Three-Unit Mixed-Use
New
For Sale
$899,999
35 S BROADWAY, Pitman, NJ 08071
Fully occupied property combining a commercial component with two residential units along South Broadway in Pitman.
Property Size4,816 SF
Price / SF$186.88
Days on Market7
Property Features for 35 S BROADWAY
General Information
Standard status
Active
Size
4,816 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$69,000
Additional Details
Gross Income
$84,000
Road Access
Yes
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty - Margate
(609) 802-7454
Listed By:
Nicholas M Brennan · License #2445553
(609) 802-7454
Source:
Cummingsrealtors
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 5 at 4:49AM
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 Keller Williams Realty - Margate
Investment Insights
Based on property information with market context.
Located at 35-37 S Broadway in Pitman, New Jersey, this 4,816-square-foot mixed-use building contains three occupied units: a commercial space and two residential units. The property was built in 1920 and combines street-level commercial utility with residential income-producing space.
Recent capital work includes a complete electrical rewire, new plumbing, mini-split systems in the commercial area, fresh paint, and new flooring in the commercial space and one residential unit. The asset reports a cap rate over 7.5% and is positioned on South Broadway in Pitman’s downtown area.
Recent capital work includes a complete electrical rewire, new plumbing, mini-split systems in the commercial area, fresh paint, and new flooring in the commercial space and one residential unit. The asset reports a cap rate over 7.5% and is positioned on South Broadway in Pitman’s downtown area.
Key Highlights
- Three‑unit mixed‑use building with one commercial space and two residential units
- 4,816 SF building on South Broadway in Pitman, NJ
- Fully occupied property with reported cap rate over 7.5%
Financial Insights For Apartment 5plus
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 | $108.6k | $22.56 |
| − Vacancy | −$6.3k | −$1.31 |
| EGI | $102.3k | $21.25 |
| − OpEx | −$46.1k | −$9.56 |
| NOI | $56.3k | $11.69 |
4,816 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$804.2K
$703.6K – $938.2K
NOI $56,291 @ 7.0% cap · market cap 6.25%
Second Best
Retail
$778.8K
$681.5K – $908.6K
NOI $54,516 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,319 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Home Improvements & Furnishings 28%
7-Eleven
Shops & Services
4,750 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
3,238 visits/mo
0.2 miles
Fulton Bank
Shops & Services
1,865 visits/mo
0.2 miles
Fulton Bank
Shops & Services
1,685 visits/mo
0.1 miles
Demographics for 08071, NJ
9,259
Population
3,984
Households
2.3
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
2,806
Density / Sq Mi
$97,222
Median Household Income
$51,243
Median Earnings
$1,488
Median Rent
$258,400
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?
Mixed-use property - Fully occupied property combining a commercial component with two residential units along South Broadway in Pitman.
Where is this mixed-use property located?
The property is located at 35 S BROADWAY Pitman, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Three‑unit mixed‑use building with one commercial space and two residential units; 4,816 SF building on South Broadway in Pitman, NJ; Fully occupied property with reported cap rate over 7.5%
