Storefront with Open
For Sale
$318,200
501 S BROADWAY TURNPIKE, Gloucester City, NJ 08030
Commercial storefront featuring recessed lighting, an eat-in kitchen, and stacked laundry equipment.
Property Size1,200 SF
Price / SF$265.17
Days on Market50
Property Features for 501 S BROADWAY TURNPIKE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Duplex
Building Details
Year Built
1922
Listing Agency:
BHHS Fox & Roach-Mt Laurel
(856) 222-0077
Listed By:
Maria E Jobes-Hogan · License #1435864
(609) 923-7930
Source:
Cummingsrealtors
Added: Aug 2
Changed: Sep 19
Last Checked: Sep 19 at 10:24AM
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 BHHS Fox & Roach-Mt Laurel
Investment Insights
Based on property information with market context.
This storefront property at 501 S Broadway Turnpike offers an open interior arrangement with recessed lighting and an eat-in kitchen. The space includes an electric range, electric oven, dishwasher, refrigerator, microwave, and stacked washer and dryer. Heating and utility features include electric baseboard service, ceiling fans, and a gas water heater.
The property is zoned 4A COMMERCIAL and was built in 1922. On-street parking is available, and the recorded directions connect the site from Koehler St to Broadway. The Gloucester City address places the property on S Broadway Turnpike in Camden County.
The property is zoned 4A COMMERCIAL and was built in 1922. On-street parking is available, and the recorded directions connect the site from Koehler St to Broadway. The Gloucester City address places the property on S Broadway Turnpike in Camden County.
Key Highlights
- 4A COMMERCIAL zoning
- Open floorplan with recessed lighting
- Eat‑in kitchen with appliance package
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
$11,554
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
3.63%
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%
$231,080
$231.1K
Cap Rate 7%
$165,057
$165.1K
Cap Rate 9%
$128,378
$128.4K
Market Conditions
NOI Build-Up for 1,200 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
$18.0K $15.00/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$16.5K $13.76/SF
− OpEx
−$5.0K −$4.13/SF
NOI
$11.6K $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%
$231,080
Cap Rate 7%
$165,057
Cap Rate 9%
$128,378
Alternative Uses
Best Use
Retail
$165.1K
$144.4K – $192.6K
NOI $11,554 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.3K
$266.2K – $355.0K
NOI $21,299 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Wawa
Shops & Services
15,684 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,805 visits/mo
0.2 miles
Dollar General
Shops & Services
7,629 visits/mo
0.2 miles
Phillips 66
Shops & Services
6,573 visits/mo
0.4 miles
Dunkin' Donuts
Dining
4,813 visits/mo
0.2 miles
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Sunshine Flowers & Gifts — 2 N Broadway, Gloucester City, NJ 08030
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront featuring recessed lighting, an eat-in kitchen, and stacked laundry equipment.
Where is this storefront property located?
The property is located at 501 S BROADWAY TURNPIKE Gloucester City, NJ.
What is the asking price?
The asking price for this property is $318,200.
What are key features of this property?
This property features: 4A COMMERCIAL zoning; Open floorplan with recessed lighting; Eat‑in kitchen with appliance package
