Maple Shade Investment
For Sale
Contact for pricing
2941 NJ-73, Toms River, NJ 08052
Shopping center and office building with income potential in Maple Shade.
Property Size32,160 SF
Price / SF$216.11
Days on Market997
Property Features for 2941 NJ-73
General Information
Standard status
Active
Size
32,160 SF
Class
B
Total Parking Spaces
100
Property subtype
Mixed Use, Office, Retail
Occupancy
92%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$527,100
Building Details
Year Built
1990
Buildings
2
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Andi Pesacov · License #RS210170L
Source:
Crexi
Added: Dec 11, 2023
Changed: Aug 26
Last Checked: Aug 31 at 11:06AM
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.
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
$492,048
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
7.08%
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%
$9,840,960
$9.8M
Cap Rate 7%
$7,029,257
$7.0M
Cap Rate 9%
$5,467,200
$5.5M
Market Conditions
NOI Build-Up for 32,160 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
$964.8K $30.00/SF
− Vacancy
−$308.7K −$9.60/SF
EGI
$656.1K $20.40/SF
− OpEx
−$164.0K −$5.10/SF
NOI
$492.0K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /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%
$9,840,960
Cap Rate 7%
$7,029,257
Cap Rate 9%
$5,467,200
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08052, NJ
20,003
Population
9,401
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,264
Density / Sq Mi
$75,732
Median Household Income
$49,963
Median Earnings
$1,574
Median Rent
$235,500
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.
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — 41 W. Main St Albertsons, Maple Shade, NJ 08052
Frequently Asked Questions
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 Toms River, 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.
