Recently Renovated Multi-Tenant
513 N BLACK HORSE Pike Runnemede, NJ 08078
For Sale
$200,000
Commercial Sale - RUNNEMEDE, NJ
Property Size1,325 SF
Lot Size0.09 Acres
Price / SF$150.94
Days on Market50
Property Features for 513 N BLACK HORSE Pike
General Information
Property type
Other
Property subtype
Office
Parking
10
Parking features
Parking Lot
Standard status
Active
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3284
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1958
Building materials
Brick
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Devin Dinofa
(856) 577-2694
Added: Jun 10
Changed: Jun 12
Last Checked: Jul 29 at 12:06PM
MLS# NJCD2119816
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.
Investment Insights
Based on property information with market context.
513 Black Horse Pike is a recently renovated, multi-tenant professional office building offering flexible office configurations. The space includes multiple private office suites supported by shared common amenities, making it well suited to organizations needing individual offices while maintaining common-area access. Exterior work and cosmetic upgrades are included to support a professional presentation.
The property is positioned along Black Horse Pike, providing strong street visibility and convenient rear parking. It is also described as having excellent signage exposure. The listing notes regional access to Route 42, Interstate 295, the New Jersey Turnpike, and the Walt Whitman Bridge.
For tenants and owner-users, the combination of private suite layouts and shared amenities supports a range of professional and medical office operations. For buyers, the multi-tenant design provides flexibility in how the building can be occupied, while remaining oriented toward professional visibility along an established commercial corridor.
The property is positioned along Black Horse Pike, providing strong street visibility and convenient rear parking. It is also described as having excellent signage exposure. The listing notes regional access to Route 42, Interstate 295, the New Jersey Turnpike, and the Walt Whitman Bridge.
For tenants and owner-users, the combination of private suite layouts and shared amenities supports a range of professional and medical office operations. For buyers, the multi-tenant design provides flexibility in how the building can be occupied, while remaining oriented toward professional visibility along an established commercial corridor.
Key Highlights
- Multi‑tenant professional office building on Black Horse Pike in Runnemede, NJ
- Approximately 1,325 SF with multiple private office suites and shared common amenities
- Recently renovated with recent 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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Recently renovated multi-tenant office with street visibility and convenient rear parking for professional or medical use.
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: Multi‑tenant professional office building on Black Horse Pike in Runnemede, NJ; Approximately 1,325 SF with multiple private office suites and shared common amenities; Recently renovated with recent exterior improvements and cosmetic upgrades
