Upgraded Retail and Office
For Sale
$229,000
442 HIGH STREET, Burlington, NJ 08016
Upgraded interior commercial building with new HVAC and hot water heater, plus a rear private parking lot for 30+ vehicles.
Property Size1,400 SF
Price / SF$163.57
Days on Market604
Property Features for 442 HIGH STREET
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,678
Amenities
Central Air
3
Carpet
Flat
Parking.
Private, Driveway, On Street, Lot.
Level
27.00 x 211.00
Other, Downtown, Level, Open.
Building Details
Year Built
1963
Stories
1
Listing Agency:
(609) 654-7300
Listed By:
Medford
(609) 338-1690
Source:
Xome
Added: Jan 11, 2025
Changed: Sep 2
Last Checked: Sep 7 at 6:02AM
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 Medford
Investment Insights
Based on property information with market context.
This commercial building offers flexible use as an office or storefront space, with an upgraded interior and ongoing improvements that include a new HVAC system and a new hot water heater being installed. The property includes approximately 1,400 square feet of space configured to support a range of business needs.
The building is located in Historic Burlington City with convenient access and parking, including a large private rear lot accommodating 30+ cars and vans, along with room for trailer parking and additional street parking and nearby public and private parking. It is within walking distance of the Municipal Building, shops, restaurants, and a barbershop, and it is also close to the Post Office and the Riverline, as well as a bus stop.
Offered for sale (or lease purchase), the property is well suited for an owner-operator or a tenant looking for adaptable commercial space with substantial on-site parking.
The building is located in Historic Burlington City with convenient access and parking, including a large private rear lot accommodating 30+ cars and vans, along with room for trailer parking and additional street parking and nearby public and private parking. It is within walking distance of the Municipal Building, shops, restaurants, and a barbershop, and it is also close to the Post Office and the Riverline, as well as a bus stop.
Offered for sale (or lease purchase), the property is well suited for an owner-operator or a tenant looking for adaptable commercial space with substantial on-site parking.
Key Highlights
- Commercial building built in 1963 with approximately 1,585 SF of upgraded interior space
- New HVAC system installed and a new hot water heater being installed
- Rear private parking lot accommodates 30+ cars and vans, with room for trailer parking
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
$19,457
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
8.50%
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%
$389,140
$389.1K
Cap Rate 7%
$277,957
$278.0K
Cap Rate 9%
$216,189
$216.2K
Market Conditions
NOI Build-Up for 1,400 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
$34.9K $24.96/SF
− Vacancy
−$2.5K −$1.80/SF
EGI
$32.4K $23.16/SF
− OpEx
−$13.0K −$9.27/SF
NOI
$19.5K $13.90/SF
Area
Burlington County, NJ
Vacancy
7.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
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%
$389,140
Cap Rate 7%
$277,957
Cap Rate 9%
$216,189
Alternative Uses
Best Use
Healthcare Medical
$278.0K
$243.2K – $324.3K
NOI $19,457 @ 7.0% cap · market cap 8.50%
Second Best
Office B
$179.4K
$157.0K – $209.3K
NOI $12,560 @ 7.0% cap · market cap 5.48%
Theoretical Best
Warehouse
$2.93M
$2.56M – $3.42M
NOI $204,965 @ 7.0% cap · market cap 89.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Upgraded interior commercial building with new HVAC and hot water heater, plus a rear private parking lot for 30+ vehicles.
Where is this office units located?
The property is located at 442 HIGH STREET Burlington, NJ.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Commercial building built in 1963 with approximately 1,585 SF of upgraded interior space; New HVAC system installed and a new hot water heater being installed; Rear private parking lot accommodates 30+ cars and vans, with room for trailer parking
