Two-Building Office
For Sale
$747,000
399 & 385 N ROUTE 73, West Berlin, NJ 08091
Three rentable office units offer private entrances, restrooms, and dedicated office areas within a maintained commercial setting.
Property Size3,346 SF
Days on Market51
Property Features for 399 & 385 N ROUTE 73
General Information
Standard status
Active
Size
3,346 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$15,167
Building Details
Building Size
3,346 SF
Year Built
1980
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Sidney Benstead · License #8032152
(856) 810-5710
Source:
Patmckennarealtors
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 3 at 1:59PM
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 BHHS Fox & Roach-Marlton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two office buildings that are being sold together, with three rental units configured with private offices, restrooms, and separate entrances. The buildings are supported by a recently installed heating and air-conditioning system from 2023 and have been maintained over time. Both structures date to 1980.
A large fenced parking area serves the property and accommodates approximately 100 cars. The buildings are positioned along Route 73 at a busy intersection in West Berlin, New Jersey, providing a highway-oriented setting for office operations.
A large fenced parking area serves the property and accommodates approximately 100 cars. The buildings are positioned along Route 73 at a busy intersection in West Berlin, New Jersey, providing a highway-oriented setting for office operations.
Key Highlights
- Two office buildings offered together
- Three office rental units with private offices, restrooms, and private entrances
- New heating and A/C installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,953
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,060
$939.1K
Cap Rate 7%
$670,757
$670.8K
Cap Rate 9%
$521,700
$521.7K
Market Conditions
NOI Build-Up for 3,346 SF
Gross rent
$73.5K $21.96/SF
− Vacancy
−$10.9K −$3.25/SF
EGI
$62.6K $18.71/SF
− OpEx
−$15.7K −$4.68/SF
NOI
$47.0K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,060
Cap Rate 7%
$670,757
Cap Rate 9%
$521,700
Alternative Uses
Best Use
Office B
$670.8K
$586.9K – $782.6K
NOI $46,953 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$848.4K
$742.4K – $989.8K
NOI $59,388 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 08091, NJ
5,867
Population
2,588
Households
2.3
Avg Household Size
45
Median Age
26%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
1,778
Density / Sq Mi
$74,828
Median Household Income
$41,031
Median Earnings
$1,346
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three rentable office units offer private entrances, restrooms, and dedicated office areas within a maintained commercial setting.
Where is this office building located?
The property is located at 399 & 385 N ROUTE 73 West Berlin, NJ.
What is the asking price?
The asking price for this property is $747,000.
What are key features of this property?
This property features: Two office buildings offered together; Three office rental units with private offices, restrooms, and private entrances; New heating and A/C installed in 2023
