Live-Work Ranch with Shop
For Sale
Under Contract
$300,000
820 OAKLAND Avenue, Burlington, NJ 08016
MULTI_FAMILY - Ranch - BURLINGTON, NJ
Property Size2,925 SF
Lot Size0.23 Acres
Price / SF$102.56
Days on Market93
Property Features for 820 OAKLAND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Parking
10
Parking features
On Street, Fenced, Driveway, Paved or Surfaced
Interior features
Bathroom - Stall Shower, Floor Plan - Open
Subdivision
NONE AVA ILABLE
Elementary school district
BURLINGTON CITY SCHOOLS
Middle school district
BURLINGTON CITY SCHOOLS
High school district
BURLINGTON CITY SCHOOLS
Standard status
Active Under Contract
Size
2,925 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
4975
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Number of units
2
Building materials
Block
Architectural style
Ranch
Listing Agency:
RE/MAX World Class Realty
(609) 386-1636
Listed By:
Ronald Palentchar · License #0015912
(609) 923-4013
Added: May 9
Changed: Jul 13
Last Checked: Aug 9 at 6:06PM
MLS# NJBL2111662
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style live-work property includes a pull-through shop and office area. The space was historically structured as two separate units, with the potential to be converted back into two distinct units identified as 818 and 820.
The property is located at 820 Oakland Avenue in Burlington, New Jersey. It sits on a 0.2295-acre lot and has an indicated property size of 2,925 square feet.
Because any conversion would require municipal review, the buyer is responsible for conducting their own due diligence regarding zoning, permits, and conversion requirements with the municipality.
The property is located at 820 Oakland Avenue in Burlington, New Jersey. It sits on a 0.2295-acre lot and has an indicated property size of 2,925 square feet.
Because any conversion would require municipal review, the buyer is responsible for conducting their own due diligence regarding zoning, permits, and conversion requirements with the municipality.
Key Highlights
- Ranch home built in 1950 with block construction
- Interior features include an open floor plan and a bathroom stall shower
- Forced‑air heating
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
$26,241
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
8.75%
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%
$524,820
$524.8K
Cap Rate 7%
$374,871
$374.9K
Cap Rate 9%
$291,567
$291.6K
Market Conditions
NOI Build-Up for 2,925 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
$39.3K $13.44/SF
− Vacancy
−$4.3K −$1.48/SF
EGI
$35.0K $11.96/SF
− OpEx
−$8.7K −$2.99/SF
NOI
$26.2K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
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%
$524,820
Cap Rate 7%
$374,871
Cap Rate 9%
$291,567
Alternative Uses
Best Use
Industrial
$5.04M
$4.41M – $5.88M
NOI $352,661 @ 7.0% cap · market cap 117.55%
Second Best
Multifamily LT 5
$598.8K
$524.0K – $698.6K
NOI $41,917 @ 7.0% cap · market cap 13.97%
Theoretical Best
Warehouse
$6.12M
$5.35M – $7.14M
NOI $428,231 @ 7.0% cap · market cap 142.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Ranch-style live-work property with pull-through shop and office, historically configured as two units that may be reconverted.
Where is this live-work space located?
The property is located at 820 OAKLAND Avenue Burlington, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Ranch home built in 1950 with block construction; Interior features include an open floor plan and a bathroom stall shower; Forced‑air heating
