Route 38 Professional Office
3201 Route 38 Mount Laurel, NJ 08054
3201 Route 38, Mount Laurel, NJ, 08054
Contact for pricing
For Sale
Contact for pricing
Eight-suite office building on Route 38 with high visibility.
Property Size8,000 SF
Price / SF$150
Days on Market2295
Property Features for 3201 Route 38
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1987
Listing agency
KW Realty-Medford
(609) 458-3711
Listed by
James Moffa · License #NJ 901791
Source
Crexi
Added: Apr 9, 2020 Updated: Jul 10 at 3:43PM Checked: Jul 20 at 7:09AM
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 KW Realty-Medford
Investment Insights
Based on property information with market context.
This is an eight-suite professional office building located on Route 38 in Mt. Laurel, strategically positioned next to the Larchmont Shopping Center. The property benefits from busy highway exposure, high visibility, and easy access. Five of the eight office suites are currently leased. Each unit includes one restroom, and the building features a full basement with individual storage space and sump pumps for each suite. The overall condition of the building is above average, and all aspects of the complex meet or exceed code. Each unit is independently metered, with tenants responsible for their own electric, cable, and a percentage of water and sewer costs. The property offers excellent visibility for signage. Its location provides convenient access to surrounding amenities such as the Centerton Square Shopping Center, Promenade Shopping Center, Cherry Hill & Moorestown Malls, various restaurants, and high-end shops. The property is also located near Routes 70, 73, 38, and 206, as well as Interstate 295, the New Jersey Turnpike, and the Atlantic City Expressway. The property is suitable for owner-occupancy or investment.
Key Highlights
- High‑visibility location on Route 38 with easy access and proximity to Larchmont Shopping Center.
- 8‑suite professional office building with 5 suites currently leased, offering immediate income potential.
- Each suite has a private restroom, basement storage, and independent sump pump.
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 | $107.5k | $13.44 |
| − Vacancy | −$11.8k | −$1.48 |
| EGI | $95.7k | $11.96 |
| − OpEx | −$23.9k | −$2.99 |
| NOI | $71.8k | $8.97 |
8,000 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$897.1K – $1.20M
NOI $71,770 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$16.73M
$14.64M – $19.52M
NOI $1,171,229 @ 7.0% cap · market cap 97.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Eight-suite office building on Route 38 with high visibility.
Where is this office building located?
The property is located at 3201 Route 38 Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑visibility location on Route 38 with easy access and proximity to Larchmont Shopping Center.; 8‑suite professional office building with 5 suites currently leased, offering immediate income potential.; Each suite has a private restroom, basement storage, and independent sump pump.
