Three-Bedroom Residential Income
For Sale
$272,500
110 LIONHEART LANE, West Deptford, NJ 08086
Condo community features assigned parking, main-floor laundry, sidewalks, playgrounds, and maintained common areas.
Property Size1,279 SF
Price / SF$213.06
Days on Market10
Property Features for 110 LIONHEART LANE
General Information
Standard status
Active
Size
1,279 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,994
Amenities
tot lots
playgrounds
Building Details
Building Size
1,279 SF
Year Built
2005
Listing Agency:
Century 21 Rauh & Johns
(856) 498-8123
Listed By:
Robert Pat Hatalovsky Jr. · License #0339766
(856) 498-8123
Source:
Patmckennarealtors
Added: Aug 13
Changed: Aug 21
Last Checked: Aug 21 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Rauh & Johns
Investment Insights
Based on property information with market context.
This 1,279-square-foot condominium in The Grande at Kingswoods offers three bedrooms and two bathrooms within a residence built in 2005. Interior features include fully carpeted floors, ceiling fans, double-hung windows, and a kitchen with an island, built-in microwave, self-cleaning oven, dishwasher, and refrigerator. The main-floor laundry area includes a washer and gas dryer, while the primary bedroom has a private bathroom.
The community at 110 Lionheart Lane in West Deptford, New Jersey, includes sidewalks, street lighting, tot lots, playgrounds, and assigned parking. Association services cover common-area maintenance, lawn care, snow removal, and trash collection. The property also has access to nearby parks, schools, and recreational facilities.
The community at 110 Lionheart Lane in West Deptford, New Jersey, includes sidewalks, street lighting, tot lots, playgrounds, and assigned parking. Association services cover common-area maintenance, lawn care, snow removal, and trash collection. The property also has access to nearby parks, schools, and recreational facilities.
Key Highlights
- 1,279‑square‑foot condominium with three bedrooms and two bathrooms
- Built in 2005 with fully carpeted interiors, ceiling fans, and double‑hung windows
- Kitchen includes an island, built‑in microwave, self‑cleaning oven, dishwasher, and refrigerator
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
$14,949
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
5.49%
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%
$298,980
$299.0K
Cap Rate 7%
$213,557
$213.6K
Cap Rate 9%
$166,100
$166.1K
Market Conditions
NOI Build-Up for 1,279 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
$28.9K $22.56/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$27.2K $21.25/SF
− OpEx
−$12.2K −$9.56/SF
NOI
$14.9K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$298,980
Cap Rate 7%
$213,557
Cap Rate 9%
$166,100
Alternative Uses
Best Use
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,949 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,095 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 08086, NJ
8,358
Population
3,950
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
1,194
Density / Sq Mi
$88,125
Median Household Income
$52,146
Median Earnings
$1,689
Median Rent
$258,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo community features assigned parking, main-floor laundry, sidewalks, playgrounds, and maintained common areas.
Where is this residential income property located?
The property is located at 110 LIONHEART LANE West Deptford, NJ.
What is the asking price?
The asking price for this property is $272,500.
What are key features of this property?
This property features: 1,279‑square‑foot condominium with three bedrooms and two bathrooms; Built in 2005 with fully carpeted interiors, ceiling fans, and double‑hung windows; Kitchen includes an island, built‑in microwave, self‑cleaning oven, dishwasher, and refrigerator
