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    Delran Industrial/Office Flex Space Title is generated by Realmo AI

    1803 Underwood Blvd, Delran, NJ

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    17,801 SF flex space with warehouse and office components.

    Type:INDUSTRIAL
    Property size:
    17,801 SF
    Lot size:
    1.01 Acres
    Added:
    Mar 6, 2024
    Days on Market:
    821
    Last Refresh:
    May 20 at 9:50 pm

    Property Features for 1803 Underwood Blvd

    General Information

    Standard status
    Active
    Size
    17,801 SF
    Lot size
    1.01 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 1803 Underwood Blvd Contact us

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    Listing Contact
    Mike Torsiello
    Mike Torsiello

    Listing agent Mike Torsiello

    Listing office Binswanger - Corporate

    Listing date Mar 6, 2024

    Source Moodyscre

    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 Binswanger - Corporate

    HighLights

    • Excellent Location: Corner of Route 130 and S Chester Ave, Delran Township, with quick access to NJ Turnpike, I‑95, Route 90, and Betsy Ross Bridge.
    • Functional Warehouse Space: 10,792 SF warehouse with 26’ – 8” clear height, two tailgate loading docks, and one ramp drive‑in door.
    • Ample Office Space: 7,009 SF of office space within the building.
    • Sufficient Power Supply: 3 Phase 400AMP, 480/277V electrical service.
    • M‑1 Zoning: Zoned M‑1 – Limited Industrial / Office, accommodating many industrial uses.
    • 1.02 AC Lot: Includes 30 marked surface parking spots and an 84’ truck court depth.

    Overview

    Located in Delran Township, Burlington County, New Jersey, this property is situated at the corner of Route 130 and S Chester Avenue, providing convenient access to the NJ Turnpike, I-95, Route 90, and The Betsy Ross Bridge. The building features a total area of 17,801 square feet, including 10,792 square feet of warehouse space and 7,009 square feet of office space, situated on a 1.02-acre lot. The warehouse area has a clear height of 26 feet 8 inches and column spacing of 30 feet by 50 feet. Loading and access are facilitated by two tailgate loading docks (8 inches x 8 feet 8 inches) and one ramp drive-in door (8 inches x 8 feet 8 inches). The property includes thirty marked surface parking spots. It is equipped with 3 Phase 400AMP, 480/277V electrical service and a 100% wet sprinkler system. The roof is EPDM, and the lighting is fluorescent. Additional amenities include a kitchenette, public water and sewer. The truck court depth measures 84 feet. The property is zoned M-1 – Limited Industrial / Office, which accommodates many industrial uses. The 2023 CAM estimate is $1.70 per square foot. The parcel is identified as Block 9, Lot 41.02.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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.

    Similar Places Nearby

    • Public Storage — 4001 US-130, Delran, NJ 08075
    • Delran Storage Facility — 5025 US-130, Delran, NJ 08075
    • Life Storage — 4019 US-130, Delran, NJ 08075

    Location Insight

    • Map
    • Local Demand
    City
    Delran
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9616
    Latitude
    40.0211

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    FAQs

    What type of property is this?
    Warehouse - 17,801 SF flex space with warehouse and office components.
    Where is this warehouse located?
    The property is located at 1803 Underwood Blvd Delran, NJ.
    What are key features of this property?
    This property features: Excellent Location: Corner of Route 130 and S Chester Ave, Delran Township, with quick access to NJ Turnpike, I‑95, Route 90, and Betsy Ross Bridge.; Functional Warehouse Space: **10,792 SF warehouse with 26’ – 8” clear height**, two tailgate loading docks, and one ramp drive‑in door.; Ample Office Space: 7,009 SF of office space within the building.
    (215) 448-6210 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Torsiello
    Mike Torsiello
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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.

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