2-Bedroom Residential Income
For Sale
$259,900
807 SEDGEFIELD DRIVE Unit A, Mount Laurel, NJ 08054
Updated condominium residence with open living areas, a patio, and a walk-in closet in Laurel Place.
Property Size920 SF
Days on Market8
Property Features for 807 SEDGEFIELD DRIVE Unit A
General Information
Standard status
Active
Size
920 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,831
Building Details
Building Size
920 SF
Year Built
1988
Listing Agency:
BHHS Fox & Roach-Moorestown
Listed By:
Erin K Lewandowski
(856) 308-4381
Source:
Patmckennarealtors
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 8:50AM
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-Moorestown
Investment Insights
Based on property information with market context.
This 2-bedroom condominium offers main-floor living with an open arrangement connecting the living and dining areas. The kitchen includes white cabinetry, upgraded countertops, stainless steel appliances, a gas range, and a pass-through with breakfast bar seating. Laminate flooring extends through the primary living spaces, while the living room opens to an attached patio through a slider replaced in 2021. The primary bedroom includes plush carpeting and a walk-in closet.
Replacement windows, HVAC, and the hot water heater are all less than 5 years old. Built in 1988, the residence is located in the Laurel Place community at 807 Sedgefield Drive in Mount Laurel, New Jersey. A 1-year HSA home warranty is included.
Replacement windows, HVAC, and the hot water heater are all less than 5 years old. Built in 1988, the residence is located in the Laurel Place community at 807 Sedgefield Drive in Mount Laurel, New Jersey. A 1-year HSA home warranty is included.
Key Highlights
- 2‑bedroom condominium with main‑floor living
- Replacement windows, HVAC, and hot water heater are less than 5 years old
- Kitchen with stainless steel appliances, gas range, upgraded countertops, and breakfast bar
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
$12,050
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
4.64%
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%
$241,000
$241.0K
Cap Rate 7%
$172,143
$172.1K
Cap Rate 9%
$133,889
$133.9K
Market Conditions
NOI Build-Up for 920 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
$23.2K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$21.9K $23.81/SF
− OpEx
−$9.9K −$10.72/SF
NOI
$12.0K $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%
$241,000
Cap Rate 7%
$172,143
Cap Rate 9%
$133,889
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,050 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,691 @ 7.0% cap · market cap 51.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
709
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 - Updated condominium residence with open living areas, a patio, and a walk-in closet in Laurel Place.
Where is this residential income property located?
The property is located at 807 SEDGEFIELD DRIVE Unit A Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2‑bedroom condominium with main‑floor living; Replacement windows, HVAC, and hot water heater are less than 5 years old; Kitchen with stainless steel appliances, gas range, upgraded countertops, and breakfast bar
