Freestanding Commercial
For Sale
$349,500
717 6TH AVE, Galloway, NJ 08205
Freestanding building on a corner lot with ample on-site parking and flexible commercial use options.
Property Size1,104 SF
Lot Size1.35 Acres
Price / SF$316.58
Days on Market28
Property Features for 717 6TH AVE
General Information
Standard status
Active
Size
1,104 SF
Lot size
1.35 Acres
Property subtype
Retail
Site & Location
Traffic Count
40,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,929
Amenities
Window Air Conditioning
3
Other
Pitched
Parking.
Driveway, Lot.
Other.
Building Details
Year Built
1920
Listing Agency:
BHHS Fox & Roach-Northfield
(609) 226-6680
Listed By:
Richard Baehrle · License #8436462
(609) 226-6680
Source:
Xome
Added: Jul 15
Changed: Aug 8
Last Checked: Aug 11 at 5:35AM
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 BHHS Fox & Roach-Northfield
Investment Insights
Based on property information with market context.
This freestanding commercial building sits on a 1.35± acre corner lot and offers 1,104± SF of adaptable space. The property is originally built in 1850 and provides flexibility for a wide range of commercial applications, including retail, office, medical, professional, boutique, showroom, studio, service, contractor, or mixed commercial use, subject to required municipal approvals.
The building is positioned just off US Route 30 (White Horse Pike), with traffic counts approaching 40,000 vehicles per day, supporting strong visibility. The site also includes ample on-site parking and offers convenient accessibility to regional destinations, including Stockton University, AtlantiCare Regional Medical Center, Atlantic City International Airport (ACY), the FAA William J. Hughes Technical Center (FAATC), and the Garden State Parkway.
The property’s combination of historic character and practical functionality makes it well-suited for users seeking a standalone presence with room to align the space to their business needs, pending approval requirements.
The building is positioned just off US Route 30 (White Horse Pike), with traffic counts approaching 40,000 vehicles per day, supporting strong visibility. The site also includes ample on-site parking and offers convenient accessibility to regional destinations, including Stockton University, AtlantiCare Regional Medical Center, Atlantic City International Airport (ACY), the FAA William J. Hughes Technical Center (FAATC), and the Garden State Parkway.
The property’s combination of historic character and practical functionality makes it well-suited for users seeking a standalone presence with room to align the space to their business needs, pending approval requirements.
Key Highlights
- 1,104 SF freestanding commercial building on a 1.35± acre corner lot with flexible commercial use options
- Multiple commercial uses allowed per listing: retail, office, medical, professional, boutique, showroom, studio, service, contractor, or mixed use (subject to approvals)
- Ample on‑site parking with driveway and lot parking, plus roof described as pitched
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
$10,607
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
3.03%
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%
$212,140
$212.1K
Cap Rate 7%
$151,529
$151.5K
Cap Rate 9%
$117,856
$117.9K
Market Conditions
NOI Build-Up for 1,104 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
$16.6K $15.00/SF
− Vacancy
−$1.4K −$1.28/SF
EGI
$15.2K $13.73/SF
− OpEx
−$4.5K −$4.12/SF
NOI
$10.6K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$212,140
Cap Rate 7%
$151,529
Cap Rate 9%
$117,856
Alternative Uses
Best Use
Retail
$151.5K
$132.6K – $176.8K
NOI $10,607 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$411.1K
$359.7K – $479.7K
NOI $28,779 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 08205, NJ
28,666
Population
11,660
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
681
Density / Sq Mi
$88,636
Median Household Income
$45,611
Median Earnings
$1,527
Median Rent
$263,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building on a corner lot with ample on-site parking and flexible commercial use options.
Where is this retail space located?
The property is located at 717 6TH AVE Galloway, NJ.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 1,104 SF freestanding commercial building on a 1.35± acre corner lot with flexible commercial use options; Multiple commercial uses allowed per listing: retail, office, medical, professional, boutique, showroom, studio, service, contractor, or mixed use (subject to approvals); Ample on‑site parking with driveway and lot parking, plus roof described as pitched
