Freestanding Office/Retail
For Sale
Contact for pricing
531 Mullica Hill Rd, Mullica Hill, NJ 08062
Freestanding office/retail building on Mullica Hill Road with building signage for high visibility.
Property Size2,564 SF
Lot Size0.50 Acres
Price / SF$167.32
Days on Market311
Property Features for 531 Mullica Hill Rd
General Information
Standard status
Active
Size
2,564 SF
Lot size
0.50 Acres
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
2,564 SF
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Ken Richardson · License ##1865294
(609) 346-0512
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Sep 4
Last Checked: Sep 12 at 4:21AM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
This free-standing office/retail building is approximately 2,564 square feet on about 0.5 acres. The property is described as well maintained and is set up to serve either office users or a retail “shop” operation, with building signage intended to support visibility.
The building is situated directly on Mullica Hill Road. Mullica Hill is accessible via Route 55, which provides direct connections to I-295 and I-95, offering convenient regional travel.
The offering includes a single, freestanding structure designed for combined office and retail use, supported by prominent on-building signage.
The building is situated directly on Mullica Hill Road. Mullica Hill is accessible via Route 55, which provides direct connections to I-295 and I-95, offering convenient regional travel.
The offering includes a single, freestanding structure designed for combined office and retail use, supported by prominent on-building signage.
Key Highlights
- Free‑standing office/retail building of approx. 2,564 SF on approx. 0.5 acres
- Directly on Mullica Hill Road with building signage
- Located in Mullica Hill, NJ with easy access via Route 55 to I‑295 and I‑95
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
$29,024
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
6.77%
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%
$580,480
$580.5K
Cap Rate 7%
$414,629
$414.6K
Cap Rate 9%
$322,489
$322.5K
Market Conditions
NOI Build-Up for 2,564 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
$43.7K $17.04/SF
− Vacancy
−$2.2K −$0.87/SF
EGI
$41.5K $16.17/SF
− OpEx
−$12.4K −$4.85/SF
NOI
$29.0K $11.32/SF
Area
Gloucester County, NJ
Vacancy
5.10%
Lease Rate
$17.04 /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%
$580,480
Cap Rate 7%
$414,629
Cap Rate 9%
$322,489
Alternative Uses
Best Use
Office B
$577.6K
$505.4K – $673.9K
NOI $40,435 @ 7.0% cap · market cap 9.43%
Second Best
Retail
$414.6K
$362.8K – $483.7K
NOI $29,024 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$861.9K
$754.1K – $1.01M
NOI $60,330 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 08062, NJ
17,446
Population
5,796
Households
3
Avg Household Size
40
Median Age
54%
College-Educated
95%
High-School Grad
32.2 sq mi
ZIP Area
542
Density / Sq Mi
$159,386
Median Household Income
$74,254
Median Earnings
$1,097
Median Rent
$468,600
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office/retail building on Mullica Hill Road with building signage for high visibility.
Where is this office building located?
The property is located at 531 Mullica Hill Rd Mullica Hill, NJ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Free‑standing office/retail building of approx. 2,564 SF on approx. 0.5 acres; Directly on Mullica Hill Road with building signage; Located in Mullica Hill, NJ with easy access via Route 55 to I‑295 and I‑95
