Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Suite Near Cooper River Title is generated by Realmo AI

    2400 McClellan Ave, Merchantville, NJ 08109

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    1,000 SF office suite in multi-tenant building for rent.

    Type:Office
    Property size:
    1,000 SF
    Added:
    Oct 7, 2024
    Days on Market:
    601
    Last Refresh:
    May 12 at 8:56 pm

    Property Features for 2400 McClellan Ave

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 2400 McClellan Ave Contact us

    Suite 101 - 2400 McClellan Avenue $17/Mo

    Size
    1,000 SF
    Type
    Office
    1,000 SF suite located in a 183,000 SF multi-tenant building Two (2) private bathrooms...
    show more
    Contact us

    We can help!

    Listing Contact
    Roy Kardon

    Listing agent Roy Kardon License #NJ 9590452

    Listing office NAI Mertz Mt. Laurel

    Listing date Oct 7, 2024

    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 Mt. Laurel

    HighLights

    • Located on the picturesque Cooper River
    • Walking distance to Route 70
    • Minutes to Routes 38, 130, and 30; minutes to Ben Franklin Bridge
    • 1,000 SF suite in a multi‑tenant building
    • Features two (2) private bathrooms
    • One (1) ADA‑compliant bathroom

    Overview

    A 1,000 square foot suite is available for rent within a 183,000 square foot multi-tenant building. The suite includes two private bathrooms, one of which is ADA compliant. The property is situated on the Cooper River. It is within walking distance of Route 70 and minutes from Routes 38, 130, and 30, as well as the Ben Franklin Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Merchantville
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0501
    Latitude
    39.95

    Nearby Similar for Lease

    • $3,500/Mo

      Merchantville Commercial Property For Lease

      High-visibility corner lot in Merchantville business district, suitable for various businesses.
      31-33 CENTRE, MERCHANTVILLE, NJ 08109
      View Details
    • $1,600/Mo

      Merchantville Office Space For Lease

      Well-maintained commercial space in Merchantville, currently zoned as office.
      220 N CENTRE Street, MERCHANTVILLE, NJ 08109
      View Details
    • $1,995/Mo

      Prime Corner Retail in Merchantville

      Prime corner retail space available in the heart of Merchantville.
      26-28 S CENTRE Street, MERCHANTVILLE, NJ 08109
      View Details
    • $1,000/Mo
      950 SF

      Retail/Office Space on Maple Avenue

      Retail or office spaces available for rent in Merchantville, NJ.
      4104 Maple Avenue, Merchantville, NJ
      View Details
    • Contact for pricing
      2,621 SF

      Flex Space with Loading Dock

      Versatile flex space with high ceilings and convenient loading.
      5045-5057 NJ-38, Merchantville, NJ
      View Details
    • $17 SF/Yr

      Retail Space for Lease

      Retail property available for lease in Pennsauken Township, NJ.
      7027 Route 38, Pennsauken Township, NJ 08109
      View Details
    • Contact for pricing

      Office and Flex Park

      Two-building office and flex park with highway access.
      7150-7194 N. Park Drive, Pennsauken Township, NJ 08109
      View Details

    FAQs

    What type of property is this?
    Office units - 1,000 SF office suite in multi-tenant building for rent.
    Where is this office units located?
    The property is located at 2400 McClellan Ave Merchantville, NJ.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Located on the picturesque Cooper River; Walking distance to Route 70; Minutes to Routes 38, 130, and 30; minutes to Ben Franklin Bridge
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roy Kardon
    Real Estate License ID: NJ 9590452
    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

    Thank You for Inquiry
    2400 McClellan Ave, Pennsauken Township, NJ 08109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!