423 Market Street, Camden, NJ
Completely renovated office building in Downtown Camden, New Jersey.
- Added:
- May 3, 2024
- Days on Market:
- 788
- Last Refresh:
- May 20 at 8:39 pm
Property Features for 423 Market Street
General Information
- Standard status
- Active
- Size
- 3,846 SF
- Lot size
- 0.07 Acres
- Property subtype
- OFFICE
Listing office Vantage Commercial (856) 797-1919
Listing date May 3, 2024
Source Moodyscre
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 Commercial
HighLights
- Completely renovated office building.
- Three stories of secured office space with private offices, conference rooms, and bathrooms.
- Located in Downtown Camden, NJ, a hub for innovation and entrepreneurship.
- Located next to the federal building.
- Easy access to public transportation and major roadways.
- First floor tenant already in place.
Overview
Local Financial Insights For Office B
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 | $84.5k | $21.96 |
| − Vacancy | −$12.5k | −$3.25 |
| EGI | $72.0k | $18.71 |
| − OpEx | −$18.0k | −$4.68 |
| NOI | $54.0k | $14.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Camden
- State
- New Jersey
- Longitude
- -75.1215
- Latitude
- 39.9459
