Occupied Mixed-Use
500 BLACK HORSE PIKE, Glendora, NJ 08029
For Sale
$995,000
Includes commercial space, two apartments, a rented garage, and on-site parking.
Property Size7,500 SF
Days on Market51
Property Features for 500 BLACK HORSE PIKE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
HomeSmart First Advantage Realty
Listed By:
Hakan Karahan · License #9693664
(856) 363-3000
Source:
Brucerealty
Added: Sep 20
Changed: Oct 31
Last Checked: Nov 8 at 2:47PM
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 HomeSmart First Advantage Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor commercial area with two occupied apartments and a separate rented garage. The larger residence includes three bedrooms and two full bathrooms, while the second offers two bedrooms and one full bathroom. Each apartment also has a living room and kitchen. The building was constructed in 1969 and has been recently updated.
Located along Black Horse Pike in Glendora, New Jersey, the property includes approximately 10 on-site parking spaces serving the commercial and residential components. The commercial space, apartments, and garage are all occupied, creating a diversified configuration with commercial, residential, and accessory rental components under one ownership.
Located along Black Horse Pike in Glendora, New Jersey, the property includes approximately 10 on-site parking spaces serving the commercial and residential components. The commercial space, apartments, and garage are all occupied, creating a diversified configuration with commercial, residential, and accessory rental components under one ownership.
Key Highlights
- Fully occupied mixed‑use property with commercial, residential, and garage components
- Two apartments: one with 3 bedrooms and 2 full bathrooms; one with 2 bedrooms and 1 full bathroom
- Separate garage is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,469
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,380
$1.6M
Cap Rate 7%
$1,120,986
$1.1M
Cap Rate 9%
$871,878
$871.9K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$135.0K $18.00/SF
− Vacancy
−$9.5K −$1.26/SF
EGI
$125.6K $16.74/SF
− OpEx
−$47.1K −$6.28/SF
NOI
$78.5K $10.46/SF
Area
Camden County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,380
Cap Rate 7%
$1,120,986
Cap Rate 9%
$871,878
Alternative Uses
Best Use
Mixed Use
$1.12M
$980.9K – $1.31M
NOI $78,469 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$1.09M
$952.1K – $1.27M
NOI $76,167 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,116 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 08029, NJ
4,900
Population
2,217
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
1.1 sq mi
ZIP Area
4,455
Density / Sq Mi
$95,038
Median Household Income
$50,658
Median Earnings
$782
Median Rent
$220,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Camden County, NJ
Properties on Market for Mixed-use properties in Camden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes commercial space, two apartments, a rented garage, and on-site parking.
Where is this mixed-use property located?
The property is located at 500 BLACK HORSE PIKE Glendora, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property with commercial, residential, and garage components; Two apartments: one with 3 bedrooms and 2 full bathrooms; one with 2 bedrooms and 1 full bathroom; Separate garage is currently rented
