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    Reconstructed Commercial Building in Prime Location Title is generated by Realmo AI

    314-316 E Evesham Rd Glendora NJ, Glendora, NJ 08029

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    Completely reconstructed commercial building with open floor plan and modern features.

    Type:Mixed Use
    Property size:
    5,350 SF
    Price / SF:
    $168/SF
    Added:
    May 23, 2025
    Days on Market:
    360
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 314-316 E Evesham Rd Glendora NJ

    General Information

    Standard status
    Active
    Size
    5,350 SF
    Property subtype
    Mixed Use

    We can help!

    Listing Contact
    Beverly Henry

    Listing agent Beverly Henry License #NJ SP0121254

    Listing office Coldwell Banker Commercial NRT Moorestown

    Listing date May 23, 2025

    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 Coldwell Banker Commercial NRT Moorestown

    HighLights

    • Completely reconstructed building with modern architectural design and open floor plan.
    • Prime location on a busy road, near residential areas, schools, shopping, and major routes.
    • New electric system, including efficient 3‑phase power.
    • Large basement with drive‑in access for deliveries and storage.
    • Newly repaved parking lot with marked spaces and loading ramp.
    • New plumbing, flooring, lighting, and fresh paint throughout.

    Overview

    This reconstructed commercial building is situated in a prime location. The property features a redesigned open floor plan with architectural design elements. New flooring is installed throughout the building, along with two new bathrooms. The electrical system has been updated, including the installation of 3-phase electric. The plumbing is new, featuring PEX pipes for the water supply. New lighting fixtures have been installed, including modern recessed lighting on the main level. The entire space has been freshly painted, and all doors, including the loading dock door, are new. The large parking lot has been repaved with clearly marked parking spaces and a newly installed ramp for deliveries. Located on a busy road, the property is near residential homes, local schools, softball fields, food stores, restaurants, and shopping areas. The property is located minutes from the Blackhorse and White Horse Pikes. The basement is large and offers drive-in access for deliveries and storage. The property size is 5350 square feet.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $722.8K
    NOI $65,053 @ 9.00% cap · cautious / downside scenario
    Moderate
    $929.3K
    NOI $65,053 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.30M
    NOI $65,053 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $83.5k $15.60
    − Vacancy −$6.9k −$1.29
    EGI $76.5k $14.31
    − OpEx −$11.5k −$2.15
    NOI $65.1k $12.16
    5,350 SF · lease $15.60/SF/yr · vacancy 8.30% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $929.3K
    $813.2K – $1.08M (±1% cap)
    NOI $65,053 @ 7.0% cap · market cap 7.23%
    Second Best
    Mixed Use
    $799.6K
    $699.7K – $932.9K (±1% cap)
    NOI $55,974 @ 7.0% cap · market cap 6.22%
    Theoretical Best
    Office A
    $1.36M
    $1.19M – $1.58M (±1% cap)
    NOI $94,956 @ 7.0% cap · market cap 10.55%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendora
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0651378
    Latitude
    39.8460234

    FAQs

    What type of property is this?
    Mixed-use property - Completely reconstructed commercial building with open floor plan and modern features.
    Where is this mixed-use property located?
    The property is located at 314-316 E Evesham Rd Glendora NJ Glendora, NJ.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Completely reconstructed building with modern architectural design and open floor plan.; Prime location on a busy road, near residential areas, schools, shopping, and major routes.; New electric system, including efficient 3‑phase power.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Beverly Henry
    Real Estate License ID: NJ SP0121254
    Learn More
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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.

    More about this property
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    314-316 E Evesham Rd, Glendora NJ, Glendora, NJ 08029
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