Five-Unit Mixed-Use
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 Market106
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
Electric (Heating), Baseboard, Other (Heating)
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: Aug 19
Last Checked: Aug 28 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This 4,000-square-foot mixed-use building contains five leased units: three residential apartments and two ground-level retail storefronts. The apartment mix includes two one-bedroom, one-bath units and one three-bedroom, one-bath unit. The commercial spaces are occupied by a nail salon and an art/tattoo studio. Constructed in 1955 with block construction, the property includes electric baseboard heating and a combination of driveway and on-street parking.
All five units are occupied, with leases recently renewed and extended into longer terms. The property is situated on a 0.1288-acre parcel at 94 E Browning Road in Bellmawr, Camden County, New Jersey. Tenants separately pay gas, heat, electric, hot water, and sub-metered water expenses. The current projected cap rate is 8.5%, based on stated income and expenses.
All five units are occupied, with leases recently renewed and extended into longer terms. The property is situated on a 0.1288-acre parcel at 94 E Browning Road in Bellmawr, Camden County, New Jersey. Tenants separately pay gas, heat, electric, hot water, and sub-metered water expenses. The current projected cap rate is 8.5%, based on stated income and expenses.
Key Highlights
- Five‑unit building with 3 residential apartments and 2 retail storefronts
- 4,000 square feet on a 0.1288‑acre parcel
- All 5 units occupied with recently renewed, long‑term written leases
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
$41,850
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
5.58%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased configuration combines residential apartments with retail storefronts under long-term written leases.
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: Five‑unit building with 3 residential apartments and 2 retail storefronts; 4,000 square feet on a 0.1288‑acre parcel; All 5 units occupied with recently renewed, long‑term written leases
