Shopping Center With Diverse Tenant
New
For Sale
$1,150,000
501 TANSBORO ROAD, Berlin, NJ 08009
Multi-tenant retail property accommodating food service, convenience retail, and dry-cleaning operations with room for expansion.
Property Size4,000 SF
Lot Size3.60 Acres
Price / SF$287.50
Days on Market5
Property Features for 501 TANSBORO ROAD
General Information
Standard status
Active
Size
4,000 SF
Lot size
3.60 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$13,683
Building Details
Building Size
4,000 SF
Year Built
1988
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Mark Advantage
(856) 912-2777
Listed By:
Jukab Seo · License #564074
(856) 912-2777
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 7 at 1:11AM
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 Realty Mark Advantage
Investment Insights
Based on property information with market context.
This 4,000-square-foot retail building occupies 3.6 acres and was built in 1988. The property currently accommodates three commercial uses: a pizza shop, a convenience store, and a dry cleaner. The existing configuration offers a varied tenant mix, while the site has potential for an expansion exceeding 2,000 square feet.
The property is positioned at the intersection of Tansboro Road and Taunton Road in Winslow Township, with a residential development under construction nearby. That development includes 142 single-family homes and 139 townhomes, with initial move-ins expected this year. The building is addressed as 501 Tansboro Road, Berlin, NJ 08009.
The property is positioned at the intersection of Tansboro Road and Taunton Road in Winslow Township, with a residential development under construction nearby. That development includes 142 single-family homes and 139 townhomes, with initial move-ins expected this year. The building is addressed as 501 Tansboro Road, Berlin, NJ 08009.
Key Highlights
- 4,000‑square‑foot retail building on 3.6 acres
- Three existing commercial uses: pizza shop, convenience store, and dry cleaner
- Expansion potential exceeding 2,000 square feet
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
$50,490
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
4.39%
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%
$1,009,800
$1.0M
Cap Rate 7%
$721,286
$721.3K
Cap Rate 9%
$561,000
$561.0K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$4.7K −$1.17/SF
EGI
$67.3K $16.83/SF
− OpEx
−$16.8K −$4.21/SF
NOI
$50.5K $12.62/SF
Area
Camden County, NJ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,009,800
Cap Rate 7%
$721,286
Cap Rate 9%
$561,000
Alternative Uses
Best Use
Specialty Retail
$721.3K
$631.1K – $841.5K
NOI $50,490 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$550.2K
$481.4K – $641.9K
NOI $38,514 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,995 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
95k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 25%
Wawa
Shops & Services
44,444 visits/mo
0.5 miles
McDonald's
Dining
16,290 visits/mo
0.2 miles
Royal Farms
Shops & Services
12,934 visits/mo
0.4 miles
TD Bank
Shops & Services
8,485 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,268 visits/mo
0.2 miles
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property accommodating food service, convenience retail, and dry-cleaning operations with room for expansion.
Where is this shopping center located?
The property is located at 501 TANSBORO ROAD Berlin, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,000‑square‑foot retail building on 3.6 acres; Three existing commercial uses: pizza shop, convenience store, and dry cleaner; Expansion potential exceeding 2,000 square feet
