Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Evesham N Locust Ave Marlton, NJ 08053

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Exceptional retail opportunity with high visibility and access.

    We can help!

    Listing Contact
    Bradley Schwartz
    Source: Rdmanagement

    Listing Agent: Bradley Schwartz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Location in Evesham

    Located at the intersection of State Highway 70 and N Locust Avenue in Evesham (Marlton), NJ, this property offers a premier leasing opportunity. It is an ideal location for retail or strip center tenants, boasting prime visibility and access. The expansive storefront provides ample display space, while the modern design and ample parking ensure convenience for both customers and tenants. The property's strategic placement in a high-traffic area offers a lucrative opportunity for businesses to thrive in a dynamic commercial environment. The Shoppes at Renaissance Square is your gateway to a bustling community. This prime retail destination is surrounded by a wealth of attractions, including nearby landmarks such as Promenade at Sagemore, offering an upscale shopping experience, and popular dining spots like Bonefish Grill and Redstone American Grill. The area provides an ideal setting for retailers seeking a dynamic and thriving market, with a strong residential and commercial presence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Marlton
    County
    Camden
    State
    New Jersey
    Longitude
    -74.8969
    Latitude
    39.8786

    Nearby Similar for Lease

    • $1,500 /Mo
      21,780 SF

      Historic Marlton Commercial Space Available

      Versatile commercial space in the heart of Historic Marlton District.
      25 E Main St, Marlton, NJ 08053
      View Details
    • New
      $5 SF/Yr

      Marlton Shared Office Space Available

      Renovated shared office space with private offices for immediate occupancy.
      750 B Walk, Marlton, NJ 08053
      View Details
    • $600 /Mo
      15,246 SF

      Marlton Office Rooms For Lease

      Three private office rooms available for lease in Marlton, NJ.
      111 Church Rd, Marlton, NJ 08053
      View Details
    • $700 /Mo
      19,166 SF

      Evesham Office Suite For Lease

      Office suite in historic Marlton commercial building available for lease.
      35 E Main St Unit, Evesham, NJ 08053
      View Details
    • Contact for pricing

      Prime Retail Space in Marlton

      High-visibility retail property in bustling Marlton, NJ.
      73 | Sunbird Plz Rte, Marlton, NJ 08053
      View Details
    • Contact for pricing
      30,000 SF

      Medical Arts Building Space Available

      Newly constructed medical building with spaces for rent.
      95 Marlton Pike West, Marlton, NJ 08053
      View Details
    • Contact for pricing
      3,990 SF

      Class A Office in Marlton

      Premier office building in Marlton Business District with modern amenities.
      1 Holtec Dr, Marlton, NJ
      View Details
    • Contact for pricing
      3,270 SF

      Class A Office Suites Available

      Class A office suites with ample parking and upgraded lobbies.
      701 Executive Dr, Evesham, NJ
      View Details
    • $19 SF/Yr
      1,775 SF

      Marlton Professional/Medical Spaces Available

      Professional and medical spaces for lease in a desirable complex.
      2002 Lincoln Dr W, Evesham, NJ 08053
      View Details
    • $19 SF/Yr
      1,577 SF

      Marlton Professional/Medical Spaces for Lease

      Professional and medical spaces available in a desirable Marlton complex.
      1002 Lincoln Dr W, Marlton, NJ
      View Details
    • Contact for pricing
      5,272 SF

      Retail Space in Marlton Center

      Retail space available in shopping center with national retailers.
      101-201 Route 73 S, Marlton, NJ 08110
      View Details
    • $8 SF/Yr
      6,249 SF

      Route 70 Office Space in Evesham, NJ

      Flexible Office Solutions in Burlington County
      103 Rte 70., Evesham, NJ 08053
      View Details

    FAQs

    What type of property is this?
    Strip mall - Exceptional retail opportunity with high visibility and access.
    Where is this strip mall located?
    The property is located at Evesham N Locust Ave Marlton, NJ.
    What are key features of this property?
    This property features: - Prime location at the intersection of State Highway 70 and N Locust Avenue.; - High visibility and easy access for customers.; - Ample parking available.
    (212) 265-6600
    Request Owner's contact information
    Evesham N Locust Ave Marlton, NJ 08053
    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.
    Evesham N Locust Ave
    Marlton, NJ 08053
    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
    Evesham N Locust Ave Marlton, NJ 08053
    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

    We can help!
    Listing Contact
    Bradley Schwartz
    (212) 265-6600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.