First-Floor Residential Income
For Sale
$340,000
3107A CHADBURY ROAD, Mount Laurel, NJ 08054
Updated first-floor residence with a private garage, driveway, and remodeled interior finishes.
Property Size1,391 SF
Days on Market9
Property Features for 3107A CHADBURY ROAD
General Information
Standard status
Active
Size
1,391 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,980
Building Details
Building Size
1,391 SF
Year Built
1987
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
Dawn M Hogan · License #125630
(856) 296-0006
Source:
Patmckennarealtors
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 11 at 1:32PM
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 Weichert Realtors - Moorestown
Investment Insights
Based on property information with market context.
This first-floor residential income property includes a garage and driveway. The interior has been updated with a remodeled kitchen, remodeled bathrooms, new flooring, and an appliance package. Built in 1987, the unit is located at 3107A Chadbury Road in Mount Laurel, New Jersey.
Walking trails are nearby, with access to Interstate 295 and the New Jersey Turnpike. The property is within the Brittany Lakes community and combines a ground-level layout with several completed interior improvements.
Walking trails are nearby, with access to Interstate 295 and the New Jersey Turnpike. The property is within the Brittany Lakes community and combines a ground-level layout with several completed interior improvements.
Key Highlights
- First‑floor unit with garage and driveway
- Remodeled kitchen and bathrooms
- Updated flooring and appliance package
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
$18,219
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
5.36%
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%
$364,380
$364.4K
Cap Rate 7%
$260,271
$260.3K
Cap Rate 9%
$202,433
$202.4K
Market Conditions
NOI Build-Up for 1,391 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
$35.1K $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%
$364,380
Cap Rate 7%
$260,271
Cap Rate 9%
$202,433
Alternative Uses
Best Use
Apartment 5plus
$260.3K
$227.7K – $303.7K
NOI $18,219 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.91M
$2.55M – $3.39M
NOI $203,647 @ 7.0% cap · market cap 59.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
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 - Updated first-floor residence with a private garage, driveway, and remodeled interior finishes.
Where is this residential income property located?
The property is located at 3107A CHADBURY ROAD Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: First‑floor unit with garage and driveway; Remodeled kitchen and bathrooms; Updated flooring and appliance package
