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    The Largest CRE Database in the US with Over 1 Million Listings

    519 Lakehurst Rd, Unit E Browns Mills, NJ 08015

    Sponsored
    For Lease
    $2,000 /Mo ($0.31 SF/Yr)

    CommercialLease - BROWNS MILLS, NJ

    Type:Retail
    Property size:
    1,000 SF
    Lot size:
    1.76 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 28 at 5:06 pm

    Property Features for 519 Lakehurst Rd

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    20
    Parking features
    Parking Lot
    Size
    1,000 SF
    Lot size
    1.76 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1978
    Building materials
    Block, Concrete

    We can help!

    Listing Contact
    Robert Fink

    Sureway Property Management LLC (856) 552-0505

    Listing agent Robert Fink (856) 924-0738 License #1866139

    Listing date Jan 26, 2026

    MLS# NJBL2104490

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Dry Cleaning/Laundry Opportunity

    This 1,000 square foot commercial space in Browns Mills, NJ, presents a rare opportunity to operate a turnkey dry cleaning and laundry location. The equipment is included with the lease, allowing for capital to be invested in marketing, staffing, and growth. The space features public water and sewer, a rear powder room, and a functional production layout. Equipment includes a NATURA Enhanced dry-cleaning machine (HA 35-N), Forenta steam pressing station, overhead garment conveyor/rail system, industrial boiler/steam utility setup, tailoring/sewing station, and a front counter/customer service area. This setup is ideal for an owner-operator seeking to generate revenue quickly. The lease is $2,000 per month plus a security deposit, with the tenant responsible for equipment maintenance and repairs. A new laundromat is opening next door, potentially creating synergy and demand for garment care services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L&O ChmneyServices Chimney Sweep China King Chinese Restaurant In The Cut Barber Est. ... Barber Shop Lily's Acupressure Massage Spa It Takes a Family Mental Health Service

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Browns Mills
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.55724335
    Latitude
    39.95602417

    Nearby Similar for Lease

    • $3,000 /Mo

      Former Bank Branch with Parking

      Two-story brick building, ample parking, high visibility, multiple uses.
      10 Juliustown Rd, Browns Mills, NJ 08015
      View Details

    FAQs

    What type of property is this?
    Retail space - Turnkey dry cleaning/laundry location with equipment included in lease.
    Where is this retail space located?
    The property is located at 519 Lakehurst Rd, Unit E Browns Mills, NJ.
    What is the lease rate?
    The lease rate is $0.31 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey dry cleaning/laundry operation with equipment included in lease.; - Functional 1,000 SF space with existing production layout, including NATURA dry-cleaning machine, pressing station, and conveyor system.; - Strategic location next to a brand new laundromat, creating built-in synergy and customer demand.
    (856) 363-3000
    Request Owner's contact information
    519 Lakehurst Rd, Unit E Browns Mills, NJ 08015
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    Browns Mills, NJ 08015
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    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
    519 Lakehurst Rd, Unit E Browns Mills, NJ 08015
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    We can help!
    Listing Contact
    Robert Fink
    Real Estate License ID: 1866139
    (856) 363-3000
    Learn more
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