Commercial Property on Burlington
For Sale
$289,000
2801 Burlington Ave, Delanco, NJ 08075
C-1 Zoned corner property with two mixed-use buildings.
Property Size1,800 SF
Price / SF$160.56
Days on Market154
Property Features for 2801 Burlington Ave
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,416
Amenities
Corner
Corner Lot/Unit
Irregular
Road Frontage
Building Details
Year Built
1935
Listing Agency:
WEICHERT REALTORS - MOORESTOWN
(856) 235-1950
Listed By:
SUSAN NECE · License #1325587
Source:
Corcoran
Added: Mar 31
Changed: Aug 25
Last Checked: Aug 30 at 5:58PM
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 WEICHERT REALTORS - MOORESTOWN
Investment Insights
Based on property information with market context.
This commercial property is located on Burlington Avenue and features C-1 zoning. The property includes two mixed-use buildings. The front building has 1200 square feet and includes a full workshop and separate office area. It features a half bath, public water, compressed air, 230V and 115V outlets, forced gas heat, central air, a power garage door, and finished insulated walls and ceilings. Attached to the front building is a compressor/utility room containing a 5hp vertical and a 10hp horizontal industrial compressor. The rear building has 600 square feet and includes compressed air, 230V and 115V outlets, forced gas heat, central air, insulated walls and ceilings, along with a 10,000-pound auto lift. The property has a newer roof, doors, windows, and HVAC. The fenced-in yard can house up to 8 vehicles. The property is close to major roadways including Rt. 130, Rt. 295, and the downtown area.
Key Highlights
- C‑1 Zoned Corner Property on Bustling Burlington Ave
- Two Separate Mixed‑Use Buildings (1200sf and 600sf)
- Equipped with Compressed Air, 230V/115V Outlets, Forced Gas Heat, and Central Air in Both Buildings
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
$23,250
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
8.04%
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%
$465,000
$465.0K
Cap Rate 7%
$332,143
$332.1K
Cap Rate 9%
$258,333
$258.3K
Market Conditions
NOI Build-Up for 1,800 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
$38.9K $21.60/SF
− Vacancy
−$3.1K −$1.73/SF
EGI
$35.8K $19.87/SF
− OpEx
−$12.5K −$6.96/SF
NOI
$23.3K $12.92/SF
Area
Burlington County, NJ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$465,000
Cap Rate 7%
$332,143
Cap Rate 9%
$258,333
Alternative Uses
Best Use
Industrial
$3.10M
$2.71M – $3.62M
NOI $217,022 @ 7.0% cap · market cap 75.09%
Second Best
Retail
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 9.31%
Theoretical Best
Warehouse
$3.76M
$3.29M – $4.39M
NOI $263,527 @ 7.0% cap · market cap 91.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - C-1 Zoned corner property with two mixed-use buildings.
Where is this auto shop located?
The property is located at 2801 Burlington Ave Delanco, NJ.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: C‑1 Zoned Corner Property on Bustling Burlington Ave; Two Separate Mixed‑Use Buildings (1200sf and 600sf); Equipped with Compressed Air, 230V/115V Outlets, Forced Gas Heat, and Central Air in Both Buildings
