Corner Office
For Sale
$2,500,000
6 E High St, Glassboro, NJ 08028
Corner-positioned office property in Glassboro, well suited for professional service tenants.
Property Size7,580 SF
Price / SF$329.82
Days on Market141
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
Listed By:
Nicholas Raio · License #2299650
(856) 924-9444
Source:
Elkaimpropertygroup
Added: Jun 5
Changed: Oct 11
Last Checked: Oct 7 at 5:10PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$119,538
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,760
$2.4M
Cap Rate 7%
$1,707,686
$1.7M
Cap Rate 9%
$1,328,200
$1.3M
Market Conditions
NOI Build-Up for 7,580 SF
Gross rent
$195.6K $25.80/SF
− Vacancy
−$36.2K −$4.77/SF
EGI
$159.4K $21.03/SF
− OpEx
−$39.8K −$5.26/SF
NOI
$119.5K $15.77/SF
Area
Gloucester County, NJ
Vacancy
18.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,760
Cap Rate 7%
$1,707,686
Cap Rate 9%
$1,328,200
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 08028, NJ
24,818
Population
9,006
Households
2.8
Avg Household Size
28
Median Age
40%
College-Educated
92%
High-School Grad
14.5 sq mi
ZIP Area
1,712
Density / Sq Mi
$81,993
Median Household Income
$33,160
Median Earnings
$1,554
Median Rent
$278,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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
