Retail Storefront For
For Sale
$450,000
47 E Kings Hwy, Audubon, NJ 08106
For-sale retail storefront property in Camden County, New Jersey.
Property Size1,800 SF
Price / SF$250
Days on Market76
Property Features for 47 E Kings Hwy
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Zoning
COM
Taxes and HOA fees
Annual Taxes
$7,597
Amenities
Central Air, Ceiling Fan(s), Window Unit(s)
Baseboard, Hot Water, Natural Gas
On Street
Building Details
Building Size
1,800 SF
Year Built
1915
Listed By:
John H Lauk
(609) 923-0326
Source:
Evrealestate
Added: Jun 24
Changed: Aug 25
Last Checked: Sep 7 at 5:53AM
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 John H Lauk
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered as a commercial retail option within Camden County, New Jersey.
Located at 47 E Kings Highway in Audubon, the property is reached by traveling east on Kings Highway from Haddonfield and staying on the right before White Horse Pike. The site benefits from visibility along a primary corridor, with frontage directly on Kings Highway.
Located at 47 E Kings Highway in Audubon, the property is reached by traveling east on Kings Highway from Haddonfield and staying on the right before White Horse Pike. The site benefits from visibility along a primary corridor, with frontage directly on Kings Highway.
Key Highlights
- Retail storefront property in Camden County, New Jersey
- Built in 1915
- Heating includes natural gas with baseboard heat
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
$17,331
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
3.85%
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%
$346,620
$346.6K
Cap Rate 7%
$247,586
$247.6K
Cap Rate 9%
$192,567
$192.6K
Market Conditions
NOI Build-Up for 1,800 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
$27.0K $15.00/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$24.8K $13.76/SF
− OpEx
−$7.4K −$4.13/SF
NOI
$17.3K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$346,620
Cap Rate 7%
$247,586
Cap Rate 9%
$192,567
Alternative Uses
Best Use
Retail
$247.6K
$216.6K – $288.9K
NOI $17,331 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Electronics 8%
Home Improvements & Furnishings 5%
Wawa
Shops & Services
15,932 visits/mo
0.4 miles
Conoco
Shops & Services
8,055 visits/mo
0.2 miles
Citizens Bank
Shops & Services
2,712 visits/mo
0.3 miles
Verizon
Electronics
2,618 visits/mo
0.5 miles
Audubon Hardware & Supply Co.
Home Improvements & Furnishings
1,671 visits/mo
0.4 miles
Demographics for 08106, NJ
9,698
Population
3,996
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
6,061
Density / Sq Mi
$107,539
Median Household Income
$61,139
Median Earnings
$1,083
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Freshest Flowers — 503 Station Ave, Haddon Heights, NJ 08035
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property in Camden County, New Jersey.
Where is this storefront property located?
The property is located at 47 E Kings Hwy Audubon, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Retail storefront property in Camden County, New Jersey; Built in 1915; Heating includes natural gas with baseboard heat
