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

    Evesham, NJ 08053

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

    Sublease opportunity: 26,500 SF modern, furnished office space.

    We can help!

    Listing Contact
    Anne Klein
    Source: Nmrk

    Listing Agent: Anne Klein

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

    Learn more

    Overview

    Spacious Furnished Office Ready

    The property at 402-404 Lippincott Drive, Evesham, NJ, 08053, is a commercial office property available for sublease. The space is fully furnished and modern, totaling 26,500 square feet. It features large windows providing natural light, ample parking space, and a versatile layout.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Similar Places Nearby

    Knight's PC Diagnostics

    Map

    City
    Evesham
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8969
    Latitude
    39.8786

    Nearby Similar for Lease

    • New
      $395 /Mo
      19,166 SF

      Evesham Office Space For Lease

      Second-floor office suite in historic Marlton building, utilities included.
      35 E Main St Unit, Evesham, 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
      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
    • $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
    • Contact for pricing
      30,000 SF

      Marlton Medical Office Space for Lease

      Modern Medical Office Suites Available in Evesham, NJ
      95 Marlton Pike, Evesham, NJ 08053
      View Details
    • Contact for pricing
      12,739 SF

      Marlton Retail Space - High Traffic Area

      Prime Medical/Restaurant Space - 12,739 SF
      235 Maple Ave, Evesham, NJ 08053
      View Details
    • $2,850 /Mo

      Spacious Townhouse in Kings Grant

      Corner townhouse with modern amenities in a desirable community.
      5 Queen Anne Ct, Evesham, NJ 08053
      View Details
    • Contact for pricing
      6,081 SF

      Evesham Executive Office Suites

      NJ Office Space: 880-1450 sq ft
      1002 Lincoln Dr, Evesham, NJ 08053
      View Details
    • $16 SF/Yr
      3,600 SF

      Evesham Retail Space For Lease

      Prime Retail Location, 3600 SQFT Available
      701 Route 70, Evesham, NJ 08053
      View Details
    • Contact for pricing
      23,555 SF

      Class A Office Building For Rent

      Class A office building in Evesham, New Jersey for lease.
      50 Lk Ctr Dr, Evesham, NJ
      View Details
    • $12 SF/Yr
      8,879 SF

      Evesham Office Space Available

      Office space for rent with immediate occupancy and convenient access.
      4B Eves Dr, Evesham, NJ 08053
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Sublease opportunity: 26,500 SF modern, furnished office space.
    Where is this office property / space located?
    The property is located at Evesham, NJ.
    What are key features of this property?
    This property features: - 26,500 square feet of commercial office space; - Fully furnished and modern interior; - Prime location on Lippincott Drive in Evesham, NJ
    (856) 334-2110
    Request Owner's contact information
    Evesham, 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, 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, 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
    Anne Klein
    (856) 334-2110
    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.