Corner Office
6 E High St Glassboro, NJ 08028
For Sale
$2,500,000
Corner-positioned office property in Glassboro, well suited for professional service tenants.
Property Size7,580 SF
Price / SF$329.82
Days on Market53
Property Features for 6 E High St
General Information
- Standard status
- Active
- Size
- 7,580 SF
Building Details
- Year Built
- 1926
Listing Agency:
Penzone Realty
(856) 924-9444
Listed By:
Nicholas Raio · License #2299650
(856) 924-9444
Source:
Evrealestate
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 24 at 6:36AM
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 Penzone Realty
Investment Insights
Based on property information with market context.
The offering is a for-sale office building located at 6 E High St in Glassboro, New Jersey. The property is positioned at the corner of High St and Main St, providing a straightforward, street-facing presence for office use.
Access is available directly from the surrounding street network. The public directions indicate that the building is located at the corner of High St and Main St for those approaching from Delsea Dr.
This property is best suited for owner-users and small firms looking for an office location within Glassboro. Its corner configuration can support a professional entry and signage visibility from two streets, which may be helpful for businesses seeking an identifiable storefront-style office presence.
Access is available directly from the surrounding street network. The public directions indicate that the building is located at the corner of High St and Main St for those approaching from Delsea Dr.
This property is best suited for owner-users and small firms looking for an office location within Glassboro. Its corner configuration can support a professional entry and signage visibility from two streets, which may be helpful for businesses seeking an identifiable storefront-style office presence.
Key Highlights
- Corner‑positioned office property in Glassboro, located on the corner of High St. and Main St.
- Central air conditioning
- Forced air heating with natural gas
Financial Insights For Office B
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 | $195.6k | $25.80 |
| − Vacancy | −$36.2k | −$4.77 |
| EGI | $159.4k | $21.03 |
| − OpEx | −$39.8k | −$5.26 |
| NOI | $119.5k | $15.77 |
7,580 SF · lease $25.80/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,538 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,356 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Corner-positioned office property in Glassboro, well suited for professional service tenants.
Where is this office building located?
The property is located at 6 E High St Glassboro, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Corner‑positioned office property in Glassboro, located on the corner of High St. and Main St.; Central air conditioning; Forced air heating with natural gas
