Residential Income
For Sale
$239,900
Pending
3302 RAMSBURY COURT, Mount Laurel, NJ 08054
Open-concept home with two bedrooms, a full bathroom, and a primary suite with walk-in storage.
Property Size984 SF
Days on Market18
Property Features for 3302 RAMSBURY COURT
General Information
Standard status
Pending
Size
984 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,166
Building Details
Building Size
984 SF
Year Built
1988
Listing Agency:
EXP Realty, LLC
(609) 634-8853
Listed By:
Jeffrey P Amsden · License #0456089
(609) 634-8853
Source:
Patmckennarealtors
Added: Jul 23
Changed: Aug 8
Last Checked: Aug 6 at 3:32AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Located at 3302 Ramsbury Court in Mount Laurel, this residential income property was built in 1988 and offers a practical single-level layout. The interior centers on an open-concept arrangement connecting the kitchen with the dining and living areas, creating a shared main living space.
Two bedrooms are positioned along the hallway, including a primary bedroom with a walk-in closet. A full bathroom serves the home. The property is identified within the Lakes section of Mount Laurel and carries the address 3302-B Ramsbury Court in the public remarks.
Two bedrooms are positioned along the hallway, including a primary bedroom with a walk-in closet. A full bathroom serves the home. The property is identified within the Lakes section of Mount Laurel and carries the address 3302-B Ramsbury Court in the public remarks.
Key Highlights
- Open‑concept kitchen, dining, and living areas
- Two‑bedroom residential layout
- Primary bedroom includes a walk‑in closet
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
$12,888
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
5.37%
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%
$257,760
$257.8K
Cap Rate 7%
$184,114
$184.1K
Cap Rate 9%
$143,200
$143.2K
Market Conditions
NOI Build-Up for 984 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
$24.8K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$23.4K $23.81/SF
− OpEx
−$10.5K −$10.72/SF
NOI
$12.9K $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%
$257,760
Cap Rate 7%
$184,114
Cap Rate 9%
$143,200
Alternative Uses
Best Use
Apartment 5plus
$184.1K
$161.1K – $214.8K
NOI $12,888 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,061 @ 7.0% cap · market cap 60.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
66
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept home with two bedrooms, a full bathroom, and a primary suite with walk-in storage.
Where is this residential income property located?
The property is located at 3302 RAMSBURY COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Open‑concept kitchen, dining, and living areas; Two‑bedroom residential layout; Primary bedroom includes a walk‑in closet
