Residential Income Property with
For Sale
$244,900
5012B DUNBARTON ROAD, Mount Laurel, NJ 08054
Second-floor condominium with two bedrooms, updated systems, and access to shared recreational amenities.
Property Size1,008 SF
Days on Market23
Property Features for 5012B DUNBARTON ROAD
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$235
Taxes and HOA fees
Annual Taxes
$3,642
Amenities
private balcony
pickleball courts
tennis courts
basketball courts
walking trails
tot lot
Building Details
Building Size
1,008 SF
Year Built
1989
Listing Agency:
Peze & Associates
(856) 912-2973
Listed By:
Michaela L Hartery · License #9590284
(856) 912-2973
Source:
Patmckennarealtors
Added: Jul 18
Changed: Aug 8
Last Checked: Aug 8 at 9:47AM
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 Peze & Associates
Investment Insights
Based on property information with market context.
This second-floor condominium in Brittany Commons includes two bedrooms, a private balcony, laminate flooring, and a new HVAC system. The living and dining areas feature crown molding, while the kitchen is equipped with a gas range, dishwasher, corner sink, and refrigerator. The washer was replaced in 2025, and a dryer is included. The primary bedroom has a walk-in closet, and the full bathroom includes dual sinks with a tub-and-shower setup.
Residents have access to Larchmont Commons amenities, including pickleball, tennis, and basketball courts, walking trails, and a tot lot. The property is near Route 38, Route 73, I-295, the New Jersey Turnpike, Philadelphia, and the Jersey Shore. Shopping, dining, and entertainment options include Wegmans, Costco, Topgolf, Tommy's Tavern, and a nearby coffee shop. The property was built in 1989.
Residents have access to Larchmont Commons amenities, including pickleball, tennis, and basketball courts, walking trails, and a tot lot. The property is near Route 38, Route 73, I-295, the New Jersey Turnpike, Philadelphia, and the Jersey Shore. Shopping, dining, and entertainment options include Wegmans, Costco, Topgolf, Tommy's Tavern, and a nearby coffee shop. The property was built in 1989.
Key Highlights
- Two‑bedroom, second‑floor condominium in Brittany Commons
- Private balcony positioned away from the parking lot
- New HVAC system and laminate flooring
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
$13,202
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
5.39%
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%
$264,040
$264.0K
Cap Rate 7%
$188,600
$188.6K
Cap Rate 9%
$146,689
$146.7K
Market Conditions
NOI Build-Up for 1,008 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
$25.4K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$24.0K $23.81/SF
− OpEx
−$10.8K −$10.72/SF
NOI
$13.2K $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%
$264,040
Cap Rate 7%
$188,600
Cap Rate 9%
$146,689
Alternative Uses
Best Use
Apartment 5plus
$188.6K
$165.0K – $220.0K
NOI $13,202 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,575 @ 7.0% cap · market cap 60.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
612
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 - Second-floor condominium with two bedrooms, updated systems, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 5012B DUNBARTON ROAD Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Two‑bedroom, second‑floor condominium in Brittany Commons; Private balcony positioned away from the parking lot; New HVAC system and laminate flooring
