Residential Income Property with
New
For Sale
$250,000
35 SEQUOIA COURT, Marlton, NJ 08053
Two-bedroom condominium with two full baths, private outdoor space, and community recreation amenities.
Property Size1,011 SF
Days on Market7
Property Features for 35 SEQUOIA COURT
General Information
Standard status
Active
Size
1,011 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,872
Building Details
Building Size
1,011 SF
Year Built
1987
Listing Agency:
Keller Williams - Main Street
Listed By:
Sara Jones · License #2567062
(609) 220-7935
Source:
Brucerealty
Added: Sep 19
Changed: Sep 23
Last Checked: Sep 24 at 3:33PM
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 - Main Street
Investment Insights
Based on property information with market context.
Built in 1987, this two-bedroom, two-full-bath condominium offers a practical layout with several recent updates. The kitchen includes newer appliances, a pantry, and a breakfast bar, while the living area features updated flooring, double sliding doors, and access to a private balcony with wooded views. The primary bedroom includes a walk-in closet and its own full bathroom. An in-unit laundry room and exterior storage unit add everyday convenience, and the HVAC system is newer.
Located in the Shannon Greene section of Kings Grant in Marlton, the property provides access to a community pool, tennis courts, playgrounds, walking trails, and a lake. Shopping, dining, parks, and major highways are nearby.
Located in the Shannon Greene section of Kings Grant in Marlton, the property provides access to a community pool, tennis courts, playgrounds, walking trails, and a lake. Shopping, dining, parks, and major highways are nearby.
Key Highlights
- Two‑bedroom condominium with two full bathrooms
- Private balcony with wooded views
- Newer appliances and HVAC system
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
$10,267
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
4.11%
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%
$205,340
$205.3K
Cap Rate 7%
$146,671
$146.7K
Cap Rate 9%
$114,078
$114.1K
Market Conditions
NOI Build-Up for 1,011 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
$19.8K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$18.7K $18.46/SF
− OpEx
−$8.4K −$8.31/SF
NOI
$10.3K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /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%
$205,340
Cap Rate 7%
$146,671
Cap Rate 9%
$114,078
Alternative Uses
Best Use
Apartment 5plus
$146.7K
$128.3K – $171.1K
NOI $10,267 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.3K
$224.3K – $299.1K
NOI $17,944 @ 7.0% cap · market cap 7.18%
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
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with two full baths, private outdoor space, and community recreation amenities.
Where is this residential income property located?
The property is located at 35 SEQUOIA COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom condominium with two full bathrooms; Private balcony with wooded views; Newer appliances and HVAC system
