92-Room Hotel on 3.22
1132 Route 73 Mount Laurel, NJ 08054
For Sale
$6,200,000
COMMERCIAL - Mount Laurel, NJ
Property Size41,148 SF
Lot Size2.42 Acres
Price / SF$150.68
Days on Market123
Property Features for 1132 Route 73
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 131
- Standard status
- Active
- APN
- 24-01306-01-00007-02
- Size
- 41,148 SF
- Lot size
- 2.42 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 125070
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
Listing Agency:
Keller Williams Realty Freehold
(732) 536-9010
Listed By:
Iftikhar Haq · License #0789304
(732) 536-9010
Added: Mar 24
Changed: May 11
Last Checked: Jul 24 at 8:06AM
MLS# 22607780
Copyright © 2026 More 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.
The Rodeway Inn Mount Laurel Hwy 73 is a 92-room, economy-class hotel located at 1132 Route 73, Mount Laurel, NJ 08054. The property is situated on a 3.22-acre suburban lot and is a franchise-operated facility under Choice Hotels International. The building is a two-story, exterior corridor design constructed with reinforced concrete. The property has 41148 square feet of space. Following an initial renovation in 2012, the property underwent extensive capital improvements in 2023, including the installation of a new boiler, comprehensive new plumbing, and new PTAC units in all guest rooms. The location sees nearly 65,000 vehicles daily and a local economy with over 70,000 daytime employees within a three-mile radius.
Key Highlights
- High‑traffic location on Route 73 with approximately 65,000 vehicles passing daily
- Recent extensive capital improvements in 2023, including new boiler, comprehensive plumbing, and PTAC units in all rooms
- Located on a 3.22‑acre lot in a suburban area
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $553.0k | $13.44 |
| − Vacancy | −$79.1k | −$1.92 |
| EGI | $473.9k | $11.52 |
| − OpEx | −$248.8k | −$6.05 |
| NOI | $225.1k | $5.47 |
41,148 SF · lease $13.44/SF/yr · vacancy 14.30% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$3.22M
$2.81M – $3.75M
NOI $225,124 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$86.06M
$75.30M – $100.40M
NOI $6,024,218 @ 7.0% cap · market cap 97.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Motels
Similar Off Market Nearby
- Hyatt Place Mt. Laurel — 8000 Crawford Pl, Mt Laurel Township, NJ 08054
- Sonesta Simply Suites Philadelphia Mount Laurel — 4000 Crawford Pl, Mt Laurel Township, NJ 08054
- Hyatt House Mt. Laurel — 3000 Crawford Pl, Mt Laurel Township, NJ 08054
- Extended Stay America - Philadelphia - Mt. Laurel - Crawford Place — 101 Diemer Dr, Mt Laurel Township, NJ 08054
- Extended Stay America - Philadelphia - Mt. Laurel - Pacilli Place — 500 Diemer Dr, Mt Laurel Township, NJ 08054
FAQs
What type of property is this?
Motel - 92-room hotel on 3.22 acres in Mount Laurel, NJ.
Where is this motel located?
The property is located at 1132 Route 73 Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: High‑traffic location on Route 73 with approximately 65,000 vehicles passing daily; Recent extensive capital improvements in 2023, including new boiler, comprehensive plumbing, and PTAC units in all rooms; Located on a 3.22‑acre lot in a suburban area
