6-Unit Office
459 OAKSHADE ROAD, Shamong, NJ 08088
For Sale
$600,000
Three office units are currently occupied, with paved parking and a security system on site.
Property Size6,000 SF
Days on Market53
Property Features for 459 OAKSHADE ROAD
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Weichert Realtors-Medford
Listed By:
Jason Gareau · License NJ #18126
(609) 929-4486
Source:
Patmckennarealtors
Added: Sep 23
Changed: Nov 13
Last Checked: Nov 12 at 2:57PM
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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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 / Yr
$53,827
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
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
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 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
Retail
$1.28M
$1.12M – $1.50M
NOI $89,724 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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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
$344,900
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Burlington County, NJ
Properties on Market for Office buildings in Burlington County
Vacancy Rate% for Office in Northeast region
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
