Rear work area has a separate entrance and 150‑amp electric service
- Main building has 200‑amp electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,492
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,840
$689.8K
Cap Rate 7%
$492,743
$492.7K
Cap Rate 9%
$383,244
$383.2K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$54.0K $21.96/SF
− Vacancy
−$8.0K −$3.25/SF
EGI
$46.0K $18.71/SF
− OpEx
−$11.5K −$4.68/SF
NOI
$34.5K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,840
Cap Rate 7%
$492,743
Cap Rate 9%
$383,244
Alternative Uses
Best Use
Office B
$492.7K
$431.2K – $574.9K
NOI $34,492 @ 7.0% cap · market cap 8.87%
Second Best
Industrial
$342.2K
$299.4K – $399.2K
NOI $23,951 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$623.2K
$545.3K – $727.1K
NOI $43,627 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08078, NJ
8,074
Population
3,338
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
4,249
Density / Sq Mi
$97,857
Median Household Income
$47,516
Median Earnings
$1,375
Median Rent
$215,400
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Camden County, NJ
Properties on Market for Flex space in Camden County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The multi-level building combines professional rooms with a separately serviced rear work area and entrances from two streets.
Where is this flex space located?
The property is located at 25 W EVESHAM ROAD Runnemede, NJ.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,458 SF commercial building, constructed in 1938; Rear work area has a separate entrance and 150‑amp electric service; Main building has 200‑amp electrical service
