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    2106 New Rd Linwood, NJ 08221

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    2106 New Rd Linwood, NJ 08221

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    • Office properties & Spaces
    • 1,153 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2106 New Rd

    Year built
    1985
    Property size
    1,153 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional 1,153 square foot office space, located at 2106 New Road Unit E1 in Linwood, New Jersey, presents a fantastic opportunity for businesses seeking a professional and inviting environment. Situated within Linwood Commons, a highly desirable office park in Atlantic County, this property boasts a charming brick colonial building design. The interior layout is thoughtfully designed to maximize functionality and create a welcoming atmosphere for both employees and clients. The space includes four private offices, perfect for individual work or team collaboration, a dedicated reception area for greeting visitors, and a convenient kitchenette for staff use. This location offers easy access to a diverse range of professional businesses, including medical, legal, and financial firms, fostering networking opportunities and a thriving professional community. The well-maintained office park provides a pleasant and efficient work environment, ensuring a positive experience for all. The asking price for this turnkey office space is $189,999. This property is ideal for a primary office or a satellite location, offering a blend of professional appeal and convenient amenities. The property is located in Linwood, NJ and is 1,153 square feet. The lot size is zero acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Linwood
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.587
    Latitude
    39.3344

    Comparable in this City

    • Value Estimation
      $1,660,000
      5,680 SF

      1401 New Rd

      OFFICE BUILDING • 5,680 SF
      1401 New Rd, Linwood, NJ 08221-1121
      View Details
    • Value Estimation
      $3,095,000
      10,600 SF

      650 New Rd

      OFFICE BUILDING • 10,600 SF
      650 New Rd, Linwood, NJ 08221-1252
      View Details
    • Value Estimation by Request
      1,560 SF

      2030 New Rd, Unit 400

      OFFICE BUILDING • 1,560 SF
      2030 New Rd, Linwood, NJ 08221-1042
      View Details
    • Value Estimation by Request
      1,264 SF

      1230 Shr Rd

      OFFICE BUILDING • 1,264 SF
      1230 Shr Rd, Linwood, NJ 08221-2442
      View Details
    • Value Estimation by Request
      0.74 Acres

      605 New Rd

      OFFICE BUILDING • 0.74 Acres
      605 New Rd, Linwood, NJ 08221-1238
      View Details
    • Value Estimation by Request
      1,216 SF

      2030 New Rd, Unit 300

      OFFICE BUILDING • 1,216 SF
      2030 New Rd, Linwood, NJ 08221-1042
      View Details

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    Similar Nearby for Lease

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      Spacious Second Floor Office Space

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      Linwood Office/Professional Space Available

      First floor office/professional space for lease in Linwood, NJ.
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      Linwood Office/Professional Space Available

      First floor office/professional space for lease in Linwood, NJ.
      650 New Rd, Linwood, NJ 08221
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    2106 New Rd
    Linwood, NJ 08221
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    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
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