457 OAKSHADE ROAD, Shamong, NJ 08088

Building Details

Building Size 6,200 SF More

Year Built 1978 More

Buildings 1 More

Tenancy Multi More

Listing Agency: Weichert Realtors-Medford

Listed By: Jason Gareau · License NJ #18126 Show Phone

Source: Patmckennarealtors

Added: Sep 24 Changed: Nov 13 Last Checked: Nov 12 at 4:56PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$55,621

Cap Rate

6.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,112,420 $1.1M

Cap Rate 7%

$794,586 $794.6K

Cap Rate 9%

$618,011 $618.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,200 SF

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 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 (±1% cap)

NOI $55,621 @ 7.0% cap · market cap 6.96%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$1.32M

$1.16M – $1.55M (±1% cap)

NOI $92,715 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

MOORE, a Bowman company Engineering Consultant Zodiac Insurance Services, ... Insurance Agency The John M. Glover ... Insurance Agency World Insurance Associates ... Insurance Agency Material Supply Brokers ... Material Handling Equipment Supplier

Suggested Use

Top Pick Auto Parts Store Building Supply Dental Office Restaurant Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Average Price Trend$/SF for Office buildings in Burlington County, NJ

$188 Jul

$176 Aug

$190 Sep

$189 Oct

Properties on Market for Office buildings in Burlington County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

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6-Unit Office Building

459 OAKSHADE ROAD, Shamong, NJ 08088

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Farm with Barn and Pond

103 Nanticoke Trl, Shamong, NJ 08088

$675,000

2,036 SF

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Brick Building With Drive Thru

276 Indian Mills Rd, Shamong, NJ 08088

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2.00 Acres

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Retail

435 Oak Shade Road, Shamong, NJ 08088

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1.60 Acres

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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