Mixed-Use Building with
New
For Sale
$589,000
48-50 Newton Avenue, Woodbury, NJ 08096
An office occupies the ground level, with two residential units on the floors above.
Property Size4,125 SF
Price / SF$142.79
Days on Market2
Property Features for 48-50 Newton Avenue
General Information
Standard status
Active
Size
4,125 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
RES
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,773
Amenities
Hardwood,Vinyl,Tile/Brick
Electric
Yes
3
Assessor
1
No Pool
Public
0.00 x 0.00
0.12
No
Driveway,On Street
Concrete Driveway
Concrete Perimeter
36100.00
Building Details
Building Size
4,125 SF
Year Built
1895
Listing Agency:
Keller Williams Select Realtors of Annapolis
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Oct 16
Last Checked: Oct 16 at 2:15PM
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 Keller Williams Select Realtors of Annapolis
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Investment Insights
Based on property information with market context.
This 4,125-square-foot mixed-use property combines commercial office space at street level with two apartments on the upper floors. The residential layouts include large bedrooms and living areas, and the kitchens are maintained. Hardwood, vinyl, and tile/brick flooring are listed among the interior features. Original wood details and millwork remain in place, and the building has central air conditioning. Built in 1895, the property is zoned RES and sits on a 0.12-acre parcel.
The property is at 48-50 Newton Avenue in Woodbury, near downtown, the Gloucester County Courthouse, professional offices, restaurants, shopping, and major transportation routes. Parking options listed include a driveway and on-street parking.
The property is at 48-50 Newton Avenue in Woodbury, near downtown, the Gloucester County Courthouse, professional offices, restaurants, shopping, and major transportation routes. Parking options listed include a driveway and on-street parking.
Key Highlights
- 4,125‑square‑foot mixed‑use property
- Ground‑level office space with two apartments above
- Built in 1895 on a 0.12‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,214
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,280
$964.3K
Cap Rate 7%
$688,771
$688.8K
Cap Rate 9%
$535,711
$535.7K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$93.1K $22.56/SF
− Vacancy
−$5.4K −$1.31/SF
EGI
$87.7K $21.25/SF
− OpEx
−$39.4K −$9.56/SF
NOI
$48.2K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,280
Cap Rate 7%
$688,771
Cap Rate 9%
$535,711
Alternative Uses
Best Use
Office B
$929.3K
$813.2K – $1.08M
NOI $65,052 @ 7.0% cap · market cap 11.04%
Second Best
Apartment 5plus
$688.8K
$602.7K – $803.6K
NOI $48,214 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,060 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An office occupies the ground level, with two residential units on the floors above.
Where is this mixed-use property located?
The property is located at 48-50 Newton Avenue Woodbury, NJ.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 4,125‑square‑foot mixed‑use property; Ground‑level office space with two apartments above; Built in 1895 on a 0.12‑acre parcel
