End-Unit Residential Property with
New
For Sale
$225,000
317 GEORGIA COURT, Sewell, NJ 08080
The 1988 residence includes two bedrooms, two full bathrooms, and a private deck.
Property Size1,488 SF
Days on Market5
Property Features for 317 GEORGIA COURT
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Apartment
Building Details
Building Size
1,488 SF
Year Built
1988
Listing Agency:
Real Broker, LLC
Listed By:
Steven Kempton
(856) 823-1556
Source:
Patciervo.kw
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 8:26AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This end-unit residence, built in 1988, has two bedrooms and two full bathrooms. The main living room features a vaulted ceiling and opens to a private deck. The kitchen includes a dining area and cabinet storage, while the primary bedroom has a walk-in closet and an attached bath with a garden tub and shower. A second bedroom sits near the other full bath, and a laundry closet is located within the unit.
A spiral staircase leads to a spacious loft with an additional storage closet. The property needs minor updating.
A spiral staircase leads to a spacious loft with an additional storage closet. The property needs minor updating.
Key Highlights
- End‑unit residence built in 1988
- Two bedrooms and two full bathrooms
- Vaulted‑ceiling living room with access to a private deck
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
$17,392
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
7.73%
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%
$347,840
$347.8K
Cap Rate 7%
$248,457
$248.5K
Cap Rate 9%
$193,244
$193.2K
Market Conditions
NOI Build-Up for 1,488 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
$33.6K $22.56/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$31.6K $21.25/SF
− OpEx
−$14.2K −$9.56/SF
NOI
$17.4K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$347,840
Cap Rate 7%
$248,457
Cap Rate 9%
$193,244
Alternative Uses
Best Use
Apartment 5plus
$248.5K
$217.4K – $289.9K
NOI $17,392 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$500.2K
$437.7K – $583.5K
NOI $35,012 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1988 residence includes two bedrooms, two full bathrooms, and a private deck.
Where is this residential income property located?
The property is located at 317 GEORGIA COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: End‑unit residence built in 1988; Two bedrooms and two full bathrooms; Vaulted‑ceiling living room with access to a private deck
