Flex Building with Loading
309 S BROADWAY, Gloucester City, NJ 08030
For Sale
$320,000
An open ground floor, rear yard, and unfinished basement offer adaptable space for commercial operations.
Property Size1,476 SF
Days on Market10
Property Features for 309 S BROADWAY
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
handicapped accessible bathroom
kitchenette
wide steel roll up door
loading access
full unfinished basement
high ceilings
Bilco doors
long cement driveway
large back yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams - Main Street
Listed By:
Jaclyn Ann Walther · License #1648180
(856) 287-5001
Source:
Patmckennarealtors
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 7 at 1:50PM
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 - Main Street
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Investment Insights
Based on property information with market context.
Built in 1960, this flex property in Gloucester City has an open main floor with a kitchenette and an accessible bathroom. The rear yard is reached through a wide steel roll-up door that provides loading access. A full, unfinished basement matches the main floor in area, has high ceilings, and connects to the street through Bilco doors. Updates have been made over time, including new heating and air conditioning.
A long concrete driveway accommodates 2-3 cars or a large contractor vehicle and continues to the backyard, which can provide additional storage space.
A long concrete driveway accommodates 2-3 cars or a large contractor vehicle and continues to the backyard, which can provide additional storage space.
Key Highlights
- Open first floor with kitchenette and accessible bathroom
- Steel roll‑up door provides loading access to the backyard
- Unfinished basement matches the main floor in area and has high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,382
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,640
$287.6K
Cap Rate 7%
$205,457
$205.5K
Cap Rate 9%
$159,800
$159.8K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$22.1K $15.00/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$20.5K $13.92/SF
− OpEx
−$6.2K −$4.18/SF
NOI
$14.4K $9.74/SF
Area
Camden County, NJ
Vacancy
7.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,640
Cap Rate 7%
$205,457
Cap Rate 9%
$159,800
Alternative Uses
Best Use
Industrial
$205.5K
$179.8K – $239.7K
NOI $14,382 @ 7.0% cap · market cap 4.49%
Second Best
Flex RnD
$189.1K
$165.4K – $220.6K
NOI $13,235 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$374.2K
$327.5K – $436.6K
NOI $26,197 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Camden County, NJ
Properties on Market for Flex space in Camden County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Dolson Family Catering — 419 Highland Blvd, Gloucester City, NJ 08030
Frequently Asked Questions
What type of property is this?
Flex space - An open ground floor, rear yard, and unfinished basement offer adaptable space for commercial operations.
Where is this flex space located?
The property is located at 309 S BROADWAY Gloucester City, NJ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Open first floor with kitchenette and accessible bathroom; Steel roll‑up door provides loading access to the backyard; Unfinished basement matches the main floor in area and has high ceilings
