Versatile Office Building on Corner
For Sale
$449,900
666 Madison Ave, Burlington, NJ 08016
Single-level office building with high visibility and diverse usage allowances.
Property Size2,932 SF
Price / SF$153.44
Days on Market262
Property Features for 666 Madison Ave
General Information
Standard status
Active
Size
2,932 SF
Building Details
Year Built
1958
Listing Agency:
Twins Associates, LLC
Listed By:
Murat Sengul · License #0447447
(609) 526-4273
Source:
Harkesrealty
Added: Jan 26
Changed: Oct 9
Last Checked: Oct 7 at 2:13PM
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 Twins Associates, LLC
Investment Insights
Based on property information with market context.
This single-level office building, offering 2,750+/- square feet, is located at the corner of Route 130 and Madison Avenue. Constructed in the late 1990s with a recent addition, the building features a masonry exterior and concrete foundation. The property benefits from high visibility, with over 50,000 cars passing daily on Route 130. The 14-room space includes a ramp and regular entrance, as well as handicapped bathrooms. It is serviced by a single-phase 200-amp electrical system and heated/cooled by forced-air gas-fired systems. Approved civic uses for the property include public and private parks and playgrounds. Religious uses such as worship, assembly, Sunday school, parish, rectory, parsonage, or convent are conditionally allowed. Education-related usage includes nurseries, preschools, kindergartens, and state-licensed elementary and secondary schools, with conditional approval. Health care and social assistance facilities are conditionally permitted. Professional and technical services, administrative and support services, and information-related activities are permitted as home occupations, as are scientific research and development services. The property is located in Burlington, NJ.
Key Highlights
- High‑visibility location on Route 130 with over 50,000 cars passing daily.
- Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.
- Single‑level office building with 2,750+\/- square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,304
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,080
$526.1K
Cap Rate 7%
$375,771
$375.8K
Cap Rate 9%
$292,267
$292.3K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$39.4K $13.44/SF
− Vacancy
−$4.3K −$1.48/SF
EGI
$35.1K $11.96/SF
− OpEx
−$8.8K −$2.99/SF
NOI
$26.3K $8.97/SF
Area
Burlington 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 Rate 5%
$526,080
Cap Rate 7%
$375,771
Cap Rate 9%
$292,267
Alternative Uses
Best Use
Office B
$375.8K
$328.8K – $438.4K
NOI $26,304 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.13M
$5.37M – $7.15M
NOI $429,256 @ 7.0% cap · market cap 95.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
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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 - Single-level office building with high visibility and diverse usage allowances.
Where is this office building located?
The property is located at 666 Madison Ave Burlington, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: High‑visibility location on Route 130 with over 50,000 cars passing daily.; Versatile property with approved civic uses and conditional allowances for religious, educational, and healthcare facilities.; Single‑level office building with 2,750+\/- square feet.
