Retail Pad Sites with Xfinity
For Sale
$2,500,000
3841 ROUTE 42, Turnersville, NJ 08012
Two pad sites include one leased by Xfinity and one vacant pad, with approximately 380 feet of frontage and pylon signage.
Property Size10,000 SF
Price / SF$250
Days on Market96
Property Features for 3841 ROUTE 42
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Site & Location
Traffic Count
50,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2000
Listing Agency:
Keller Williams Real Estate-Doylestown
(917) 887-6397
Listed By:
Eric Green · License #1860674
(917) 887-6397
Source:
Cummingsrealtors
Added: May 29
Changed: Aug 31
Last Checked: Aug 31 at 2:21PM
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 Real Estate-Doylestown
Investment Insights
Based on property information with market context.
3841 Route 42 presents two retail pad sites, built in 2000, offering one occupied pad and one vacant pad for development or owner occupancy. The occupied pad is leased by Xfinity, providing a stable single-tenant component within the offering. The property also features approximately 380 feet of frontage and pylon signage to support retail visibility.
Situated along a dominant retail corridor in Turnersville, the site is positioned at a signalized intersection with established regional retail draw. The property’s visibility and access on the corridor are intended to serve retailers, restaurants, medical users, and service providers seeking a high-exposure location. The offering is available for lease at $22 per square foot; contact the listing agent for additional information.
Situated along a dominant retail corridor in Turnersville, the site is positioned at a signalized intersection with established regional retail draw. The property’s visibility and access on the corridor are intended to serve retailers, restaurants, medical users, and service providers seeking a high-exposure location. The offering is available for lease at $22 per square foot; contact the listing agent for additional information.
Key Highlights
- Built in 2000; includes two pad sites along Route 42 in Turnersville.
- One pad is occupied by Xfinity, providing an operating tenant; second pad is vacant.
- Approximately 380 ft of frontage with pylon signage.
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
$142,733
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
5.71%
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%
$2,854,660
$2.9M
Cap Rate 7%
$2,039,043
$2.0M
Cap Rate 9%
$1,585,922
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$216.0K $21.60/SF
− Vacancy
−$12.1K −$1.21/SF
EGI
$203.9K $20.39/SF
− OpEx
−$61.2K −$6.12/SF
NOI
$142.7K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$2,854,660
Cap Rate 7%
$2,039,043
Cap Rate 9%
$1,585,922
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,733 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
72k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 77%
Dining 20%
Home Improvements & Furnishings 3%
Friendly's Ice Cream
Dining
14,284 visits/mo
0.5 miles
Columbia Sportswear
Apparel
10,865 visits/mo
0.4 miles
SKECHERS Factory Outlet
Apparel
8,081 visits/mo
0.5 miles
Rally House
Apparel
7,357 visits/mo
0.5 miles
Carter's & OshKosh B'gosh
Apparel
6,644 visits/mo
0.5 miles
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Two pad sites include one leased by Xfinity and one vacant pad, with approximately 380 feet of frontage and pylon signage.
Where is this storefront property located?
The property is located at 3841 ROUTE 42 Turnersville, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Built in 2000; includes two pad sites along Route 42 in Turnersville.; One pad is occupied by Xfinity, providing an operating tenant; second pad is vacant.; Approximately 380 ft of frontage with pylon signage.
