Live-Work Shop with
For Sale
$300,000
820 Oakland Avenue, Burlington, NJ 08016
High-clearance garage features dual 10-foot overhead doors and a front-to-back pull-through layout for vehicle rotation.
Property Size2,925 SF
Price / SF$102.56
Days on Market125
Property Features for 820 Oakland Avenue
General Information
Standard status
Active
Size
2,925 SF
Total Parking Spaces
10
Property subtype
Multi-Family / Fee Simple
Zoning
R-2
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Service Bays
1
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,975
Amenities
No
Bathroom - Stall Shower, Floor Plan - Open, Other
No Pool
Building Details
Year Built
1950
Listing Agency:
RE/MAX World Class Realty
Listed By:
Ronald Palentchar · License #0015912
(609) 923-4013
Source:
Compass
Added: May 8
Changed: Sep 8
Last Checked: Jul 23 at 8:10AM
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 RE/MAX World Class Realty
Investment Insights
Based on property information with market context.
This live-work property combines an expansive, high-clearance shop with a private office suite and residential-style amenities. The garage includes dual 10-foot overhead doors and a front-to-back pull-through design for easier vehicle movement and ventilation. The shop is equipped with a professional-grade car lift. A dedicated private office suite with two rooms supports day-to-day management, client meetings, or administrative work, and the property includes one full bathroom plus an additional half-bath.
The garage opens to a fully fenced-in backyard, providing a secure outdoor area for storage or private use.
The overall configuration is designed to support hands-on automotive or specialized trade work alongside a separated office area within the same property.
The garage opens to a fully fenced-in backyard, providing a secure outdoor area for storage or private use.
The overall configuration is designed to support hands-on automotive or specialized trade work alongside a separated office area within the same property.
Key Highlights
- Expansive high‑clearance garage with dual 10‑foot overhead doors
- Front‑to‑back pull‑through garage layout supports vehicle rotation and ventilation
- Professional‑grade car lift included in the shop 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
$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
Retail
$624.9K
$546.8K – $729.0K
NOI $43,740 @ 7.0% cap · market cap 14.58%
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
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
1
Service bays
2
Office units
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Live-work space - High-clearance garage features dual 10-foot overhead doors and a front-to-back pull-through layout for vehicle rotation.
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: Expansive high‑clearance garage with dual 10‑foot overhead doors; Front‑to‑back pull‑through garage layout supports vehicle rotation and ventilation; Professional‑grade car lift included in the shop area
