Updated One-Bedroom
New
For Sale
$199,900
330 WILLOW TURN, Mount Laurel, NJ 08054
First-floor condominium with granite kitchen finishes, natural light, and step-free access throughout the residence.
Property Size760 SF
Days on Market5
Property Features for 330 WILLOW TURN
General Information
Standard status
Active
Size
760 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,037
Building Details
Building Size
760 SF
Year Built
1983
Listing Agency:
Keller Williams Realty - Marlton
Listed By:
Val F. Nunnenkamp Jr. · License #8333570
(609) 313-1454
Source:
Patmckennarealtors
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 11 at 11:08AM
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 - Marlton
Investment Insights
Based on property information with market context.
This first-floor condominium offers 760 square feet with one bedroom and one bathroom. The updated interior includes granite countertops in the kitchen, laminate flooring across the living and dining areas, and a glass slider that brings natural light into the living room. The bedroom accommodates a king-size bed and connects to the bathroom through a Jack-and-Jill layout. Step-free access extends from the entry through the home.
The property is located in the Larchmont section of Mount Laurel, just off Route 38. Shopping and dining options are minutes away. The association maintains the grounds and provides snow clearing to the residence. Built in 1983, the condominium combines an accessible first-floor layout with updated interior features.
The property is located in the Larchmont section of Mount Laurel, just off Route 38. Shopping and dining options are minutes away. The association maintains the grounds and provides snow clearing to the residence. Built in 1983, the condominium combines an accessible first-floor layout with updated interior features.
Key Highlights
- 760 SF first‑floor condominium
- One bedroom and one bathroom
- Updated kitchen with granite countertops
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
$9,954
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
4.98%
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%
$199,080
$199.1K
Cap Rate 7%
$142,200
$142.2K
Cap Rate 9%
$110,600
$110.6K
Market Conditions
NOI Build-Up for 760 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
$19.2K $25.20/SF
− Vacancy
−$1.1K −$1.39/SF
EGI
$18.1K $23.81/SF
− OpEx
−$8.1K −$10.72/SF
NOI
$10.0K $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%
$199,080
Cap Rate 7%
$142,200
Cap Rate 9%
$110,600
Alternative Uses
Best Use
Apartment 5plus
$142.2K
$124.4K – $165.9K
NOI $9,954 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,267 @ 7.0% cap · market cap 55.66%
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
600
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 - First-floor condominium with granite kitchen finishes, natural light, and step-free access throughout the residence.
Where is this residential income property located?
The property is located at 330 WILLOW TURN Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 760 SF first‑floor condominium; One bedroom and one bathroom; Updated kitchen with granite countertops
