Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    314 Chris Gaupp Dr, Unit 202 Galloway, NJ 08205

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,100 /Mo

    Professional office space for lease near Garden State Parkway.

    Lot size:
    1.85 Acres

    Property Features for 314 Chris Gaupp Dr

    General Information

    Standard status
    Active
    Lot size
    1.85 Acres

    We can help!

    Listing Contact
    Sharif Hatab
    Source: Exprealty

    Listing Agency: EXP REALTY Listing Agent: Sharif Hatab

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

    Learn more

    Overview

    Finished Office Space Near Parkway

    This professional office space, available for lease, offers 2,396+/- square feet on the first floor. The fully finished unit features a versatile bullpen area, a conference room, multiple offices, a convenient kitchenette, and three restrooms. Designed to comfortably accommodate 6 to 20 people, the space is in excellent condition, featuring drop ceilings and a fully built-out interior. The property operates on a Triple Net Lease. Central air and heating are included, with after-hours HVAC availability. Ample parking is available on-site. Situated close to the Garden State Parkway, the location provides easy access for commuters and is conveniently near Atlanticare Regional (mainland campus) and Stockton University. The space is ideal for a standard office setup with partitioned offices. Monument signage on Chris Gaupp Drive is available.
    Location Intelligence

    Current Use by Public Records

    East Coast Chiro ... Alternative Medicine Practice Dr. Andrew Hirsh Medical Clinic Dr. Alicia Weeks, ... Physician Holly D. Bennett, ... Physician Joshua B Sundhar Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Galloway
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5420891
    Latitude
    39.4742477

    Nearby Similar for Lease

    • $3,100 /Mo
      80,586 SF

      Galloway Office Space for Lease

      Professional office space near Garden State Parkway and Stockton University.
      314 Chris Gaupp Dr, Galloway, NJ 08205
      View Details
    • Contact for pricing
      1,265 SF

      Smithville Square Retail Space

      Galloway, NJ Office & Retail Opportunity
      45 New York Rd, Galloway, NJ 08205
      View Details
    • $17 SF/Yr
      2,075 SF

      Galloway Office Building For Lease

      2,075 SF Medical Office Space, NJ
      408 Chris Gaupp Dr, Galloway, NJ 08205
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space for lease near Garden State Parkway.
    Where is this office units located?
    The property is located at 314 Chris Gaupp Dr, Unit 202 Galloway, NJ.
    What is the lease rate?
    The lease rate is $3,100 /Mo.
    What are key features of this property?
    This property features: - Convenient location near Garden State Parkway, Atlanticare Regional, and Stockton University.; - Fully finished, well-designed layout featuring a bullpen area, conference room, multiple offices, kitchenette, and 3 restrooms.; - Ample on-site parking.
    (609) 757-9647
    Request Owner's contact information
    314 Chris Gaupp Dr, Unit 202 Galloway, NJ 08205
    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.
    314 Chris Gaupp Dr, Unit 202
    Galloway, NJ 08205
    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
    314 Chris Gaupp Dr, Unit 202 Galloway, NJ 08205
    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
    Sharif Hatab
    Real Estate License ID: 788982
    (609) 757-9647 (609) 890-3300 (609) 757-9883
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!