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    Freestanding Relievus Tenant For Sale Title is generated by Realmo AI

    310 Egg Harbor Rd, Washington Township, NJ 08080

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    Single tenant Relievus pain management with six years remaining on lease.

    Type:Retail
    Property size:
    4,100 SF
    Price / SF:
    $263/SF
    Added:
    Jul 10, 2023
    Days on Market:
    1064
    Last Refresh:
    May 12 at 10:57 pm

    Property Features for 310 Egg Harbor Rd

    General Information

    Standard status
    Active
    Size
    4,100 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Jesse Dubrow

    Listing agent Jesse Dubrow License #RS362355

    Listing office MSC Retail

    Listing date Jul 10, 2023

    Source Crexi

    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 MSC Retail

    HighLights

    • Long‑term tenant (Relievus) with a 20+ year operating history at this location and a recently extended lease.
    • Lease is fully guaranteed by Clearway Pain Solutions, the parent company of Relievus, which operates over 70+ locations.
    • Favorable lease terms with 6 years remaining and annual rent escalations of 3%.
    • Strategic location at the intersection of Egg Harbor Road and Hurffville Road with high daily traffic counts.
    • Proximity to Jefferson Washington Township Hospital (2 miles), which is undergoing a $222 million revitalization.
    • Strong affluent demographic profile with over 57,000 residents and an average household income of $147,000 within a 3‑mile radius.

    Overview

    This single-tenant, freestanding property is occupied by Relievus, a pain management tenant. The property is located at the intersection of Egg Harbor Road, which sees 18,639 vehicles per day, and Hurffville Road, with 8,881 vehicles per day, in Sewell, NJ. The lease is fully guaranteed by Clearway Pain Solutions, the parent company of Relievus, which operates over 70 locations. Relievus has been operating at this location for over 20 years and recently extended their lease for an additional 5 years. There are currently 6 years remaining on the lease agreement, which includes annual rent escalations of 3%. The site is conveniently located 2 miles from Jefferson Washington Township Hospital, a private bed facility with over 180 beds. The hospital is undergoing a $222 million campus revitalization and is currently in its final phase of development. The surrounding area has a strong affluent demographic profile, with over 57,000 residents and an average household income of $147,000 within a 3-mile radius. The property is strategically positioned between the Atlantic City Expressway, with 74,223 vehicles per day, and Route 55, with 64,143 vehicles per day. These road networks provide access between Southern New Jersey and Philadelphia. The property size is 4,100 square feet.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $108.2k $26.40
    − Vacancy −$6.5k −$1.58
    EGI $101.7k $24.82
    − OpEx −$40.7k −$9.93
    NOI $61.0k $14.89
    4,100 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $872.1K
    $763.1K – $1.02M (±1% cap)
    NOI $61,047 @ 7.0% cap · market cap 5.65%
    Second Best
    Retail
    $836.0K
    $731.5K – $975.3K (±1% cap)
    NOI $58,520 @ 7.0% cap · market cap 5.42%
    Theoretical Best
    Office A
    $1.07M
    $936.8K – $1.25M (±1% cap)
    NOI $74,941 @ 7.0% cap · market cap 6.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington Township
    County
    Bergen
    State
    New Jersey
    Longitude
    -75.1094
    Latitude
    39.7561

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    FAQs

    What type of property is this?
    Retail space - Single tenant Relievus pain management with six years remaining on lease.
    Where is this retail space located?
    The property is located at 310 Egg Harbor Rd Washington Township, NJ.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: Long‑term tenant (Relievus) with a 20+ year operating history at this location and a recently extended lease.; Lease is fully guaranteed by Clearway Pain Solutions, the parent company of Relievus, which operates over 70+ locations.; Favorable lease terms with 6 years remaining and annual rent escalations of 3%.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jesse Dubrow
    Real Estate License ID: RS362355
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    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.

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