Renovated Office
For Sale
$264,900
2809 River Avenue, Camden, NJ 08105
Flexible commercial layout with private offices, conference space, garage access, and on-site parking.
Property Size1,300 SF
Price / SF$203.77
Days on Market221
Property Features for 2809 River Avenue
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,461
Amenities
Central Air
3
Laminate
Intercom System
Built Up
C-3
Parking.
Private, Secured, Lot.
City
Level
60.00 x 0.00
Other, Level.
Building Details
Year Built
1960
Listing Agency:
KW Empower
(215) 432-0001
Listed By:
Darryl Miller · License #AB044338A
(215) 432-0001
Source:
Xome
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 4:53PM
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 KW Empower
Investment Insights
Based on property information with market context.
This 1,300-square-foot commercial property offers a renovated interior arranged with a reception area, three private offices, a conference room, kitchen, and storage. Central air, laminate flooring, an intercom system, and an on-site garage support day-to-day office or service operations. The property was built in 1960 and has received extensive improvements within the past two years, including a new roof, upgraded electrical and plumbing systems, a newly paved parking lot, a glass entry door, and an audio/video security system.
The C-3 designation and adaptable layout support the office and retail-oriented uses identified for the property, including medical or healthcare services, professional offices, specialty retail, salon use, daycare, and café or coffee shop operations. Four on-site parking spaces are provided, with the property positioned in Camden near transportation routes, public transit, shopping centers, schools, and a high-density residential area.
The C-3 designation and adaptable layout support the office and retail-oriented uses identified for the property, including medical or healthcare services, professional offices, specialty retail, salon use, daycare, and café or coffee shop operations. Four on-site parking spaces are provided, with the property positioned in Camden near transportation routes, public transit, shopping centers, schools, and a high-density residential area.
Key Highlights
- 1,300 SF commercial building with reception area, three private offices, conference room, kitchen, and storage
- Extensive capital improvements completed within the past two years
- New roof plus upgraded electrical and plumbing systems
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
$18,242
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
6.89%
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%
$364,840
$364.8K
Cap Rate 7%
$260,600
$260.6K
Cap Rate 9%
$202,689
$202.7K
Market Conditions
NOI Build-Up for 1,300 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
$28.5K $21.96/SF
− Vacancy
−$4.2K −$3.25/SF
EGI
$24.3K $18.71/SF
− OpEx
−$6.1K −$4.68/SF
NOI
$18.2K $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 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%
$364,840
Cap Rate 7%
$260,600
Cap Rate 9%
$202,689
Alternative Uses
Best Use
Office B
$260.6K
$228.0K – $304.0K
NOI $18,242 @ 7.0% cap · market cap 6.89%
Second Best
Retail
$178.8K
$156.5K – $208.6K
NOI $12,517 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$329.6K
$288.4K – $384.6K
NOI $23,074 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 08105, NJ
26,572
Population
8,681
Households
3.1
Avg Household Size
31
Median Age
8%
College-Educated
63%
High-School Grad
2.6 sq mi
ZIP Area
10,220
Density / Sq Mi
$48,319
Median Household Income
$31,173
Median Earnings
$1,215
Median Rent
$113,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial layout with private offices, conference space, garage access, and on-site parking.
Where is this office units located?
The property is located at 2809 River Avenue Camden, NJ.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1,300 SF commercial building with reception area, three private offices, conference room, kitchen, and storage; Extensive capital improvements completed within the past two years; New roof plus upgraded electrical and plumbing systems
