Unique Mixed-Use Property on
40-28 Conrow Rd Delran, NJ 08075
40-28 Conrow Rd, Delran, NJ, 08075
$2,400,000
For Sale
$2,400,000
Victorian mansion, additional houses, and large office/school building.
Property Size16,000 SF
Lot Size10.97 Acres
Price / SF$150
Days on Market268
Property Features for 40-28 Conrow Rd
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 10.97 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1881
Listing Agency
BHHS FOX & ROACH-MARLTON
(856) 810-5300
Listed by
SIDNEY BENSTEAD · License #8032152
Source
Corcoran
Added: Oct 26, 2025 Checked: Jul 19 at 6:52 am
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 BHHS FOX & ROACH-MARLTON
Investment Insights
Based on property information with market context.
This unique mixed-use property is situated on 10.95 acres of land. The property features a Victorian mansion with four bedrooms on the second floor and two bedrooms on the third floor. In addition to the main house, there are two additional houses located on the property. A 16,000+ square foot office/school building is also present. The main house includes an inground pool, a workshop, and a garage. Ample parking is available in the parking lot designated for the office/school building. Any potential buyer would have to get approval from the township for whatever approvals they require. The tax map and zoning permitted uses are attached. This property offers incredible upside potential.
Key Highlights
- 10.95 acres of land
- Victorian mansion with 6 bedrooms
- Additional 2 houses on the property
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.0k | $13.44 |
| − Vacancy | −$23.7k | −$1.48 |
| EGI | $191.4k | $11.96 |
| − OpEx | −$47.8k | −$2.99 |
| NOI | $143.5k | $8.97 |
16,000 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,539 @ 7.0% cap · market cap 5.98%
Second Best
Mixed Use
$1.94M
$1.70M – $2.26M
NOI $135,749 @ 7.0% cap · market cap 5.66%
Theoretical Best
Warehouse
$33.46M
$29.28M – $39.04M
NOI $2,342,459 @ 7.0% cap · market cap 97.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Victorian mansion, additional houses, and large office/school building.
Where is this mixed-use property located?
The property is located at 40-28 Conrow Rd Delran, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10.95 acres of land; Victorian mansion with 6 bedrooms; Additional 2 houses on the property
