Retail Building with Ample
For Sale
$249,000
327 White Horse Pike, Egg Harbor City, NJ 08215
Retail building on heavily trafficked Route 30 with onsite parking and easy access from two streets.
Property Size1,600 SF
Price / SF$155.63
Days on Market553
Property Features for 327 White Horse Pike
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,874
Amenities
A/C - Other
3
H-C
Parking.
Lot.
150.00 x 40.00
Building Details
Year Built
1968
Listing Agency:
Century 21 Reilly Realtors
(856) 767-1776
Listed By:
Frank Maione · License #1220792
(609) 287-5921
Source:
Xome
Added: Mar 2, 2025
Changed: Sep 1
Last Checked: Sep 6 at 4:06AM
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 Century 21 Reilly Realtors
Investment Insights
Based on property information with market context.
This versatile commercial retail building, formerly home to Cedar Mart, offers a straightforward layout for a range of business uses. The property includes a newer roof, natural gas, and connections to public water and sewer. Onsite parking is available for customer and staff convenience.
Located at 327 White Horse Pike in Egg Harbor City, the building sits on heavily trafficked Route 30, with easy access from two streets and strong visibility for passing traffic.
With its retail-focused configuration and supporting utilities, the property provides a practical foundation for an incoming operator looking for a well-situated storefront building.
Located at 327 White Horse Pike in Egg Harbor City, the building sits on heavily trafficked Route 30, with easy access from two streets and strong visibility for passing traffic.
With its retail-focused configuration and supporting utilities, the property provides a practical foundation for an incoming operator looking for a well-situated storefront building.
Key Highlights
- Commercial retail building formerly Cedar Mart
- Located on heavily trafficked Route 30 with access from two streets
- Onsite parking available
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
$15,372
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
6.17%
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%
$307,440
$307.4K
Cap Rate 7%
$219,600
$219.6K
Cap Rate 9%
$170,800
$170.8K
Market Conditions
NOI Build-Up for 1,600 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
$24.0K $15.00/SF
− Vacancy
−$2.0K −$1.28/SF
EGI
$22.0K $13.73/SF
− OpEx
−$6.6K −$4.12/SF
NOI
$15.4K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
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%
$307,440
Cap Rate 7%
$219,600
Cap Rate 9%
$170,800
Alternative Uses
Best Use
Retail
$219.6K
$192.2K – $256.2K
NOI $15,372 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$595.8K
$521.4K – $695.1K
NOI $41,708 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,236 visits/mo
0.4 miles
CubeSmart Self Storage
Shops & Services
504 visits/mo
0.4 miles
Demographics for 08215, NJ
14,092
Population
5,813
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,630
Median Household Income
$46,680
Median Earnings
$1,525
Median Rent
$266,500
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?
Storefront property - Retail building on heavily trafficked Route 30 with onsite parking and easy access from two streets.
Where is this storefront property located?
The property is located at 327 White Horse Pike Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Commercial retail building formerly Cedar Mart; Located on heavily trafficked Route 30 with access from two streets; Onsite parking available
