Remodeled Storefront
New
For Sale
Contact for pricing
5824 WESTFIELD AVENUE, Pennsauken, NJ 08110
An open-concept interior includes a lower-level kitchen and two bathrooms on the upper level.
Property Size3,800 SF
Price / SF$0.53
Days on Market4
Property Features for 5824 WESTFIELD AVENUE
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
2003
Year Renovated
2019
Listing Agency:
Canaan Realty Group. LLC
(215) 333-1826
Listed By:
Anastasia Tran · License #RS355076
(215) 869-8280
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:55PM
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 Canaan Realty Group. LLC
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Investment Insights
Based on property information with market context.
This storefront property offers 3,800 square feet of open-concept space, remodeled in 2019. Interior features include faux wood flooring, fluorescent lighting, a kitchen on the lower level, and two bathrooms upstairs. The building was constructed in 2003.
The property is at 5824 Westfield Avenue in Pennsauken, New Jersey, on a street described as busy, with foot traffic. It has one dedicated parking space, with street parking also available. Restaurants, pharmacies, highways, parks, and a Dunkin’ Donuts are nearby.
The property is at 5824 Westfield Avenue in Pennsauken, New Jersey, on a street described as busy, with foot traffic. It has one dedicated parking space, with street parking also available. Restaurants, pharmacies, highways, parks, and a Dunkin’ Donuts are nearby.
Key Highlights
- 3,800‑square‑foot storefront property
- Remodeled in 2019
- Open‑concept layout with faux wood flooring and fluorescent lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,588
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,760
$731.8K
Cap Rate 7%
$522,686
$522.7K
Cap Rate 9%
$406,533
$406.5K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$57.0K $15.00/SF
− Vacancy
−$4.7K −$1.25/SF
EGI
$52.3K $13.76/SF
− OpEx
−$15.7K −$4.13/SF
NOI
$36.6K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,760
Cap Rate 7%
$522,686
Cap Rate 9%
$406,533
Alternative Uses
Best Use
Retail
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 1,829.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$963.5K
$843.1K – $1.12M
NOI $67,446 @ 7.0% cap · market cap 3,372.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 37%
Electronics 6%
Dining 4%
Associated Supermarkets
Groceries
16,028 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,433 visits/mo
0.1 miles
PNC Bank
Shops & Services
4,768 visits/mo
0.3 miles
Boost Mobile
Electronics
1,797 visits/mo
0.3 miles
Domino's Pizza
Dining
1,060 visits/mo
0.3 miles
Demographics for 08110, NJ
19,599
Population
6,738
Households
2.9
Avg Household Size
37
Median Age
20%
College-Educated
77%
High-School Grad
6.5 sq mi
ZIP Area
3,015
Density / Sq Mi
$81,307
Median Household Income
$40,804
Median Earnings
$1,192
Median Rent
$194,400
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 Retail in Northeast region
Similar Off Market Nearby
- Flowers Your Way — 22 N Centre St, Merchantville, NJ 08109
- Miriam's Flowers and Events — 6307 Westfield Ave, Pennsauken Township, NJ 08110
Frequently Asked Questions
What type of property is this?
Storefront property - An open-concept interior includes a lower-level kitchen and two bathrooms on the upper level.
Where is this storefront property located?
The property is located at 5824 WESTFIELD AVENUE Pennsauken, NJ.
What are key features of this property?
This property features: 3,800‑square‑foot storefront property; Remodeled in 2019; Open‑concept layout with faux wood flooring and fluorescent lighting
