Freestanding Retail
For Sale
$149,900
870 W Browning Rd, Bellmawr, NJ 08031
Flexible storefront property near major roadways with an oversized rear shed and multiple potential commercial applications.
Property Size1,161 SF
Price / SF$129.11
Days on Market86
Property Features for 870 W Browning Rd
General Information
Standard status
Active
Size
1,161 SF
Building Details
Year Built
1976
Listing Agency:
Coldwell Banker Realty
Listed By:
Carmela M Pirolli · License #0014850
(609) 792-3880
Source:
Lgagne
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 7 at 3:43PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This freestanding storefront property was built in 1976 and includes an oversized shed positioned at the rear of the parcel. The existing layout has supported a doctor's office, while the property information identifies additional potential applications including beauty or nail salon, day care, spa, general retail, and medical office use.
The property is located near major roadways, providing convenient access for customers and employees. Any proposed business may require a variance, and the source information notes that parking conditions will need to be addressed by the purchaser during that process.
The property is located near major roadways, providing convenient access for customers and employees. Any proposed business may require a variance, and the source information notes that parking conditions will need to be addressed by the purchaser during that process.
Key Highlights
- Freestanding storefront property built in 1976
- Oversized shed included at the rear of the property
- Previously operated as a doctor's office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,179
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,580
$223.6K
Cap Rate 7%
$159,700
$159.7K
Cap Rate 9%
$124,211
$124.2K
Market Conditions
NOI Build-Up for 1,161 SF
Gross rent
$17.4K $15.00/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$16.0K $13.76/SF
− OpEx
−$4.8K −$4.13/SF
NOI
$11.2K $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 Rate 5%
$223,580
Cap Rate 7%
$159,700
Cap Rate 9%
$124,211
Alternative Uses
Best Use
Office B
$232.7K
$203.7K – $271.5K
NOI $16,292 @ 7.0% cap · market cap 10.87%
Second Best
Healthcare Medical
$203.5K
$178.1K – $237.4K
NOI $14,244 @ 7.0% cap · market cap 9.50%
Theoretical Best
Office A
$294.4K
$257.6K – $343.4K
NOI $20,606 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08031, NJ
11,707
Population
5,118
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
3,902
Density / Sq Mi
$74,812
Median Household Income
$46,043
Median Earnings
$1,141
Median Rent
$216,500
Median Home Value
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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?
Storefront property - Flexible storefront property near major roadways with an oversized rear shed and multiple potential commercial applications.
Where is this storefront property located?
The property is located at 870 W Browning Rd Bellmawr, NJ.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Freestanding storefront property built in 1976; Oversized shed included at the rear of the property; Previously operated as a doctor's office
