Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    272 PITMAN DOWNER Road Sewell, NJ 08080

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $999,999

    Commercial Sale - SEWELL, NJ

    Type:Retail
    Property size:
    4,000 SF
    Lot size:
    0.56 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 29 at 11:06 pm

    Property Features for 272 PITMAN DOWNER Road

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    26
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14197

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    1

    We can help!

    Listing Contact
    Paul P Cheng

    Listing agent Paul P Cheng License #AB068536

    Listing office Keller Williams Realty 409 Marlton Pike, Cherry Hill, NJ

    Listing date Apr 28, 2026

    MLS# NJGL2072490

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Convenience Store Opportunity

    This is a turn-key convenience store located in a desirable area of South Jersey. The property includes a large parking lot with ample parking space. The retail space is approximately 4,000 square feet and is stocked with a variety of merchandise, including lottery tickets, cigarettes, cigars, soft drinks, and everyday household items. The mini market offers an extensive inventory. The property is situated on a 0.56-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    STAR MART Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sewell
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.08572
    Latitude
    39.71988

    Nearby Similar for Sale

    • $550,000

      Retail Building in High-Traffic Area

      5,000 sq ft building with high visibility and easy access.
      100 TUCKAHOE Road, SEWELL, NJ 08080
      View Details
    • $4,000

      Remodeled Retail Space Available Now

      Turnkey retail space in Sewell, NJ. Available immediately.
      201 EGG HARBOR ROAD, SEWELL, NJ 08080
      View Details
    • $775,000

      Freestanding Building Near Jefferson Hospital

      Turn-key building suitable for retail, medical, or professional office.
      308 HURFFVILLE CROSSKEYS Rd, SEWELL, NJ 08080
      View Details
    • $1,800,000
      6,200 SF

      Medical/Dental Office Building For Sale

      Upgraded medical/dental office building in Sewell, NJ for sale.
      340 Egg Harbor Road, Sewell, NJ 08080
      View Details
    • $895,000
      3,000 SF

      Retail Space on Hurffville Road

      Retail space with frontage on heavily traveled Hurffville Crosskeys Road.
      100 Hurffville Cross Keys Road, Sewell, NJ 08080
      View Details
    • $1,350,000

      Professional Building with Income Potential

      Eleven-unit professional building near Washington Twp High School.
      432 GANTTOWN ROAD 1-11, SEWELL, NJ 08080
      View Details
    • $4,000,000
      13,600 SF

      Medical Offices Near Jefferson Hospital

      Fully leased medical offices totaling 13,600 +/- SF for sale.
      100 Kings Way E B1-6 & D3-4, Sewell, NJ 08080
      View Details
    • $1,299,500
      2,557 SF

      Established Vineyard Farm with Residence

      27-acre Sewell, NJ farm with vineyard, residence, and subdivision potential.
      380 HERITAGE ROAD, SEWELL, NJ 08080
      View Details
    • Contact for pricing
      2,900 SF

      Medical Office Near Jefferson Hospital

      First-floor medical office space with basement storage and abundant light.
      102A & 102B Kings Way, Sewell, NJ 08080
      View Details
    • Contact for pricing
      7,496 SF

      Restaurant and Retail Space Available

      Restaurant and retail spaces with high visibility and accessibility.
      141 Tuckahoe Rd, Sewell, NJ 08080
      View Details
    • $4,810,000
      29,353 SF

      Retail Property on Fries Mill

      Retail property for sale with significant square footage.
      315 Fries Mill Rd, Sewell, NJ
      View Details
    • $1,240,000
      5,100 SF

      Mixed-Use Property on Egg Harbor Road

      Mixed-use property with frontage on Egg Harbor Road in Sewell.
      2 Talon Court, Sewell, NJ 08080
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Turn-key convenience store with ample parking in desirable South Jersey.
    Where is this grocery and convenience store located?
    The property is located at 272 PITMAN DOWNER Road Sewell, NJ.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: Turn‑key convenience store opportunity in a desirable South Jersey location.; Approximately 4,000 sq ft of retail space.; Extensive inventory comparable to a supermarket.
    (215) 327-1722
    We can help!
    Listing Contact
    Paul P Cheng
    Real Estate License ID: AB068536
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!