East Ridge Plaza
621 Beverly Rancocas Rd 1H 1G 1F Willingboro NJ Willingboro, NJ 08046
For Sale
Contact for pricing
Pending
Retail/office space in a high-visibility shopping center.
Property Size5,612 SF
Days on Market1062
Property Features for 621 Beverly Rancocas Rd 1H 1G 1F Willingboro NJ
General Information
- Standard status
- Pending
- Size
- 5,612 SF
- Property subtype
- Office
Listing Agency:
Eagle Commercial Real Estate
(856) 985-8565
Listed By:
Anthony Pustizzi · License #NJ L0562601
Source:
Crexi
Added: Aug 28, 2023
Changed: Jul 6
Last Checked: Jul 23 at 4:33PM
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 Eagle Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the East Ridge Plaza Shopping Center, this 5,612 square foot retail/office space offers high visibility on Beverly Rancocas Road. The shopping center's location is intended to serve the surrounding residential and business communities. Amenities include renovated facades, ample paved parking, handicap parking, and exterior signage. The multi-office space currently operates as a Lending Center but can be modified to accommodate various layouts. This location is suitable for existing businesses seeking increased exposure or start-up businesses aiming to capitalize on the strategic location. The property is located minutes from major highways, including 295, the New Jersey Turnpike, and Route 130, as well as bridge options for commuting between New Jersey and the Philadelphia region.
Key Highlights
- Prime 5,612 SF Retail/Office location with outstanding visibility.
- Strategic location in the East Ridge Plaza Shopping Center serving residential and business communities.
- Easy access to major highways (295, NJ TNPK, Rt 130) and bridges to Philadelphia.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.4k | $13.44 |
| − Vacancy | −$8.3k | −$1.48 |
| EGI | $67.1k | $11.96 |
| − OpEx | −$16.8k | −$2.99 |
| NOI | $50.3k | $8.97 |
5,612 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,922 @ 7.0% cap · market cap 11.50%
Second Best
Office B
$719.2K
$629.3K – $839.1K
NOI $50,346 @ 7.0% cap · market cap 6.90%
Theoretical Best
Warehouse
$11.74M
$10.27M – $13.69M
NOI $821,617 @ 7.0% cap · market cap 112.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Retail/office space in a high-visibility shopping center.
Where is this retail space located?
The property is located at 621 Beverly Rancocas Rd 1H 1G 1F Willingboro NJ Willingboro, NJ.
What is the asking price?
The asking price for this property is $729,500.
What are key features of this property?
This property features: Prime 5,612 SF Retail/Office location with outstanding visibility.; Strategic location in the East Ridge Plaza Shopping Center serving residential and business communities.; Easy access to major highways (295, NJ TNPK, Rt 130) and bridges to Philadelphia.
