Renovated One-Story Storefront
For Sale
$230,000
7451 MAPLE AVENUE, Pennsauken, NJ 08109
Commercial space currently configured for a hair salon, with updated building systems and interior finishes.
Property Size1,000 SF
Days on Market205
Property Features for 7451 MAPLE AVENUE
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,021
Building Details
Building Size
1,000 SF
Year Built
1958
Year Renovated
2020
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Vanguard Realty Group Inc
(856) 308-5989
Listed By:
Kimberly L Burnett-Thomas · License #0449744
(856) 308-5989
Source:
Patmckennarealtors
Added: Feb 8
Changed: Aug 31
Last Checked: Aug 30 at 10:44PM
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 Vanguard Realty Group Inc
Investment Insights
Based on property information with market context.
This one-story commercial storefront is currently operated as an owner-run hair salon. Existing improvements include wash basins, with some equipment available separately. The property is being offered in its present as-is condition, and the buyer is responsible for confirming permitted use, occupancy requirements, inspections, permits, and related certifications.
The facade was comprehensively renovated in 2020, including the roof, doors, and windows. New vinyl plank flooring was installed in 2025. The building fronts a busy street across from a CVS and The Maples condominium development. Cherry Hill Mall is within 2 miles, while Maple Shade is within 1 mile. The space has been identified for possible salon, barber, spa, suite-rental, events, and professional-office applications, subject to applicable approvals.
The facade was comprehensively renovated in 2020, including the roof, doors, and windows. New vinyl plank flooring was installed in 2025. The building fronts a busy street across from a CVS and The Maples condominium development. Cherry Hill Mall is within 2 miles, while Maple Shade is within 1 mile. The space has been identified for possible salon, barber, spa, suite-rental, events, and professional-office applications, subject to applicable approvals.
Key Highlights
- One‑story commercial storefront currently operating as an owner‑run hair salon
- Facade renovation completed in 2020 with new roof, doors, and windows
- New vinyl plank flooring installed in 2025
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
$9,629
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
4.19%
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%
$192,580
$192.6K
Cap Rate 7%
$137,557
$137.6K
Cap Rate 9%
$106,989
$107.0K
Market Conditions
NOI Build-Up for 1,000 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
$15.0K $15.00/SF
− Vacancy
−$1.2K −$1.25/SF
EGI
$13.8K $13.76/SF
− OpEx
−$4.1K −$4.13/SF
NOI
$9.6K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
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%
$192,580
Cap Rate 7%
$137,557
Cap Rate 9%
$106,989
Alternative Uses
Best Use
Retail
$137.6K
$120.4K – $160.5K
NOI $9,629 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.6K
$221.9K – $295.8K
NOI $17,749 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08109, NJ
23,306
Population
9,314
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,855
Density / Sq Mi
$84,332
Median Household Income
$44,288
Median Earnings
$1,142
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Harris Bouquet — 7616 Maple Ave, Pennsauken Township, NJ 08109
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space currently configured for a hair salon, with updated building systems and interior finishes.
Where is this storefront property located?
The property is located at 7451 MAPLE AVENUE Pennsauken, NJ.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: One‑story commercial storefront currently operating as an owner‑run hair salon; Facade renovation completed in 2020 with new roof, doors, and windows; New vinyl plank flooring installed in 2025
