Remodeled Showroom with Loading
For Sale
$750,000
314 314-316 E Evesham Rd, Glendora, NJ 08029
Open commercial space with high ceilings, upgraded building systems, parking, and a large basement for storage.
Property Size5,350 SF
Price / SF$140.19
Days on Market26
Property Features for 314 314-316 E Evesham Rd
General Information
Standard status
Active
Size
5,350 SF
Amenities
open floor plan
high ceilings
ADA-accessible bathrooms
3-phase power
loading dock
large basement
delineated parking
delivery ramp
Building Details
Year Built
9999
Year Renovated
2025
Listing Agency:
Weichert Realtors-Haddonfield
(609) 707-3222
Listed By:
Virginia O Betteridge · License #1970425
Source:
Premierehomegroup
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 28 at 12:51PM
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 5,350-square-foot showroom property underwent a substantial remodel completed in 2025, with full permits and improvements across the building. The open interior has high ceilings, architectural detailing, new flooring, fresh paint, recessed lighting on the main level, and two ADA-accessible bathrooms. Building systems include new electrical service with 3-phase power, new plumbing, PEX piping, and updated interior and exterior lighting. All doors have been replaced, including the loading dock door.
The property is currently used as an appliance store and was previously occupied by a liquor store. Exterior work includes marked parking, a new delivery ramp, and improved lighting. A sizable basement adds storage capacity. The site is positioned on E Evesham Rd in Glendora, between the Black Horse Pike and White Horse Pike, with access to major highways and Philadelphia. A lease option may also be considered by the seller.
The property is currently used as an appliance store and was previously occupied by a liquor store. Exterior work includes marked parking, a new delivery ramp, and improved lighting. A sizable basement adds storage capacity. The site is positioned on E Evesham Rd in Glendora, between the Black Horse Pike and White Horse Pike, with access to major highways and Philadelphia. A lease option may also be considered by the seller.
Key Highlights
- 5,350‑square‑foot showroom property remodeled in 2025 with full permits
- New electrical system with 3‑phase power, plumbing, PEX piping, and lighting
- Open floor plan 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
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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Frequently Asked Questions
What type of property is this?
Showroom - Open commercial space with high ceilings, upgraded building systems, parking, and a large basement for storage.
Where is this showroom located?
The property is located at 314 314-316 E Evesham Rd 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: 5,350‑square‑foot showroom property remodeled in 2025 with full permits; New electrical system with 3‑phase power, plumbing, PEX piping, and lighting; Open floor plan with high ceilings and architectural design
