Renovated Multi-Tenant Office
New
For Sale
$200,000
513 N BLACK HORSE PIKE, Runnemede, NJ 08078
Multi-suite office property with rear parking, shared amenities, and access to major regional transportation routes.
Property Size1,325 SF
Price / SF$150.94
Days on Market3
Property Features for 513 N BLACK HORSE PIKE
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,284
Building Details
Building Size
1,325 SF
Year Built
1958
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty - Moorestown
(856) 577-2694
Listed By:
Devin Dinofa
(856) 577-2694
Source:
Brucerealty
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 5:01AM
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 Realty - Moorestown
Investment Insights
Based on property information with market context.
Built in 1958, this approximately 1,325-square-foot office building has been renovated with exterior improvements and cosmetic updates. The multi-tenant layout includes several private office suites and shared common amenities, supporting professional, medical, or owner-user occupancy. Rear parking adds practical convenience for occupants and visitors.
The property is located at 513 N Black Horse Pike in Runnemede, New Jersey, along the Black Horse Pike corridor. Route 42, Interstate 295, the New Jersey Turnpike, and the Walt Whitman Bridge are nearby, providing connections to Philadelphia and surrounding South Jersey markets. The surrounding commercial area includes retail, office, and service-oriented businesses.
The property is located at 513 N Black Horse Pike in Runnemede, New Jersey, along the Black Horse Pike corridor. Route 42, Interstate 295, the New Jersey Turnpike, and the Walt Whitman Bridge are nearby, providing connections to Philadelphia and surrounding South Jersey markets. The surrounding commercial area includes retail, office, and service-oriented businesses.
Key Highlights
- Approximately 1,325‑square‑foot office building
- Multi‑tenant layout with multiple private office suites
- Renovated property with exterior improvements and cosmetic upgrades
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $24.00 |
| − Vacancy | −$4.7k | −$3.55 |
| EGI | $27.1k | $20.45 |
| − OpEx | −$10.8k | −$8.18 |
| NOI | $16.3k | $12.27 |
1,325 SF · lease $24.00/SF/yr · vacancy 14.80% · expense 40.00%
Alternative Uses
Best Use
Office B
$265.6K
$232.4K – $309.9K
NOI $18,593 @ 7.0% cap · market cap 9.30%
Second Best
Healthcare Medical
$232.2K
$203.2K – $270.9K
NOI $16,256 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$336.0K
$294.0K – $392.0K
NOI $23,517 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 08078, NJ
8,074
Population
3,338
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
4,249
Density / Sq Mi
$97,857
Median Household Income
$47,516
Median Earnings
$1,375
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-suite office property with rear parking, shared amenities, and access to major regional transportation routes.
Where is this office building located?
The property is located at 513 N BLACK HORSE PIKE Runnemede, NJ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 1,325‑square‑foot office building; Multi‑tenant layout with multiple private office suites; Renovated property with exterior improvements and cosmetic upgrades
