Building Details

Year Built 1892

Listing Agency: Keller Williams Realty Monmouth/Ocean f***@kw.com Show Phone

Listed By: Henny Goldberger · License #2079098 Show Phone

Source: Cummingsrealtors

Added: Oct 26 Changed: Oct 29 Last Checked: Oct 28 at 4:21PM

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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 Keller Williams Realty Monmouth/Ocean

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Investment Insights

Based on property information with market context.

This first-floor office unit offers approximately 1,100 square feet of workspace, with a kitchenette and a full bathroom that includes a shower. The building dates to 1892.

Key Highlights

• Approximately 1,100 square feet of office space
• First‑floor unit
• Kitchenette and full bathroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,868

Suggested Prices Based on Cap Rates

Cap Rate 5%

$197,360 $197.4K

Cap Rate 7%

$140,971 $141.0K

Cap Rate 9%

$109,644 $109.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$14.8K $13.44/SF

− Vacancy

−$1.6K −$1.48/SF

EGI

$13.2K $11.96/SF

− OpEx

−$3.3K −$2.99/SF

NOI

$9.9K $8.97/SF

Area

Burlington County, NJ

Vacancy

11.00%

Lease Rate

$13.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$197,360

Cap Rate 7%

$140,971

Cap Rate 9%

$109,644

Alternative Uses

Best Use

Office B

$141.0K

$123.4K – $164.5K (±1% cap)

NOI $9,868 @ 7.0% cap · market cap 897.09%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $161,044 @ 7.0% cap · market cap 14,640.36%

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

Office Units

Suggested Use

Top Pick Law Firm Skin Care Clinic Spa & Massage Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

70

Businesses Nearby

Explore this area Business Placement

Demographics for 08010, NJ

11,555

Population

4,995

Households

2.3

Avg Household Size

41

Median Age

30%

College-Educated

95%

High-School Grad

3.6 sq mi

ZIP Area

3,210

Density / Sq Mi

$85,285

Median Household Income

$48,077

Median Earnings

$1,472

Median Rent

$227,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - First-floor workspace includes a kitchenette and a full bathroom with a shower.

Where is this office unit located?

The property is located at 306 WARREN STREET Edgewater Park, NJ.

What are key features of this property?

This property features: Approximately 1,100 square feet of office space; First‑floor unit; Kitchenette and full bathroom with shower