Main-Floor Residential Income
For Sale
$240,000
721 SEDGEWICK COURT, Sewell, NJ 08080
Two-bedroom, two-bath end unit with an eat-in kitchen, covered patio, and landscaped surroundings.
Property Size1,104 SF
Days on Market56
Property Features for 721 SEDGEWICK COURT
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,401
Amenities
covered patio
landscaped grounds
Building Details
Building Size
1,104 SF
Year Built
1985
Listing Agency:
Keypoint Realty LLC
(732) 534-5300
Listed By:
Yosef Beane · License #344874
(732) 534-5300
Source:
Patmckennarealtors
Added: Jun 12
Changed: Aug 4
Last Checked: Aug 6 at 4:07AM
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 Keypoint Realty LLC
Investment Insights
Based on property information with market context.
Built in 1985, this main-floor end unit provides a two-bedroom, two-bath layout with a generous combined living and dining area. The eat-in kitchen supports everyday use, while the primary bedroom includes a private bathroom. A covered patio extends the usable living area, and the property includes nearby parking within landscaped grounds.
The residence is positioned near shopping, restaurants, and major roads. It is offered as-is, with the purchaser responsible for CO requirements. The property is located at 721 Sedgewick Court in Sewell, New Jersey.
The residence is positioned near shopping, restaurants, and major roads. It is offered as-is, with the purchaser responsible for CO requirements. The property is located at 721 Sedgewick Court in Sewell, New Jersey.
Key Highlights
- Main‑floor end unit at 721 Sedgewick Court, Sewell, NJ 08080
- Two bedrooms and two baths
- Spacious combined living and dining area
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
$12,904
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
5.38%
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%
$258,080
$258.1K
Cap Rate 7%
$184,343
$184.3K
Cap Rate 9%
$143,378
$143.4K
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
$24.9K $22.56/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$23.5K $21.25/SF
− OpEx
−$10.6K −$9.56/SF
NOI
$12.9K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /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%
$258,080
Cap Rate 7%
$184,343
Cap Rate 9%
$143,378
Alternative Uses
Best Use
Apartment 5plus
$184.3K
$161.3K – $215.1K
NOI $12,904 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath end unit with an eat-in kitchen, covered patio, and landscaped surroundings.
Where is this residential income property located?
The property is located at 721 SEDGEWICK COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Main‑floor end unit at 721 Sedgewick Court, Sewell, NJ 08080; Two bedrooms and two baths; Spacious combined living and dining area
