Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse with Fenced Lot Title is generated by Realmo AI

    1816 Underwood Boulevard, Delran, NJ 08075

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    34,722 SF warehouse with air-conditioned office and fenced lot.

    Type:Industrial
    Property size:
    34,722 SF
    Added:
    Jan 27, 2026
    Days on Market:
    112
    Last Refresh:
    Apr 5 at 10:54 pm

    Property Features for 1816 Underwood Boulevard

    General Information

    Standard status
    Active
    Size
    34,722 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1976

    Spaces For Lease

    at 1816 Underwood Boulevard Contact us

    We can help!

    Listing Contact
    Scott Mertz, SIOR

    Listing agent Scott Mertz, SIOR

    Listing office NAI Mertz - Corporate

    Listing date Jan 27, 2026

    Source Naiglobal

    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 NAI Mertz - Corporate

    HighLights

    • 34,722 SF warehouse building with fenced lot.
    • Features (5) 8’x10’ dock doors with levelers and shelters.
    • Located just off of Route 130 in Millside Industrial Park.
    • 1600 amp, 208/120 volt power.
    • 19’6” - 20’6” ceiling heights with 50’ x 30’ column spacing.
    • Includes 3,841 SF air conditioned office area.

    Overview

    This 34,722 square foot warehouse building, situated in Millside Industrial Park just off Route 130, features a fenced lot. The warehouse includes five 8-foot by 10-foot dock doors with levelers and shelters, as well as two 12-foot by 14-foot drive-in doors. Ceiling heights range from 19 feet 6 inches to 20 feet 6 inches, with a column spacing of 50 feet by 30 feet. The property is equipped with 1600 amp, 208/120 volt power. It also contains 3,841 square feet of air-conditioned office space and provides 12 trailer parking spaces. New LED lighting is upcoming. The warehouse can be leased with full racking in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    David Gooding, Inc. Big Box & Wholesale Store

    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
    -74.9612
    Latitude
    40.0188

    Nearby Similar for Lease

    • $1,250/Mo
      920 SF

      Delran Professional Office Space

      Well-appointed 920± SF stand-alone office building for lease.
      11 Hartford Rd, DELRAN, NJ 08075
      View Details
    • Contact for pricing
      39,941 SF

      Industrial Flex Building in Delran

      Multi-tenanted industrial/flex building with tailgate loading and office space.
      1829 Underwood Boulevard, Delran, NJ 08075
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      Former Wendy's with drive-thru available on Route 130.
      5011 Route 130, Delran, NJ 08075
      View Details
    • Contact for pricing
      4,000 SF

      Delran Retail Spaces Available

      Multiple small shop spaces available for rent in Delran.
      1331 Fairview Blvd, Delran, NJ
      View Details
    • Contact for pricing
      41,301 SF

      Industrial Flex Building For Rent

      Multi-tenanted industrial/flex building with tailgate and drive-in loading.
      1819 Underwood Boulevard, Delran, NJ 08075
      View Details
    • Contact for pricing
      30,045 SF

      Industrial Building in Millside Park

      30,045 SF industrial building for lease in Delran, NJ.
      1812 Underwood Boulevard, Delran, NJ 08075
      View Details
    • Contact for pricing
      21,581 SF

      Delran Industrial Space For Lease

      21,581 SF industrial space with loading docks and drive-ins.
      1835 Underwood Blvd, Delran, NJ
      View Details
    • Contact for pricing
      11,000 SF

      Retail Spaces Available For Rent

      Multiple small shop spaces available for rent in Delran.
      7006 Route 130, Delran, NJ
      View Details
    • $1,200/Mo

      Medical Office Space Available

      Medical office space with reception, exam rooms, and kitchen.
      3001 Bridgeboro, DELRAN, NJ 08075
      View Details
    • Contact for pricing
      1,700 SF

      Delran Retail Spaces Available

      Multiple small shop spaces available for rent in Delran.
      1361 Fairview Blvd, Delran, NJ
      View Details
    • Contact for pricing
      2,405 SF

      Retail Spaces Available For Rent

      Multiple small shop spaces available for rent.
      1341 S Fairview St, Delran, NJ
      View Details
    • $1,200/Mo

      Delran Commercial Space for Rent

      Commercial space available for rent in Delran, New Jersey.
      3001 Bridgeboro, Delran, NJ 08075
      View Details

    FAQs

    What type of property is this?
    Warehouse - 34,722 SF warehouse with air-conditioned office and fenced lot.
    Where is this warehouse located?
    The property is located at 1816 Underwood Boulevard Delran, NJ.
    What are key features of this property?
    This property features: 34,722 SF warehouse building with fenced lot.; Features (5) 8’x10’ dock doors with levelers and shelters.; Located just off of Route 130 in Millside Industrial Park.
    (856) 802-6529
    We can help!
    Listing Contact
    Scott Mertz, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1816 Underwood Boulevard, Delran, NJ 08075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!