East Ridge Plaza
For Sale
Contact for pricing
Pending
621 Beverly Rancocas Rd 1H 1G 1F Willingboro NJ, Willingboro, NJ 08046
Retail/office space in a high-visibility shopping center.
Property Size5,612 SF
Days on Market1107
Property Features for 621 Beverly Rancocas Rd 1H 1G 1F Willingboro NJ
General Information
Standard status
Pending
Size
5,612 SF
Property subtype
Office
Zoning
Commercial Business
Building Details
Units
3
Listing Agency:
Eagle Commercial Real Estate
Listed By:
Anthony Pustizzi · License #NJ L0562601
(856) 985-8565
Source:
Crexi
Added: Aug 28, 2023
Changed: Aug 8
Last Checked: Jul 24 at 3:17PM
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
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
$50,346
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
6.90%
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%
$1,006,920
$1.0M
Cap Rate 7%
$719,229
$719.2K
Cap Rate 9%
$559,400
$559.4K
Market Conditions
NOI Build-Up for 5,612 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
$75.4K $13.44/SF
− Vacancy
−$8.3K −$1.48/SF
EGI
$67.1K $11.96/SF
− OpEx
−$16.8K −$2.99/SF
NOI
$50.3K $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%
$1,006,920
Cap Rate 7%
$719,229
Cap Rate 9%
$559,400
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 08046, NJ
31,846
Population
11,482
Households
2.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,190
Density / Sq Mi
$91,447
Median Household Income
$43,438
Median Earnings
$1,941
Median Rent
$240,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
