Single Story Condo
767 Route 70 East Marlton, NJ 08053
767 Route 70 East, Marlton, NJ, 08053
Contact for pricing
For Sale
Contact for pricing
10,700+/- SF three-unit condo building on Route 70.
Property Size10,700 SF
Price / SF$172.90
Days on Market1163
Property Features for 767 Route 70 East
General Information
- Standard status
- Active
- Size
- 10,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 2004
Listing Agency
NAI Mertz Mt. Laurel
(856) 802-6516
Listed by
Rebecca Ting · License #NJ 8534982
Source
Crexi
Added: May 13, 2023 Checked: Jul 16 at 10:17 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 NAI Mertz Mt. Laurel
Investment Insights
Based on property information with market context.
This is a single-story, three-unit condominium building with a size of approximately 10,700 square feet, which can be divided. The property is located on Route 70, and is situated minutes from Route 73.
Key Highlights
- 10,700+\/- SF (Divisible) Single Story Condo Building
- Three Unit Condo Building
- Located on Route 70
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 | $235.0k | $21.96 |
| − Vacancy | −$34.8k | −$3.25 |
| EGI | $200.2k | $18.71 |
| − OpEx | −$50.0k | −$4.68 |
| NOI | $150.1k | $14.03 |
10,700 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.14M
$1.88M – $2.50M
NOI $150,147 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.71M
$2.37M – $3.17M
NOI $189,913 @ 7.0% cap · market cap 10.27%
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?
Office building - 10,700+/- SF three-unit condo building on Route 70.
Where is this office building located?
The property is located at 767 Route 70 East Marlton, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 10,700+\/- SF (Divisible) Single Story Condo Building; Three Unit Condo Building; Located on Route 70
