Freestanding Showroom
For Sale
$2,650,000
1316 Route 73, Mount Laurel, NJ 08054
Freestanding commercial building positioned along Route 73 with frontage for highway exposure.
Property Size16,000 SF
Price / SF$165.63
Days on Market8
Property Features for 1316 Route 73
General Information
Standard status
Active
Size
16,000 SF
Property subtype
Commercial
Building Details
Buildings
1
Listing Agency:
C21/ Action Plus Realty
(800) 299-2129
Listed By:
Bernard O Gutherz
Source:
Actionplusrealty
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 5:52AM
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 C21/ Action Plus Realty
Investment Insights
Based on property information with market context.
This freestanding showroom property contains 16,000 square feet of commercial building area. The building is positioned along Route 73 and offers a standalone format suited to showroom-oriented retail use.
The property is located at 1316 Route 73 in Mount Laurel, New Jersey, with direct highway frontage and exposure to Route 73 traffic. Its prominent roadside position provides a clear commercial presence along the corridor.
The property is located at 1316 Route 73 in Mount Laurel, New Jersey, with direct highway frontage and exposure to Route 73 traffic. Its prominent roadside position provides a clear commercial presence along the corridor.
Key Highlights
- 16,000 SF freestanding showroom building
- Located along Route 73 in Mount Laurel, NJ
- Direct frontage and visibility from Route 73
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$239,264
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,785,280
$4.8M
Cap Rate 7%
$3,418,057
$3.4M
Cap Rate 9%
$2,658,489
$2.7M
Market Conditions
NOI Build-Up for 16,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$359.0K $22.44/SF
− Vacancy
−$17.2K −$1.08/SF
EGI
$341.8K $21.36/SF
− OpEx
−$102.5K −$6.41/SF
NOI
$239.3K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,785,280
Cap Rate 7%
$3,418,057
Cap Rate 9%
$2,658,489
Alternative Uses
Best Use
Retail
$3.42M
$2.99M – $3.99M
NOI $239,264 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$33.46M
$29.28M – $39.04M
NOI $2,342,459 @ 7.0% cap · market cap 88.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Hotels & Casinos 25%
Shops & Services 24%
Beauty & Spa 6%
Cracker Barrel Old Country Store
Dining
22,583 visits/mo
0.2 miles
Holman Toyota
Shops & Services
7,830 visits/mo
0.1 miles
Hilton Garden Inn Mount Laurel
Hotels & Casinos
2,959 visits/mo
0.3 miles
European Wax Center
Beauty & Spa
2,925 visits/mo
0.5 miles
Extended Stay America - Philadelphia - Mt. Laurel - Pacilli Place
Hotels & Casinos
2,368 visits/mo
0.2 miles
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Freestanding commercial building positioned along Route 73 with frontage for highway exposure.
Where is this showroom located?
The property is located at 1316 Route 73 Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 16,000 SF freestanding showroom building; Located along Route 73 in Mount Laurel, NJ; Direct frontage and visibility from Route 73
