Maple Shade Investment
2941 NJ-73 Maple Shade, NJ 08052
2941 NJ-73, Maple Shade, NJ, 08052
Contact for pricing
For Sale
Contact for pricing
Pending
Shopping center and office building with income potential in Maple Shade.
Property Size32,160 SF
Days on Market951
Property Features for 2941 NJ-73
General Information
- Standard status
- Pending
- Size
- 32,160 SF
- Property subtype
- Mixed Use, Office, Retail
Listing Agency
KW Commercial
Listed by
Andi Pesacov · License #RS210170L
Source
Crexi
Added: Dec 11, 2023 Checked: Jul 17 at 11:26 am
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 KW Commercial
Investment Insights
Based on property information with market context.
The Maple Shade Shopping Center, located at 2941 NJ-73, Maple Shade, NJ, presents an investment opportunity. The property includes two buildings: a 17,750 square foot shopping center and a 14,410 square foot office building. Constructed in 1990 and 2002, respectively, the shopping center provides 55 parking spaces, while the office building offers 46. The shopping center has five units and one vacant storage unit that could be converted into retail space. The office building is currently occupied by the DEA. The shopping center has a mix of regional, local, and government agency tenants. The property offers potential for increased rental returns.
Key Highlights
- Strong income potential with submarket NNN rents near $19 psf ($610k GPR).
- Office building occupied by the DEA, providing secure government rent.
- Shopping center with 5 units and a vacant storage unit that can be converted into retail space, offering immediate upside.
Local 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 | $964.8k | $30.00 |
| − Vacancy | −$308.7k | −$9.60 |
| EGI | $656.1k | $20.40 |
| − OpEx | −$164.0k | −$5.10 |
| NOI | $492.0k | $15.30 |
32,160 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.03M
$6.15M – $8.20M
NOI $492,048 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$6.56M
$5.74M – $7.65M
NOI $459,029 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$8.40M
$7.35M – $9.80M
NOI $587,833 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Shopping center and office building with income potential in Maple Shade.
Where is this shopping center located?
The property is located at 2941 NJ-73 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Strong income potential with submarket NNN rents near $19 psf ($610k GPR).; Office building occupied by the DEA, providing secure government rent.; Shopping center with 5 units and a vacant storage unit that can be converted into retail space, offering immediate upside.
