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Unique Multi-Building Property on 10+ Acres

DELRAN, NJ 08075 Delran, NJ 08075

Claim this Listing
For Sale
$2,400,000

SINGLE_FAMILY - DELRAN, NJ

Property size:
16,000 SF
Price / SF:
$150/SF
Added:
Oct 27, 2025
Days on Market:
257
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
16,000 SF

Building Details

Year built
1881

Listing agent Sid Benstead License #RS361696

Listing office BHHS Fox & Roach Marlton-Voorhees Home Marketing Center NJ

Listing date Oct 27, 2025

MLS# NJBL2098370

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This unique property is situated on 10.97 acres of land and includes a Victorian mansion featuring four bedrooms on the second floor and two bedrooms on the third floor. In addition to the main house, the property also contains two additional houses and a 16,000+ square foot office/school building. The main house includes an in-ground pool, workshop, and garage. Ample parking is available in the parking lot designated for the office/school building. Prospective buyers are required to obtain necessary approvals from the township for their intended use. The tax map and zoning permitted uses are attached. This property presents considerable potential.

Key Highlights

  • 10.95 acres of land
  • Victorian mansion with 6 bedrooms
  • Additional 2 houses on the property

Local Financial Insights For Apartment 5plus

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 $403.2k $25.20
− Vacancy −$22.2k −$1.39
EGI $381.0k $23.81
− OpEx −$171.5k −$10.72
NOI $209.6k $13.10
16,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$2.99M
$2.62M – $3.49M (±1% cap)
NOI $209,563 @ 7.0% cap · market cap 8.73%
Second Best
Office B
$2.05M
$1.79M – $2.39M (±1% cap)
NOI $143,539 @ 7.0% cap · market cap 5.98%
Theoretical Best
Warehouse
$33.46M
$29.28M – $39.04M (±1% cap)
NOI $2,342,459 @ 7.0% cap · market cap 97.60%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Schools

FAQs

What type of property is this?
School - Victorian mansion, additional houses, and a 16,000+ sq ft building.
Where is this school located?
The property is located at Delran, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10.95 acres of land; Victorian mansion with **6 bedrooms**; Additional 2 houses on the property
Contact an agent
More about this property
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