Renovated Residential Income
For Sale
$285,000
67 KNOLL DRIVE, Blackwood, NJ 08012
End-unit condominium with a loft, updated interiors, lake views, and community recreation nearby.
Property Size1,210 SF
Days on Market11
Property Features for 67 KNOLL DRIVE
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,680
Amenities
skylight
fireplace
playground
tennis court
Building Details
Building Size
1,210 SF
Year Built
1985
Listing Agency:
Keller Williams Realty - Washington Township
Listed By:
Nicole A McCaffery · License #458335
(856) 287-4254
Source:
Brucerealty
Added: Sep 22
Changed: Sep 27
Last Checked: Oct 1 at 6:02PM
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 Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
This end-unit condominium includes a loft and has undergone extensive interior updates. Improvements include a new kitchen with granite countertops, a 6-inch backsplash, white cabinetry, under-cabinet lighting, and stainless-steel appliances. Newer vinyl plank flooring, fresh paint, and an updated bathroom further refresh the interior. The home also includes a fireplace, central A/C, forced-air heating, built-in microwave and range, dishwasher, washer, and dryer.
The property backs to a scenic lake and is located steps from a children’s playground and tennis court. Additional improvements include a skylight, replacement storm door, outdoor rug, and maintained fireplace and dryer vent. The HVAC system and hot water heater are 3 years old, while the association replaced the roof in 2021. Built in 1985, the condominium offers a renovated residential setting with documented updates and existing appliances.
The property backs to a scenic lake and is located steps from a children’s playground and tennis court. Additional improvements include a skylight, replacement storm door, outdoor rug, and maintained fireplace and dryer vent. The HVAC system and hot water heater are 3 years old, while the association replaced the roof in 2021. Built in 1985, the condominium offers a renovated residential setting with documented updates and existing appliances.
Key Highlights
- End‑unit condominium with loft
- New kitchen with granite countertops, 6‑inch backsplash, white cabinetry, and stainless‑steel appliances
- 20 mil vinyl plank flooring, fresh interior paint, and updated bathroom
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
$12,288
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
4.31%
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%
$245,760
$245.8K
Cap Rate 7%
$175,543
$175.5K
Cap Rate 9%
$136,533
$136.5K
Market Conditions
NOI Build-Up for 1,210 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
$23.7K $19.56/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$22.3K $18.46/SF
− OpEx
−$10.1K −$8.31/SF
NOI
$12.3K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
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%
$245,760
Cap Rate 7%
$175,543
Cap Rate 9%
$136,533
Alternative Uses
Best Use
Apartment 5plus
$175.5K
$153.6K – $204.8K
NOI $12,288 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$306.8K
$268.5K – $357.9K
NOI $21,476 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit condominium with a loft, updated interiors, lake views, and community recreation nearby.
Where is this residential income property located?
The property is located at 67 KNOLL DRIVE Blackwood, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: End‑unit condominium with loft; New kitchen with granite countertops, 6‑inch backsplash, white cabinetry, and stainless‑steel appliances; 20 mil vinyl plank flooring, fresh interior paint, and updated bathroom
