Mixed-Use Building with Retail
For Sale
Under Contract
$750,000
94 E BROWNING Road, Bellmawr, NJ 08031
Multi-Family, BELLMAWR, NJ
Property Size4,000 SF
Lot Size0.13 Acres
Price / SF$187.50
Days on Market161
Property Features for 94 E BROWNING Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, On Street
Elementary school district
BELLMAWR PUBLIC SCHOOLS
Middle school district
BELLMAWR PUBLIC SCHOOLS
High school district
BELLMAWR PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
4,000 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
11349
Utilities
Heating system
Other (Heating), Electric (Heating), Baseboard
Building Details
Year built
1955
Number of units
4
Building materials
Block
Architectural style
Other
Listing Agency:
RE/MAX Select - Princeton · RE/MAX International
(609) 921-9202
Listed By:
Nathaniel S Parker · License #1967862
(609) 921-4511
Added: May 15
Changed: Oct 21
Last Checked: Oct 22 at 3:06PM
MLS# NJCD2117796
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.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot mixed-use building contains five units: three apartments and two retail storefronts. The apartment mix includes two one-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit. The storefronts are occupied by a nail salon and an art and tattoo studio. Built in 1955 with block construction, the property sits on 0.1288 acres and has a driveway plus on-street parking.
All five units are occupied under long-term written leases, and the reported capitalization rate is 8.5%. Tenants pay for gas, heat, electricity, hot water, and sub-metered water. Recent updates have been made to the building.
All five units are occupied under long-term written leases, and the reported capitalization rate is 8.5%. Tenants pay for gas, heat, electricity, hot water, and sub-metered water. Recent updates have been made to the building.
Key Highlights
- 5‑unit mixed‑use property with 3 apartments and 2 retail storefronts
- 4,000 square feet on 0.1288 acres
- Current occupancy across all five units; long‑term written leases
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 are leased, with tenants responsible for their own utilities.
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: 5‑unit mixed‑use property with 3 apartments and 2 retail storefronts; 4,000 square feet on 0.1288 acres; Current occupancy across all five units; long‑term written leases
