Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5 CARROLL Avenue Pennsville, NJ 08070

    View on Map
    Claim this Listing
    For Lease
    $750 /Mo

    CommercialLease - PENNSVILLE, NJ

    Type:Office
    Lot size:
    1.05 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    22
    Last Refresh:
    May 7 at 7:06 am

    Property Features for 5 CARROLL Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    10
    Parking features
    On Street, Special Needs, Parking Lot
    Standard status
    Active
    Lot size
    1.05 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Building materials
    Brick, Mixed Plumbing

    We can help!

    Listing Contact
    Julia Beasley

    Listing agent Julia Beasley

    Listing office Pino Agency 70 N Broadway, Elmer, NJ

    Listing date Apr 16, 2026

    MLS# NJSA2018580

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private office spaces ideal for small businesses and entrepreneurs
    • Utilities included (water, electricity, maintenance)
    • Convenient location with ample parking
    • Shared common area with bathrooms
    • Locking door for each office providing privacy and security
    • Affordable rent options: Medium offices $750/month, Small office $450/month

    Overview

    Private Offices For Rent

    Private office spaces are available for rent, suitable for small businesses, freelancers, or independent professionals. The rental price is $750 per month per unit for the two remaining medium offices. A smaller unit is available for $450 per month. Each office features a locking door and individual identification. The property includes a shared common area with two bathrooms. Utilities, including water, electricity, and maintenance, are included, with the exception of WiFi. Ample parking is available and regularly maintained. The location is convenient for establishing a professional presence without the overhead of a large commercial lease. The property is located in PENNSVILLE, NJ, in SALEM County. The lot size is 1.05 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WLS Psychiatric Services Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pennsville
    County
    Salem
    State
    New Jersey
    Longitude
    -75.51557
    Latitude
    39.64025

    Nearby Similar for Lease

    • $1,600/Mo

      Pennsville Office Suite For Rent

      Well-maintained office suite in central Pennsville with utilities included.
      2 CHESTNUT Street, PENNSVILLE, NJ 08070
      View Details
    • $1,500/Mo

      Commercial Space in Pennsville, NJ

      Commercial space for lease in high-traffic Pennsville location.
      176 BROADWAY, PENNSVILLE, NJ 08070
      View Details
    • $700/Mo

      Pennsville Professional Office Condo Lease

      Professional office condo for lease in Pennsville, New Jersey.
      681 S BROADWAY, PENNSVILLE, NJ 08070
      View Details
    • $1,350/Mo

      Multi-Use Space For Rent

      Commercial space for rent, close to highways and amenities.
      5 CARROLL Avenue, PENNSVILLE, NJ 08070
      View Details
    • $15 SF/Yr

      Professional Office/Medical Space Available

      Professional office/medical space for lease with immediate occupancy.
      Pennsville, NJ 08070
      View Details
    • Contact for pricing

      Acme-Anchored Retail Space Available

      Retail spaces available in Acme-anchored shopping center near I-295.
      251-255 N Broadway, Pennsville, NJ
      View Details
    • $1,600/Mo

      Retail Space on South Broadway

      Retail property for rent at the corner of Chestnut Street.
      2 Chestnut St #Suite A, Pennsville, NJ 08070
      View Details
    • Contact for pricing

      Warehouse and Distribution Space Available

      Large warehouse and distribution buildings available for lease.
      373 North Broadway, Pennsville Township, NJ, 08070
      View Details

    FAQs

    What type of property is this?
    Office units - Private office spaces available for small businesses and entrepreneurs.
    Where is this office units located?
    The property is located at 5 CARROLL Avenue Pennsville, NJ.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: Private office spaces ideal for small businesses and entrepreneurs; Utilities included (water, electricity, maintenance); Convenient location with ample parking
    (856) 430-1629
    We can help!
    Listing Contact
    Julia Beasley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5 CARROLL Avenue, PENNSVILLE, NJ 08070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!