Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    301 Andrews Ln Moorestown, NJ 08057

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,400 /Mo ($26 SF/Yr)

    Spacious, renovated condo featuring new stainless appliances and luxury vinyl plank.

    Property size:
    1,104 SF
    Lot size:
    1,104 SF

    Property Features for 301 Andrews Ln

    General Information

    Size
    1,104 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Daren M Sautter
    Source: Kw

    Listing Agent: Daren M Sautter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Condo with Modern Amenities

    This renovated condo offers a spacious living environment in a quiet community. The unit features 1-year-new stainless steel kitchen appliances, quartz countertops, and 42" white shaker cabinets. New luxury vinyl plank flooring and carpet have been installed, and the unit has been freshly painted. The living room includes a gas fireplace with a mantel and a new sliding glass door that leads to a Trex balcony overlooking a backyard tree line. Both bathrooms have been updated with new vanities and tile. The property is intended for tenants with good credit. The association allows one pet, either a cat or a dog, with a weight limit of 50 pounds. Smoking is not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Moorestown
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9757406
    Latitude
    39.9652037

    Nearby Similar for Lease

    • $685 /Mo

      Office Space Near Downtown

      Office space suitable for office or art studio use.
      223-UNIT Fairview Ave, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      85,337 SF

      Moorestown Industrial Park Warehouse Space

      Premier distribution and warehouse opportunity in Southern New Jersey.
      600 Glen Ct, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      1,689 SF

      Class A Office Campus Space

      Premier South Jersey business location with first-class property management.
      308 Harper Dr, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      5,427 SF

      Furnished Office Space Available Now

      Well-maintained office space with solar array and covered parking.
      304 Harper Dr, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      38,500 SF

      Moorestown Industrial Warehouse Space

      NJ Warehouse: 4,800 SF+ Available
      102 Commerce Dr, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      230,000 SF

      Moorestown Retail Center Opportunity

      Prime Retail Space Available in Moorestown, NJ
      0 Moorestown Nj, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      10,000 SF

      Victoria Arts Medical Building: Prime Office Space

      Burlington County medical office suites available.
      701 Main St, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      43,200 SF

      Moorestown Industrial Warehouse Space

      Versatile Warehouse, 7,200-10,891 SF Available
      97 Foster Rd, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      89,843 SF

      Moorestown NJ Warehouse Space

      89,843 SF Industrial Warehouse Available
      365 New Albany Rd, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      1,066,000 SF

      East Gate Square Retail Center

      Moorestown, NJ Power Center Opportunity
      0 Rte 38 & Nixon Dr, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      27,940 SF

      Moorestown Warehouse Space Available

      Large warehouse space for lease in Moorestown, NJ.
      858 Lenola Rd, Moorestown, NJ 08057
      View Details
    • Contact for pricing
      96,500 SF

      Moorestown Retail Space Available

      Prime Moorestown retail space for lease.
      0 Young Ave & Centerton Rd, Moorestown, NJ 08057
      View Details

    FAQs

    What type of property is this?
    Apartment building - Spacious, renovated condo featuring new stainless appliances and luxury vinyl plank.
    Where is this apartment building located?
    The property is located at 301 Andrews Ln Moorestown, NJ.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Renovated condo featuring new stainless steel kitchen appliances.; - Enjoy new luxury vinyl plank flooring and carpet throughout.; - Updated kitchen boasts quartz countertops and 42" white shaker cabinets.
    (888) 536-0216
    Request Owner's contact information
    301 Andrews Ln Moorestown, NJ 08057
    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.
    301 Andrews Ln
    Moorestown, NJ 08057
    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
    301 Andrews Ln Moorestown, NJ 08057
    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

    We can help!
    Listing Contact
    Daren M Sautter
    Real Estate License ID: 8836053
    (888) 536-0216
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.