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

    109 W Park Dr Mount Laurel, NJ 08054

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

    Industrial building with warehouse and office space for lease.

    Property size:
    35,308 SF
    Lot size:
    35,308 SF

    Property Features for 109 W Park Dr

    General Information

    Size
    35,308 SF

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    Scott Mertz, Sior
    Source: Naiglobal

    Listing Agent: Scott Mertz, Sior

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

    Learn more

    Property Insight Report

    Overview

    Industrial Building in East Gate

    Located in East Gate Center, this 35,308 square foot industrial building offers 14,500 square feet available for lease. The property is situated just off Route 73, less than one mile from I-295 and the New Jersey Turnpike (Exit 4). The available space includes a 12,000 square foot warehouse area and a 2,500 square foot office area. The warehouse features a 12-foot clear ceiling height and two drive-in doors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Laurel
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.956373
    Latitude
    39.934209

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Mt Laurel

      Discover many ways to work your way in Pembrook Commons
      309 Fellowship Rd, Mount Laurel, NJ 08054
      View Details
    • Sponsored
      New
      Contact for pricing

      NJ, Mount Laurel - Atrium Way

      Discover many ways to work your way in Boise Downtown
      3000 Atrium Way, Mount Laurel, NJ 08054
      View Details
    • $2,200 /Mo
      44,431 SF

      Mount Laurel Commercial Space Available

      First-level office space with high visibility and easy access.
      3201 Route 38, Mount Laurel, NJ 08054
      View Details
    • New
      $15 SF/Yr
      122,404 SF

      Salon Space on Route 73

      Premier salon space for lease in Mt. Laurel, NJ.
      1155 Rt-73, Mount Laurel, NJ 08054
      View Details
    • $1,800 /Mo
      30,056 SF

      Mount Laurel Takeout Shop For Rent

      Takeout shop for rent on Marne Highway in Mount Laurel.
      101 Creek Rd, Mount Laurel, NJ 08054
      View Details
    • $12 SF/Yr
      122,404 SF

      Versatile Commercial Space in MT LAUREL

      1350 sq ft commercial space in a vibrant, convenient neighborhood.
      1155 Route 73, Mount Laurel, NJ 08054
      View Details
    • $2,200 /Mo

      Ground Level Office Unit Available

      First level office unit available in Mount Laurel, NJ.
      3201 Route 38, Mount Laurel, NJ 08054
      View Details
    • Contact for pricing
      5,975 SF

      East Gate Corporate Center Office

      Three-story office building in a large business park.
      303 Fellowship Rd, Mount Laurel, NJ 08054
      View Details
    • Contact for pricing
      1,577 SF

      Mount Laurel Office Space Available

      Office space for rent in East Gate Corporate Center.
      305 Fellowship Rd, Mount Laurel, NJ 08054
      View Details
    • Contact for pricing
      8,650 SF

      Class A Office Space Available

      Premier office space in East Gate Corporate Center.
      701 E Gate Dr, Mount Laurel, NJ 08054
      View Details
    • Contact for pricing
      1,021 SF

      Class A Office Space Available

      Premier South Jersey business location with on-site amenities.
      700 E Gate Dr, Mount Laurel, NJ 08054
      View Details
    • Contact for pricing
      434 SF

      Mount Laurel Office Space Available

      Office space for rent in East Gate Corporate Center.
      817 E Gate Dr, Mount Laurel, NJ 08054
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial building with warehouse and office space for lease.
    Where is this warehouse located?
    The property is located at 109 W Park Dr Mount Laurel, NJ.
    What are key features of this property?
    This property features: - Excellent Location: Minutes from I-295 & NJ Turnpike (Exit 4), just off Route 73; - 14,500 SF available for lease; - Includes **12,000 SF of warehouse space**
    (609) 413-5647
    Request Owner's contact information
    109 W Park Dr Mount Laurel, NJ 08054
    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.
    109 W Park Dr
    Mount Laurel, NJ 08054
    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
    109 W Park Dr Mount Laurel, NJ 08054
    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
    Scott Mertz, Sior
    (609) 413-5647
    Learn more
    Google sign-in failed. Please try again or use another login method.