Furnished Office
New
For Sale
$214,500
5429 Harding Hwy, Mays Landing, NJ 08233
COMMERCIAL/INDUSTRIAL, Mays Landing, NJ
Property Size1,200 SF
Price / SF$178.75
Days on Market4
Property Features for 5429 Harding Hwy
General Information
Property type
Residential
Property subtype
Office
Rooms
Office
Parking features
Off Street
Security features
Security Lighting
Interior features
220 Volt Electricity, Fire Sprinkler System, Handicap Features, Smoke/Fire Alarm
Exterior features
Security Light/System, Sign
Accessibility
Accessible Approach with Ramp
Lot features
Business District, Commercial Park, Highway, Mainland
Directions
BRICKWORKS, RT 40
Subdivision
Hamilton Twp
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6720
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Flooring type
Carpet
Listing Agency:
BHHS FOX and ROACH-Northfield
(609) 646-1900
Listed By:
RICHARD BAEHRLE · License #8436462
(609) 226-6680
Added: Sep 24
Last Checked: Sep 27 at 4:06PM
MLS# 612231
Copyright © 2026 South Jersey Shore Regional 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.
This office condominium at 5429 Harding Hwy, Suite 303, contains approximately 1,200 SF and was built in 2005. Office furniture is included, and the space is designated for non-medical uses. Interior features include carpet flooring, central air, and forced-air heating with natural gas. The property also has a fire sprinkler system, smoke/fire alarm, 220-volt electricity, and an accessible approach with a ramp.
Off-street parking, a sign, and a security light/system are among the exterior features. Public water and public sewer serve the property.
Off-street parking, a sign, and a security light/system are among the exterior features. Public water and public sewer serve the property.
Key Highlights
- Approximately 1,200 SF of office space
- Office furniture included
- Designated for non‑medical uses
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
$10,765
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
5.02%
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%
$215,300
$215.3K
Cap Rate 7%
$153,786
$153.8K
Cap Rate 9%
$119,611
$119.6K
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
$16.1K $13.44/SF
− Vacancy
−$1.8K −$1.48/SF
EGI
$14.4K $11.96/SF
− OpEx
−$3.6K −$2.99/SF
NOI
$10.8K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /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%
$215,300
Cap Rate 7%
$153,786
Cap Rate 9%
$119,611
Alternative Uses
Best Use
Office B
$153.8K
$134.6K – $179.4K
NOI $10,765 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$386.1K
$337.8K – $450.4K
NOI $27,026 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
447
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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 units - Included office furnishings and non-medical use designation are practical features of this professional workspace.
Where is this office units located?
The property is located at 5429 Harding Hwy Mays Landing, NJ.
What is the asking price?
The asking price for this property is $214,500.
What are key features of this property?
This property features: Approximately 1,200 SF of office space; Office furniture included; Designated for non‑medical uses
