Mixed-Use Building with Income
94 E BROWNING Road, Bellmawr, NJ 08031
New
MULTI_FAMILY - Other - BELLMAWR, NJ
Property size:
4,000 SFLot size:
0.13 AcresPrice / SF:
$187/SF- Added:
- May 15, 2026
- Days on Market:
- 3
- Last Refresh:
- May 17 at 6:06 am
Property Features for 94 E BROWNING Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Driveway
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11349
Utilities
- Heating system
- Baseboard, Other (Heating), Electric (Heating)
Building Details
- Year built
- 1955
- Number of units
- 4
- Building materials
- Block
- Architectural style
- Other
Listing agent Nathaniel S Parker License #1967862 (609) 921-4511
Listing office RE/MAX Select - Princeton 343 Nassau Street, Princeton, NJ (609) 921-9202
Listing date May 15, 2026
MLS# NJCD2117796
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High CAP Rate: Current projected CAP rate of 8.5% indicates strong investment potential.
- Fully Leased: 100% occupancy with all 5 units (3 residential, 2 retail) currently leased.
- Increased and Renewed Leases: Leases have been recently increased and renewed, ensuring stable income and easier financing.
- Long‑Term Leases: All units have long‑term written leases in place, providing predictable cash flow.
- Tenant‑Paid Utilities: Tenants are responsible for gas, heat, electric, and water, reducing landlord expenses.
- Potential for Rent Growth: Opportunity to increase rents to full market potential, exceeding $95,000 annually.
Overview
This five-unit mixed-use building in BELLMAWR, NJ, features three residential apartments and two retail storefronts. The property is fully occupied with long-term leases in place. The building generates an annual income of $87,900. The units consist of one one-bedroom, one-bathroom apartment; another one-bedroom, one-bathroom apartment; a three-bedroom, one-bathroom apartment; a nail salon storefront; and an art/tattoo studio storefront. Tenants are responsible for their own gas, heat, electric, hot water, and sub-metered water utilities. The property has undergone several updates, with potential for further rent increases. The property size is 4,000 square feet and the lot size is 0.1288 acres.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$465.0K
NOI $41,850 @ 9.00% cap · cautious / downside scenario
Moderate
$597.9K
NOI $41,850 @ 7.00% cap · market / base-case scenario
Aggressive
$837.0K
NOI $41,850 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $18.00 |
| − Vacancy | −$5.0k | −$1.26 |
| EGI | $67.0k | $16.74 |
| − OpEx | −$25.1k | −$6.28 |
| NOI | $41.9k | $10.46 |
4,000 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Bellmawr
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0751528
- Latitude
- 39.8657366
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Five-unit mixed-use building with long-term leases and income potential.
Where is this mixed-use property located?
The property is located at 94 E BROWNING Road 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: High CAP Rate: Current projected CAP rate of 8.5% indicates strong investment potential.; Fully Leased: 100% occupancy with all 5 units (3 residential, 2 retail) currently leased.; Increased and Renewed Leases: Leases have been recently increased and renewed, ensuring stable income and easier financing.
