Remodeled Retail
For Sale
$750,000
314-316 E EVESHAM ROAD, Glendora, NJ 08029
Open commercial layout with upgraded building systems, customer amenities, loading access, and dedicated parking improvements.
Property Size5,350 SF
Days on Market189
Property Features for 314-316 E EVESHAM ROAD
General Information
Standard status
Active
Size
5,350 SF
Property subtype
MixedUse
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$12,758
Amenities
open floor plan
high ceilings
ADA-accessible bathrooms
3-phase power
loading dock
large basement
delivery ramp
Building Details
Building Size
5,350 SF
Year Renovated
2025
Buildings
1
Listing Agency:
Weichert Realtors-Haddonfield
(609) 707-3222
Listed By:
Virginia O Betteridge · License #1970425
(609) 707-3222
Source:
Brucerealty
Added: Feb 23
Changed: Aug 29
Last Checked: Aug 30 at 11:04PM
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-Haddonfield
Investment Insights
Based on property information with market context.
This retail storefront underwent a major remodel in 2025 with full permits and extensive interior and exterior improvements. The open layout features high ceilings, architectural design elements, new flooring, fresh paint, replacement doors, and recessed lighting on the main level. Building systems include new electric service with 3-phase power, new plumbing, PEX piping, and two ADA-accessible bathrooms. A loading dock door and delivery ramp support receiving operations, while the large basement provides additional storage area.
The property is located at 314-316 E Evesham Road in Glendora, within Gloucester Twp. Commercial and residential properties surround the site, which sits between the Black Horse Pike and White Horse Pike. The location is minutes from major highways and Philadelphia. Clearly delineated parking and upgraded exterior lighting are also included.
The property is located at 314-316 E Evesham Road in Glendora, within Gloucester Twp. Commercial and residential properties surround the site, which sits between the Black Horse Pike and White Horse Pike. The location is minutes from major highways and Philadelphia. Clearly delineated parking and upgraded exterior lighting are also included.
Key Highlights
- Major remodel completed in 2025 with full permits
- New electric service includes 3‑phase power, along with new plumbing and PEX piping
- Open retail layout with high ceilings and architectural design
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
$51,512
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
6.87%
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%
$1,030,240
$1.0M
Cap Rate 7%
$735,886
$735.9K
Cap Rate 9%
$572,356
$572.4K
Market Conditions
NOI Build-Up for 5,350 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
$80.3K $15.00/SF
− Vacancy
−$6.7K −$1.25/SF
EGI
$73.6K $13.76/SF
− OpEx
−$22.1K −$4.13/SF
NOI
$51.5K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,030,240
Cap Rate 7%
$735,886
Cap Rate 9%
$572,356
Alternative Uses
Best Use
Retail
$735.9K
$643.9K – $858.5K
NOI $51,512 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,956 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
83k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Groceries 30%
Dining 17%
Beauty & Spa 1%
ACME Markets
Groceries
24,635 visits/mo
0.4 miles
Dollar Tree
Shops & Services
12,426 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,833 visits/mo
0.1 miles
American Heritage Credit Union
Shops & Services
8,718 visits/mo
0.3 miles
Dollar General
Shops & Services
5,525 visits/mo
0.4 miles
Demographics for 08029, NJ
4,900
Population
2,217
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
1.1 sq mi
ZIP Area
4,455
Density / Sq Mi
$95,038
Median Household Income
$50,658
Median Earnings
$782
Median Rent
$220,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Aversa's Flower Shop Inc — 812 N Black Horse Pike, Glendora, NJ 08029
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial layout with upgraded building systems, customer amenities, loading access, and dedicated parking improvements.
Where is this storefront property located?
The property is located at 314-316 E EVESHAM ROAD Glendora, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Major remodel completed in 2025 with full permits; New electric service includes 3‑phase power, along with new plumbing and PEX piping; Open retail layout with high ceilings and architectural design
