Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unique Multi-Building Property on 10+ Acres Title is generated by Realmo AI

    40-28 CONROW ROAD, Delran, NJ 08075

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    CommercialSale - DELRAN, NJ

    Property size:
    16,000 SF
    Lot size:
    10.97 Acres
    Price / SF:
    $150/SF
    Added:
    Oct 27, 2025
    Days on Market:
    207
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 40-28 CONROW ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    16,000 SF
    Lot size
    10.97 Acres

    Taxes and HOA fees

    Tax Annual Amount
    35457

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1881
    Architectural style
    Other

    We can help!

    Listing Contact
    Sid Benstead

    Listing agent Sid Benstead

    Listing office BHHS Fox & Roach Marlton-Voorhees Home Marketing Center 7000 Lincoln Drive East Suite 106, NJ

    Listing date Oct 27, 2025

    MLS# NJBL2098370 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10.95 acres of land
    • Victorian mansion with 6 bedrooms
    • Additional 2 houses on the property
    • 16,000+\/- sq. ft. office/school building
    • Inground pool
    • Workshop and garage

    Overview

    This unique property is situated on 10.97 acres of land and includes a Victorian mansion featuring four bedrooms on the second floor and two bedrooms on the third floor. In addition to the main house, the property also contains two additional houses and a 16,000+ square foot office/school building. The main house includes an in-ground pool, workshop, and garage. Ample parking is available in the parking lot designated for the office/school building. Prospective buyers are required to obtain necessary approvals from the township for their intended use. The tax map and zoning permitted uses are attached. This property presents considerable potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delran
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.94849
    Latitude
    40.003195

    Nearby Similar for Sale

    • $1,425,000
      15,000 SF

      Versatile Industrial Building in Delran

      15,000 SF industrial building on 1.8 acres for sale.
      62 Suburban Blvd, DELRAN, NJ 08075
      View Details
    • $640,000

      Turnkey Multi-Use Commercial Property

      High-quality, multi-use commercial property in Delran, suitable for various businesses.
      75 Hartford Rd, DELRAN, NJ 08075
      View Details
    • $350,000

      Café with Highway Exposure

      Café for sale with high-visibility highway exposure.
      5014 ROUTE 130, DELRAN, NJ 08075
      View Details
    • $895,900
      2,100 SF

      Custom-Built Office Building For Sale

      2,100 sq ft custom office building with expansion potential.
      1381 Fairview Blvd, Delran, NJ 08075
      View Details
    • Contact for pricing

      Retail Space on Route 130

      Retail space available in South Jersey retail hub.
      5011 Route 130, Delran, NJ 08075
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Delran, New Jersey.
      1320 Fairview Blvd, Delran, NJ 08075
      View Details
    • Contact for pricing
      17,801 SF

      Delran Industrial/Office Flex Space

      17,801 SF flex space with warehouse and office components.
      1803 Underwood Blvd, Delran, NJ
      View Details

    FAQs

    What type of property is this?
    School - Victorian mansion, additional houses, and a 16,000+ sq ft building.
    Where is this school located?
    The property is located at 40-28 CONROW ROAD Delran, NJ.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 10.95 acres of land; Victorian mansion with **6 bedrooms**; Additional 2 houses on the property
    (856) 810-5300
    We can help!
    Listing Contact
    Sid Benstead
    Real Estate License ID: RS361696
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40-28 CONROW ROAD, DELRAN, NJ 08075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!