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    Gibbsboro Office Condominium Suite Title is generated by Realmo AI

    146 S Lakeview Dr, Gibbsboro, NJ 08026

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    For Sale
    $109,000

    Office/Professional - Gibbsboro, NJ

    Property size:
    1,000 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $109/SF
    Added:
    Aug 29, 2024
    Days on Market:
    622
    Last Refresh:
    May 12 at 5:06 am

    Property Features for 146 S Lakeview Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security Lighting
    Interior features
    220 Volt Electricity, Restroom
    Exterior features
    Security Light/System, Sign
    Standard status
    Active
    Size
    1,000 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4197

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Linoleum, Vinyl
    Building materials
    Brick, Frame
    Roof type
    Asphalt

    We can help!

    Listing Contact
    JILL LEAP, ABR, SRES
    JILL LEAP, ABR, SRES

    Listing agent JILL LEAP, ABR, SRES License #1537966

    Listing office BALSLEY/LOSCO 1630 NEW ROAD, Northfield, NJ

    Listing date Aug 29, 2024

    MLS# 588522 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Ideal for medical, legal, accounting, or tax professionals.
    • Approximately 1,000 sq ft professional office suite.
    • Features four exam/professional rooms, lobby, restroom, and reception desk.
    • Ample parking available.
    • Owner's Association fee covers CAM, insurance, and snow removal.
    • Seller financing may be available.

    Overview

    This professional office suite is available for sale in Gibbsboro, New Jersey. The property, located in Lakeview Commons Office Condominium Suites, offers just under 1,000 square feet of space. The layout includes four exam or professional rooms, a lobby, a restroom, and a reception desk. The property is suitable for various professions, including medical professionals, lawyers, accountants, and tax professionals. The property has a lot size of 0.03 acres. Ample parking is available in the lot. The Owner's Association fee is $908 per quarter, covering CAM, insurance, and snow removal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Janice Christiansen Health Dr Christopher Larosa ... Physician Clark Associates Financial ... Financial Advisor Boxley Speech Therapy Physician Nurse Staffers Inc Employment Agency

    Suggested Use

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

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

    Similar Places Nearby

    • Dr. Terri L. Young, MD — 1040 Laurel Oak Rd Suite 1, Voorhees Township, NJ 08043, United States
    • Dailey Sharon a DVM — 189 Lakeview Dr S #100, Gibbsboro, NJ 08026

    Location Insight

    • Map
    • Local Demand
    City
    Gibbsboro
    County
    Camden
    State
    New Jersey
    Longitude
    -74.957562
    Latitude
    39.8329821

    Nearby Similar for Sale

    • $109,000
      1,000 SF

      Professional Office Suite For Sale

      Professional office suite with four rooms, lobby, and reception.
      146 S Lakeview Dr 102, Gibbsboro, NJ 08026
      View Details
    • Contact for pricing
      7,931 SF

      Office Complex on Lakeview Drive

      Office complex for sale in Camden County, Gibbsboro, New Jersey.
      88 Lakeview Dr S, Gibbsboro, NJ
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professional office suite for sale in Gibbsboro, New Jersey.
    Where is this medical office space located?
    The property is located at 146 S Lakeview Dr Gibbsboro, NJ.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: Ideal for medical, legal, accounting, or tax professionals.; Approximately 1,000 sq ft professional office suite.; Features **four exam/professional rooms, lobby, restroom, and reception desk.**
    (609) 335-8156
    We can help!
    Listing Contact
    JILL LEAP, ABR, SRES
    JILL LEAP, ABR, SRES
    Real Estate License ID: 1537966
    Learn More
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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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