Listing Agency: Schneider Real Estate Agency Show Phone

Listed By: Mark A Schneider · License #8533840 Show Phone

Source: Cummingsrealtors

Added: Nov 3 Changed: Nov 4 Last Checked: Nov 4 at 2:39PM

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Investment Insights

Based on property information with market context.

This mixed-use property contains more than 4,000 square feet, with a commercial kitchen, bar and liquor-store equipment, and a two-bedroom apartment. The bar and liquor store are dormant, and a liquor license is included.

The property is across the street from Browns Mills Shopping Center, which is undergoing redevelopment. Plans for the center include a Super Wawa, Taco Bell, and additional businesses. The property is within a redevelopment zone.

Key Highlights

• More than 4,000 square feet of space
• Two‑bedroom apartment on site
• Commercial kitchen and bar and liquor‑store equipment included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,937

Cap Rate

7.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$678,740 $678.7K

Cap Rate 7%

$484,814 $484.8K

Cap Rate 9%

$377,078 $377.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$63.4K $15.84/SF

− Vacancy

−$9.1K −$2.27/SF

EGI

$54.3K $13.57/SF

− OpEx

−$20.4K −$5.09/SF

NOI

$33.9K $8.48/SF

Area

Burlington County, NJ

Vacancy

14.30%

Lease Rate

$15.84 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$678,740

Cap Rate 7%

$484,814

Cap Rate 9%

$377,078

Alternative Uses

Best Use

Retail

$854.5K

$747.7K – $996.9K (±1% cap)

NOI $59,816 @ 7.0% cap · market cap 13.29%

Second Best

Specialty Retail

$736.7K

$644.6K – $859.5K (±1% cap)

NOI $51,570 @ 7.0% cap · market cap 11.46%

Theoretical Best

Warehouse

$8.37M

$7.32M – $9.76M (±1% cap)

NOI $585,615 @ 7.0% cap · market cap 130.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

ATM Atm Ken´s Bar & Grill Bar & Pub

Suggested Use

Top Pick Spa & Massage Center Law Firm Hair Salon Real Estate Agency Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

558

Businesses Nearby

68k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 48% Electronics 2%

McDonald's Dining

16,548 visits/mo 0.4 miles

Wawa Shops & Services

14,784 visits/mo 0.3 miles

Burger King Dining

7,721 visits/mo 0.2 miles

Dunkin' Donuts Dining

7,134 visits/mo 0.4 miles

Shell Shops & Services

5,174 visits/mo 0.3 miles

Demographics for 08015, NJ

19,691

Population

7,864

Households

2.5

Avg Household Size

40

Median Age

19%

College-Educated

87%

High-School Grad

56.2 sq mi

ZIP Area

350

Density / Sq Mi

$78,926

Median Household Income

$42,483

Median Earnings

$1,190

Median Rent

$215,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial kitchen, bar and liquor-store equipment, and a liquor license are included with the property.

Where is this mixed-use property located?

The property is located at 71 PEMBERTON BROWNS MILLS ROAD Browns Mills, NJ.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: More than 4,000 square feet of space; Two‑bedroom apartment on site; Commercial kitchen and bar and liquor‑store equipment included