Multi-Tenant Office
New
For Sale
$799,000
457 OAKSHADE ROAD, Shamong, NJ 08088
Two rental clients currently occupy the entire building, with a paved private parking area serving employees and visitors.
Property Size6,200 SF
Lot Size2.00 Acres
Days on Market4
Property Features for 457 OAKSHADE ROAD
General Information
Standard status
Active
Size
6,200 SF
Lot size
2.00 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Road Access
Yes
Amenities
security system
Building Details
Building Size
6,200 SF
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
Weichert Realtors-Medford
Listed By:
Jason Gareau · License #18126
(609) 929-4486
Source:
Patmckennarealtors
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 7:52AM
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 Weichert Realtors-Medford
Investment Insights
Based on property information with market context.
Built in 1978, this office property sits on a 2-acre parcel in a business park. Two rental clients currently occupy the entire building. Improvements include aluminum siding, copper plumbing, a security system, and a paved private parking lot.
The property has direct road frontage and borders open space. Its rural setting is within a business park, offering a defined commercial context for the building.
The property has direct road frontage and borders open space. Its rural setting is within a business park, offering a defined commercial context for the building.
Key Highlights
- Two rental clients occupy the entire building
- 2‑acre parcel with direct road frontage
- Built in 1978
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
$55,621
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
6.96%
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%
$1,112,420
$1.1M
Cap Rate 7%
$794,586
$794.6K
Cap Rate 9%
$618,011
$618.0K
Market Conditions
NOI Build-Up for 6,200 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
$83.3K $13.44/SF
− Vacancy
−$9.2K −$1.48/SF
EGI
$74.2K $11.96/SF
− OpEx
−$18.5K −$2.99/SF
NOI
$55.6K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
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%
$1,112,420
Cap Rate 7%
$794,586
Cap Rate 9%
$618,011
Alternative Uses
Best Use
Office B
$794.6K
$695.3K – $927.0K
NOI $55,621 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.97M
$11.35M – $15.13M
NOI $907,703 @ 7.0% cap · market cap 113.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 08088, NJ
24,095
Population
10,011
Households
2.4
Avg Household Size
50
Median Age
37%
College-Educated
94%
High-School Grad
150.5 sq mi
ZIP Area
160
Density / Sq Mi
$107,980
Median Household Income
$63,633
Median Earnings
$1,793
Median Rent
$344,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 building - Two rental clients currently occupy the entire building, with a paved private parking area serving employees and visitors.
Where is this office building located?
The property is located at 457 OAKSHADE ROAD Shamong, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two rental clients occupy the entire building; 2‑acre parcel with direct road frontage; Built in 1978
