Standalone Mixed-Use
For Sale
Contact for pricing
6702 WASHINGTON AVE, Egg Harbor Township, NJ 08234
Standalone commercial building with mixed-use zoning, office occupancy, and additional space for expansion or future leasing.
Property Size3,200 SF
Price / SF$171.88
Days on Market119
Property Features for 6702 WASHINGTON AVE
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
14
Property subtype
Mixed Use
Zoning
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
1
Units
14
Building Size
3,200 SF
Listing Agency:
The Hartman Home Team
Listed By:
John Swift · License #2328537
Source:
Crexi
Added: May 5
Changed: Aug 30
Last Checked: Aug 30 at 5:49PM
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 The Hartman Home Team
Investment Insights
Based on property information with market context.
This standalone 3,200-square-foot commercial building is designated for mixed use and includes office space within a flexible layout. The existing office area is leased, while additional space remains available for expansion, owner use, or separate leasing. Fourteen on-site parking spaces support day-to-day access for occupants and visitors.
The property fronts Washington Avenue and is directly visible from the heavily traveled Black Horse Pike. Its location is just minutes from the Atlantic City Expressway and Garden State Parkway, providing convenient regional access. The building combines an existing office component with available space and a prominent roadside position.
The property fronts Washington Avenue and is directly visible from the heavily traveled Black Horse Pike. Its location is just minutes from the Atlantic City Expressway and Garden State Parkway, providing convenient regional access. The building combines an existing office component with available space and a prominent roadside position.
Key Highlights
- 3,200‑square‑foot standalone mixed‑use building
- Mixed Use zoning supports a flexible commercial configuration
- Existing office space is leased, with additional space available
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
$47,520
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
8.64%
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%
$950,400
$950.4K
Cap Rate 7%
$678,857
$678.9K
Cap Rate 9%
$528,000
$528.0K
Market Conditions
NOI Build-Up for 3,200 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
$86.4K $27.00/SF
− Vacancy
−$10.4K −$3.24/SF
EGI
$76.0K $23.76/SF
− OpEx
−$28.5K −$8.91/SF
NOI
$47.5K $14.85/SF
Area
Atlantic County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
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%
$950,400
Cap Rate 7%
$678,857
Cap Rate 9%
$528,000
Alternative Uses
Best Use
Mixed Use
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 8.64%
Second Best
Office B
$669.8K
$586.1K – $781.4K
NOI $46,884 @ 7.0% cap · market cap 8.52%
Theoretical Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,416 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 08234, NJ
46,906
Population
17,728
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
60.7 sq mi
ZIP Area
773
Density / Sq Mi
$96,604
Median Household Income
$46,070
Median Earnings
$1,466
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Standalone commercial building with mixed-use zoning, office occupancy, and additional space for expansion or future leasing.
Where is this mixed-use property located?
The property is located at 6702 WASHINGTON AVE Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,200‑square‑foot standalone mixed‑use building; Mixed Use zoning supports a flexible commercial configuration; Existing office space is leased, with additional space available
