Office Building with Onsite
For Sale
$599,000
903 BOULEVARD ROUTE 50, Mays Landing, NJ 08330
Professional office property on nearly an acre with parking for clients, employees, and visitors.
Property Size1,560 SF
Price / SF$383.97
Days on Market8
Property Features for 903 BOULEVARD ROUTE 50
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Office
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,293
Amenities
A/C - Other
3
Parking.
Lot.
200.00 x 212.00
Building Details
Year Built
1994
Listing Agency:
EXP Realty, LLC
(856) 333-3760
Listed By:
Carlo Drogo
(856) 333-3760
Source:
Xome
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 29 at 7:51AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This office property includes 1,560 SF of professional space on nearly an acre of land. Built in 1994, the building formerly operated as a bank and provides onsite parking for clients, employees, and visitors.
The property is positioned along Route 50 in the Belcoville section of Weymouth Township, just outside Route 40 and near Mays Landing in Atlantic County. Its office configuration and substantial land component support a range of professional commercial uses, subject to applicable approvals.
The property is positioned along Route 50 in the Belcoville section of Weymouth Township, just outside Route 40 and near Mays Landing in Atlantic County. Its office configuration and substantial land component support a range of professional commercial uses, subject to applicable approvals.
Key Highlights
- 1,560 SF of office space
- Nearly an acre of land
- Onsite parking for clients, employees, and visitors
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
$24,995
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
4.17%
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%
$499,900
$499.9K
Cap Rate 7%
$357,071
$357.1K
Cap Rate 9%
$277,722
$277.7K
Market Conditions
NOI Build-Up for 1,560 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
$35.0K $22.44/SF
− Vacancy
−$1.7K −$1.08/SF
EGI
$33.3K $21.36/SF
− OpEx
−$8.3K −$5.34/SF
NOI
$25.0K $16.02/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /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%
$499,900
Cap Rate 7%
$357,071
Cap Rate 9%
$277,722
Alternative Uses
Best Use
Specialty Retail
$357.1K
$312.4K – $416.6K
NOI $24,995 @ 7.0% cap · market cap 4.17%
Second Best
Retail
$333.3K
$291.6K – $388.8K
NOI $23,328 @ 7.0% cap · market cap 3.89%
Theoretical Best
Warehouse
$501.9K
$439.2K – $585.6K
NOI $35,134 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 08330, NJ
29,548
Population
12,800
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
127.4 sq mi
ZIP Area
232
Density / Sq Mi
$82,981
Median Household Income
$40,880
Median Earnings
$1,576
Median Rent
$230,700
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?
Office building - Professional office property on nearly an acre with parking for clients, employees, and visitors.
Where is this office building located?
The property is located at 903 BOULEVARD ROUTE 50 Mays Landing, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,560 SF of office space; Nearly an acre of land; Onsite parking for clients, employees, and visitors
