Three-Story Mixed-Use Office
For Sale
Contact for pricing
403 S White Horse Pike, Audubon, NJ 08106
Office operations occupy the first floor, with a separately accessed short-term rental unit on the second floor.
Property Size2,300 SF
Price / SF$151.74
Days on Market74
Property Features for 403 S White Horse Pike
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
2
Property subtype
Mixed Use, Office
Zoning
A1 - Business District
Investment Type
Value Add
Building Details
Stories
3
Listing Agency:
Vantage Real Estate Services Cherry Hill
Listed By:
Ken Richardson · License #NJ 1865294
Source:
Crexi
Added: Aug 4
Changed: Oct 1
Last Checked: Oct 14 at 11:27PM
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 Real Estate Services Cherry Hill
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Investment Insights
Based on property information with market context.
Located at 403 S White Horse Pike in Audubon, NJ, this three-story mixed-use property contains approximately 2,300 SF on approximately 0.2 acres. The first floor is configured for general office use, providing an established commercial component within the building.
The second floor functions as a short-term rental with its own private entrance. The third floor was formerly used for the same purpose and is currently vacant, offering an additional area for future reactivation. The property is zoned A1 - Business District and combines office space with existing and potential short-term rental accommodations.
The second floor functions as a short-term rental with its own private entrance. The third floor was formerly used for the same purpose and is currently vacant, offering an additional area for future reactivation. The property is zoned A1 - Business District and combines office space with existing and potential short-term rental accommodations.
Key Highlights
- ± 2,300 SF mixed‑use building on ± 0.2 acres
- First floor configured for general office use
- Second‑floor short‑term rental has a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,064
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,280
$481.3K
Cap Rate 7%
$343,771
$343.8K
Cap Rate 9%
$267,378
$267.4K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$2.9K −$1.26/SF
EGI
$38.5K $16.74/SF
− OpEx
−$14.4K −$6.28/SF
NOI
$24.1K $10.46/SF
Area
Camden County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,280
Cap Rate 7%
$343,771
Cap Rate 9%
$267,378
Alternative Uses
Best Use
Office B
$461.1K
$403.4K – $537.9K
NOI $32,275 @ 7.0% cap · market cap 9.25%
Second Best
Mixed Use
$343.8K
$300.8K – $401.1K
NOI $24,064 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$583.2K
$510.3K – $680.4K
NOI $40,822 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 08106, NJ
9,698
Population
3,996
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
6,061
Density / Sq Mi
$107,539
Median Household Income
$61,139
Median Earnings
$1,083
Median Rent
$286,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office operations occupy the first floor, with a separately accessed short-term rental unit on the second floor.
Where is this mixed-use property located?
The property is located at 403 S White Horse Pike Audubon, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: ± 2,300 SF mixed‑use building on ± 0.2 acres; First floor configured for general office use; Second‑floor short‑term rental has a private entrance
