Unique Mixed-Use Property on
For Sale
$2,500,000
40-28 CONROW ROAD, Delran, NJ 08075
Victorian mansion, additional houses, and large office/school building.
Property Size16,000 SF
Lot Size10.95 Acres
Price / SF$156.25
Days on Market354
Property Features for 40-28 CONROW ROAD
General Information
Standard status
Active
Size
16,000 SF
Lot size
10.95 Acres
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$35,457
Building Details
Building Size
16,000 SF
Year Built
1881
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Sidney Benstead · License #8032152
(856) 810-5710
Source:
Patmckennarealtors
Added: Oct 27, 2025
Changed: Oct 3
Last Checked: Oct 15 at 7:35AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,749
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,714,980
$2.7M
Cap Rate 7%
$1,939,271
$1.9M
Cap Rate 9%
$1,508,322
$1.5M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$253.4K $15.84/SF
− Vacancy
−$36.2K −$2.27/SF
EGI
$217.2K $13.57/SF
− OpEx
−$81.4K −$5.09/SF
NOI
$135.7K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,714,980
Cap Rate 7%
$1,939,271
Cap Rate 9%
$1,508,322
Alternative Uses
Best Use
Mixed Use
$1.94M
$1.70M – $2.26M
NOI $135,749 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$33.46M
$29.28M – $39.04M
NOI $2,342,459 @ 7.0% cap · market cap 93.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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 ROAD Delran, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
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
