Storefront in Camden's University
331 Market Street Camden, NJ
For Sale
Contact for pricing
Storefront property in revitalizing Camden, near Rutgers University.
Property Size2,326 SF
Lot Size0.06 Acres
Price / SF$176.27
Days on Market818
Property Features for 331 Market Street
General Information
Standard status
Active
Size
2,326 SF
Lot size
0.06 Acres
Property subtype
OFFICE
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Ken Richardson · License #NJ 1865294
(609) 346-0512
Source:
Moodyscre
Added: May 3, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:46AM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
This one-story storefront property, totaling 2326 square feet, is located in the university and support district of Camden. Situated at the corner of Third and Market Street, it is within walking distance of Rutgers Camden. The property includes off-street parking. Camden, New Jersey, is undergoing a transformation, with thriving mixed-use properties contributing to its revitalization. This property is located in Downtown Camden, which offers a fusion of residential, commercial, and recreational spaces. Camden is emerging as a hub for innovation and entrepreneurship, with an expanding educational and medical community driving economic growth. The location provides easy access to public transportation and major roadways, facilitating commuting to Philadelphia and neighboring cities.
Key Highlights
- Located in Downtown Camden, a Revitalizing Hub for Innovation and Entrepreneurship
- Walking Distance to Rutgers Camden
- Off‑Street Parking Available
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $21.96 |
| − Vacancy | −$7.6k | −$3.25 |
| EGI | $43.5k | $18.71 |
| − OpEx | −$10.9k | −$4.68 |
| NOI | $32.6k | $14.03 |
2,326 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$466.3K
$408.0K – $544.0K
NOI $32,639 @ 7.0% cap · market cap 7.96%
Second Best
Retail
$319.9K
$280.0K – $373.3K
NOI $22,396 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$589.8K
$516.1K – $688.1K
NOI $41,284 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Storefront property in revitalizing Camden, near Rutgers University.
Where is this office units located?
The property is located at 331 Market Street Camden, NJ.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Located in Downtown Camden, a Revitalizing Hub for Innovation and Entrepreneurship; Walking Distance to Rutgers Camden; Off‑Street Parking Available
