Freestanding Retail
For Sale
$175,000
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$150.73
Days on Market40
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
(609) 792-3880
Listed By:
Carmela M Pirolli · License #0014850
Source:
Lgagne
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 12:46PM
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 = 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
$14,244
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
8.14%
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%
$284,880
$284.9K
Cap Rate 7%
$203,486
$203.5K
Cap Rate 9%
$158,267
$158.3K
Market Conditions
NOI Build-Up for 1,161 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
$27.9K $24.00/SF
− Vacancy
−$4.1K −$3.55/SF
EGI
$23.7K $20.45/SF
− OpEx
−$9.5K −$8.18/SF
NOI
$14.2K $12.27/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$284,880
Cap Rate 7%
$203,486
Cap Rate 9%
$158,267
Alternative Uses
Best Use
Office B
$232.7K
$203.7K – $271.5K
NOI $16,292 @ 7.0% cap · market cap 9.31%
Second Best
Healthcare Medical
$203.5K
$178.1K – $237.4K
NOI $14,244 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$294.4K
$257.6K – $343.4K
NOI $20,606 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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?
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 $175,000.
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
