Second-Floor Residential Income
For Sale
$275,000
2202B YARMOUTH LANE, Mount Laurel, NJ 08054
Second-floor condominium with an open layout, private balcony, assigned parking, and in-unit laundry.
Property Size1,390 SF
Days on Market9
Property Features for 2202B YARMOUTH LANE
General Information
Standard status
Active
Size
1,390 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,977
Building Details
Building Size
1,390 SF
Year Built
1990
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Samuel N Lepore · License #791411
(856) 297-6827
Source:
Patmckennarealtors
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 10 at 5:58AM
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 Keller Williams Realty - Moorestown
Investment Insights
Based on property information with market context.
This second-floor condominium, built in 1990, features two bedrooms and two full bathrooms within an open interior layout. The living area includes hardwood flooring, crown molding, and access to a private balcony. An open kitchen provides cabinet and counter space, a breakfast bar, and a direct connection to the dining area. The primary bedroom has a walk-in closet and an en-suite bathroom with an updated vanity, while the second bedroom is served by an updated hall bathroom. An in-unit laundry and utility room completes the residence.
The property is at 2202B Yarmouth Lane in Mt Laurel, New Jersey. Community features include landscaped common grounds and assigned parking. The setting is near shopping, restaurants, and major highways.
The property is at 2202B Yarmouth Lane in Mt Laurel, New Jersey. Community features include landscaped common grounds and assigned parking. The setting is near shopping, restaurants, and major highways.
Key Highlights
- Two‑bedroom, two‑bathroom second‑floor condominium
- Private balcony overlooking landscaped community grounds
- Primary suite with walk‑in closet and en‑suite bathroom
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
$18,206
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
6.62%
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%
$364,120
$364.1K
Cap Rate 7%
$260,086
$260.1K
Cap Rate 9%
$202,289
$202.3K
Market Conditions
NOI Build-Up for 1,390 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
$35.0K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$33.1K $23.81/SF
− OpEx
−$14.9K −$10.72/SF
NOI
$18.2K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$364,120
Cap Rate 7%
$260,086
Cap Rate 9%
$202,289
Alternative Uses
Best Use
Apartment 5plus
$260.1K
$227.6K – $303.4K
NOI $18,206 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.91M
$2.54M – $3.39M
NOI $203,501 @ 7.0% cap · market cap 74.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with an open layout, private balcony, assigned parking, and in-unit laundry.
Where is this residential income property located?
The property is located at 2202B YARMOUTH LANE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom second‑floor condominium; Private balcony overlooking landscaped community grounds; Primary suite with walk‑in closet and en‑suite bathroom
