Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 W Park Dr Mount Laurel, NJ 8054

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    35,308 SF industrial building, minutes from I-295 & NJ Turnpike.

    Type:Industrial
    Property size:
    35,308 SF
    Added:
    Oct 20, 2023
    Days on Market:
    924
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 109 W Park Dr

    General Information

    Standard status
    Active
    Size
    35,308 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 109 W Park Dr Contact us

    We can help!

    Listing Contact
    Scott Mertz

    Listing agent Scott Mertz License #NJ 9701310

    Listing office NAI Mertz

    Listing date Oct 20, 2023

    Source Crexi

    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

    Overview

    Industrial Building Near I-295

    This 35,308 square foot industrial building is located in East Gate Center. The location provides convenient access, being situated minutes from I-295 and the New Jersey Turnpike (Exit 4), and just off Route 73. The property is less than 1 mile from both I-295 and the New Jersey Turnpike (Exit 4).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Laurel
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.956373
    Latitude
    39.934209

    Nearby Similar for Lease

    • $1,000/Mo

      Mount Laurel Commercial Suite Rental

      Second-floor suite near shopping with highway exposure and easy access.
      3201 ROUTE 38, MOUNT LAUREL, NJ 08054
      View Details
    • $2,379/Mo

      Modern Office Spaces For Lease

      Flexible office spaces available in Mount Laurel, New Jersey.
      501 BIRCHFIELD Drive, MOUNT LAUREL, NJ 08054
      View Details
    • $1,041/Mo

      Modern Office Spaces Available

      Flexible office spaces designed for professional success in Mount Laurel.
      803A BIRCHFIELD Drive, MOUNT LAUREL, NJ 08054
      View Details
    • $1,904/Mo

      Modern Office Spaces Available

      Flexible office spaces designed for professional success. Convenient location.
      601 BIRCHFIELD Drive, MOUNT LAUREL, NJ 08054
      View Details
    • Contact for pricing

      Mount Laurel Office Suite For Rent

      Second-floor office suite with high visibility and easy access.
      3201 Route 38 #suite 203, MOUNT LAUREL, NJ 08054
      View Details
    • $12 SF/Yr

      Versatile Commercial Space in MT LAUREL

      1350 sq ft commercial space in a vibrant, convenient neighborhood.
      1155 ROUTE 73, MT LAUREL, NJ 08054
      View Details
    • Contact for pricing

      NJ, Mount Laurel - Atrium Way

      3000 Atrium Way, Mount Laurel, NJ 08054
      View Details
    • Sponsored
      Contact for pricing

      Mt Laurel

      309 Fellowship Rd, Unit 200, Mount Laurel, NJ 08054
      View Details
    • $1,000/Mo

      Retail Space on Route 38

      Retail space available for rent on Route 38.
      3201 Route 38 #Suite 203, Mount Laurel, NJ 08054
      View Details
    • $22 SF/Yr

      Class A Office Building

      Three-story office building on heavily traveled Route 38.
      3221 Route 38, Mount Laurel, NJ 08054
      View Details
    • $2,200/Mo

      Mount Laurel Commercial Space Available

      First-level office space with high visibility and easy access.
      3201 ROUTE 38, MOUNT LAUREL, NJ 08054
      View Details
    • $1,800/Mo

      Takeout Shop For Rent

      Ice cream and sandwich takeout shop available for rent.
      101 Creek Rd, MOUNT LAUREL, NJ 08054
      View Details

    FAQs

    What type of property is this?
    Warehouse - 35,308 SF industrial building, minutes from I-295 & NJ Turnpike.
    Where is this warehouse located?
    The property is located at 109 W Park Dr Mount Laurel, NJ.
    What are key features of this property?
    This property features: 35,308 SF industrial building; Ideal location minutes from I‑295 & NJ Turnpike (Exit 4); Located in East Gate Center
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Mertz
    Real Estate License ID: NJ 9701310
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!