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    Modern Office Space For Rent Title is generated by Realmo AI

    335 EVESHAM AVENUE 1ST FL, Lawnside, NJ 08045

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    For Lease
    $1,500/Mo $18 SF/Yr (calc)

    Modern 1,000 sq ft office space in Lawnside, NJ.

    Type:Rental
    Property size:
    1,000 SF
    Added:
    Oct 10, 2024
    Days on Market:
    598
    Last Refresh:
    May 19 at 10:41 pm

    Property Features for 335 EVESHAM AVENUE 1ST FL

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Rental

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Charles A Maimone
    Charles A Maimone

    Listing agent Charles A Maimone License #7816854

    Listing office Century 21 Reilly Realtors

    Listing date Oct 10, 2024

    Source Exitrealty

    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 Reilly Realtors

    HighLights

    • Bargain rent at $1,500/month, tenant doesn't pay for electric, gas, heat, or A/C.
    • Excellent location across from Super Walmart Shopping Center and at a traffic light.
    • Convenient access just off White Horse Pike and Route 295.
    • Modern 1,000 sq. ft. first‑floor office space.
    • Includes a large office, conference room, and kitchen.
    • Paved parking available.

    Overview

    This is a 1,000 sq. ft. modern office space located on the first floor. The layout includes one large office, a conference room, and a kitchen. Paved parking is available. The property is situated across from the Super Walmart Shopping Center and located at a traffic light. It is positioned just off White Horse Pike and Route 295. The intended use of the property is for office space. The monthly rent is $1,500. The tenant is not responsible for paying for electric, gas, heat, or a/c.
    Property Profile Location Intelligence

    Current Use by Public Records

    pankey's transportation Freight Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawnside
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0200987
    Latitude
    39.858384

    Nearby Similar for Lease

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      Professional Office Building For Lease

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    • $1,500/Mo

      Modern Office Suite For Rent

      First-floor office suite with conference room and kitchenette for rent.
      335 EVESHAM Avenue, LAWNSIDE, NJ 08045
      View Details
    • Contact for pricing
      2,667 SF

      Restaurant Space in Lawnside Center

      Restaurant space available in a busy Lawnside shopping center.
      130 White Horse Pike N, Lawnside, NJ
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      2,667 SF

      Restaurant Space in Shopping Center

      Restaurant space available in a busy shopping center.
      200 N White Horse Pike, Lawnside, NJ 08045
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    FAQs

    What type of property is this?
    Office units - Modern 1,000 sq ft office space in Lawnside, NJ.
    Where is this office units located?
    The property is located at 335 EVESHAM AVENUE 1ST FL Lawnside, NJ.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Bargain rent at $1,500/month, tenant doesn't pay for electric, gas, heat, or A/C.; Excellent location across from Super Walmart Shopping Center and at a traffic light.; Convenient access just off White Horse Pike and Route 295.
    (856) 767-1776
    We can help!
    Listing Contact
    Charles A Maimone
    Charles A Maimone
    Real Estate License ID: 7816854
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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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    335 EVESHAM AVENUE 1ST FL, LAWNSIDE, NJ 08045
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