Five-Unit Mixed-Use
For Sale
$750,000
Pending
94 E BROWNING RD, Bellmawr, NJ 08031
Three apartments and two storefronts create a fully occupied commercial-residential configuration.
Property Size4,000 SF
Days on Market228
Property Features for 94 E BROWNING RD
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Multi-family
Occupancy
100%
Financials
Cap Rate
8%
Gross Income
$82,500
Units
Unit Mix
2 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Select - Princeton
(609) 921-9202
Listed By:
Nathaniel S Parker · License #1967862
(609) 921-4511
Source:
Towncentermd
Added: Mar 13
Changed: Oct 25
Last Checked: Oct 26 at 3:22PM
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 RE/MAX Select - Princeton
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Investment Insights
Based on property information with market context.
This mixed-use building contains five income-producing units arranged as three apartments and two commercial storefronts. The residential component includes two one-bedroom, one-bath apartments and one three-bedroom, one-bath apartment. Several updates have been completed, while the property retains additional room for further improvements.
The building was constructed in 1955 and is located at 94 East Browning Road in Bellmawr, New Jersey. Exterior features include sidewalks, street lights, exterior lighting, and above- and below-grade elements. The property is zoned COMMERCIAL and is currently fully occupied with no vacant units. Financial performance is represented by an 8% cap rate.
The building was constructed in 1955 and is located at 94 East Browning Road in Bellmawr, New Jersey. Exterior features include sidewalks, street lights, exterior lighting, and above- and below-grade elements. The property is zoned COMMERCIAL and is currently fully occupied with no vacant units. Financial performance is represented by an 8% cap rate.
Key Highlights
- Five‑unit mixed‑use building with three apartments and two commercial storefronts
- Residential mix includes two 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath apartment
- Fully occupied with no vacant units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,850
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,000
$837.0K
Cap Rate 7%
$597,857
$597.9K
Cap Rate 9%
$465,000
$465.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$67.0K $16.74/SF
− OpEx
−$25.1K −$6.28/SF
NOI
$41.9K $10.46/SF
Area
Camden County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,000
Cap Rate 7%
$597,857
Cap Rate 9%
$465,000
Alternative Uses
Best Use
Mixed Use
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$580.3K
$507.8K – $677.0K
NOI $40,622 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,995 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
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Business Placement
Demographics for 08031, NJ
11,707
Population
5,118
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
3,902
Density / Sq Mi
$74,812
Median Household Income
$46,043
Median Earnings
$1,141
Median Rent
$216,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and two storefronts create a fully occupied commercial-residential configuration.
Where is this mixed-use property located?
The property is located at 94 E BROWNING RD Bellmawr, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Five‑unit mixed‑use building with three apartments and two commercial storefronts; Residential mix includes two 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath apartment; Fully occupied with no vacant units
