Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Voorhees Office Space For Lease Title is generated by Realmo AI

    227 Laurel Rd, Voorhees, NJ

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    48,000 SF Class B office building in Voorhees, NJ.

    Type:OFFICE
    Property size:
    7,725 SF
    Lot size:
    2.55 Acres
    Added:
    Aug 14, 2024
    Days on Market:
    661
    Last Refresh:
    May 19 at 8:54 pm

    Property Features for 227 Laurel Rd

    General Information

    Standard status
    Active
    Size
    7,725 SF
    Lot size
    2.55 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 227 Laurel Rd Contact us

    We can help!

    Listing Contact
    Kirk Miller

    Listing agent Kirk Miller

    Listing office Cushman & Wakefield | Morristown

    Listing date Aug 14, 2024

    Source Moodyscre

    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 Cushman & Wakefield | Morristown

    HighLights

    • 48,000‑square foot building available in the future.
    • Three‑story building.
    • Class B building.
    • Located in Voorhees, New Jersey.

    Overview

    This is a three-story, 48,000-square foot, class B office building located in Voorhees, New Jersey. The available space is 7,725 square feet. The property is available in the future.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Dental Office Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Voorhees
    County
    State
    New Jersey
    Longitude
    -74.5229
    Latitude
    40.4934

    Nearby Similar for Lease

    • $1,900/Mo

      Voorhees Office Space For Lease

      Highly visible Voorhees office space with ample parking.
      113 WHITE HORSE Road W, VOORHEES, NJ 08043
      View Details
    • $3,400/Mo
      2,000 SF

      Medical/Office Condo For Lease

      2000 SF medical/office condo available for lease.
      1 BRITTON Place, VOORHEES, NJ 08043
      View Details
    • $1,250/Mo
      896 SF

      Voorhees Office Space For Lease

      Second-floor office space in Voorhees, near PATCO station.
      175 WHITE HORSE Road W, VOORHEES, NJ 08043
      View Details
    • $4,500/Mo
      4,000 SF

      Voorhees Office Space For Lease

      Professional office building with ample space and convenient parking.
      102 BURNT MILL, VOORHEES, NJ 08043
      View Details
    • Sponsored
      Contact for pricing

      NJ, Voorhees - White Horse Rd

      1099 White Horse Rd, Voorhees, NJ 08043
      View Details
    • $16 SF/Yr
      15,070 SF

      Freestanding Retail Shopping Center

      Well maintained, landscaped retail center with private entrances, signage, ample parking, and immediate occupancy space.
      219 South Burnt Mill Road, Voorhees, NJ 08043
      View Details
    • $10 SF/Yr

      Office Suite with Three Private Offices

      Flexible office suite featuring three private offices for professional teams and small operators.
      1200 Haddonfield Berlin Road, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      112,000 SF

      Voorhees Office Space Available

      112,000 sq ft office space for rent.
      401 White Horse Rd, Voorhees, NJ 08043
      View Details
    • $9 SF/Yr

      Voorhees Office Property For Lease

      Professional office property available for lease in Voorhees, New Jersey.
      401 White Horse Road, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office space available for lease.
      100 Carnie Blvd, Voorhees, NJ 08043
      View Details
    • $15 SF/Yr

      Flex Property Available For Lease

      Flex property available for lease.
      214 Cherry Avenue, Voorhees, NJ 08043
      View Details
    • $2,000/Mo
      1,200 SF

      Corner Office/Retail Suite

      New construction office/retail suite with traffic-light exposure across from Echelon Town Center.
      341 S BURNT MILL Road, VOORHEES, NJ 08043
      View Details

    FAQs

    What type of property is this?
    Office building - 48,000 SF Class B office building in Voorhees, NJ.
    Where is this office building located?
    The property is located at 227 Laurel Rd Voorhees, NJ.
    What are key features of this property?
    This property features: 48,000‑square foot building available in the future.; Three‑story building.; Class B building.
    (973) 993-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kirk Miller
    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
    227 Laurel Rd, Voorhees, NJ
    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!