6-Unit Office
New
For Sale
$600,000
459 OAKSHADE ROAD, Shamong, NJ 08088
Three office units are currently occupied, with paved parking and a security system on site.
Property Size6,000 SF
Days on Market5
Property Features for 459 OAKSHADE ROAD
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Office
Building Details
Building Size
6,000 SF
Year Built
1979
Listing Agency:
Weichert Realtors-Medford
Listed By:
Jason Gareau · License #18126
(609) 929-4486
Source:
Patmckennarealtors
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 11:05AM
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 1979, this office property contains six units, three of which are currently rented. The 0.87-acre parcel has level terrain and road frontage, with paved parking and a security system serving the property.
The offices are located in a business park in Shamong, New Jersey, at 459 Oakshade Road.
The offices are located in a business park in Shamong, New Jersey, at 459 Oakshade Road.
Key Highlights
- Six office units; three are currently rented
- 0.87‑acre parcel with level terrain and road frontage
- Paved parking and an on‑site security system
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
$53,827
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
8.97%
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%
$1,076,540
$1.1M
Cap Rate 7%
$768,957
$769.0K
Cap Rate 9%
$598,078
$598.1K
Market Conditions
NOI Build-Up for 6,000 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
$80.6K $13.44/SF
− Vacancy
−$8.9K −$1.48/SF
EGI
$71.8K $11.96/SF
− OpEx
−$17.9K −$2.99/SF
NOI
$53.8K $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%
$1,076,540
Cap Rate 7%
$768,957
Cap Rate 9%
$598,078
Alternative Uses
Best Use
Office B
$769.0K
$672.8K – $897.1K
NOI $53,827 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.55M
$10.98M – $14.64M
NOI $878,422 @ 7.0% cap · market cap 146.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Three office units are currently occupied, with paved parking and a security system on site.
Where is this office building located?
The property is located at 459 OAKSHADE ROAD Shamong, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Six office units; three are currently rented; 0.87‑acre parcel with level terrain and road frontage; Paved parking and an on‑site security system
