Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    108 K Turnersville, NJ 08012

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 K Turnersville, NJ 08012

    View on Map
    • Office properties & Spaces
    • 3.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 108 K

    Year built
    1900
    Lot size
    3.72 lot acres
    Property type
    Office properties & Spaces

    Description

    This exceptional 800-square-foot office space is located at 108-110 Greentree Road, Unit 110K, in Turnersville, New Jersey. Situated within a convenient and highly visible complex, this unit presents a fantastic opportunity for a small business seeking a move-in ready location. The space is a "vanilla box," meaning it's ready for immediate tenant improvements to suit your specific needs. The landlord has already prepared the unit, minimizing your upfront costs and allowing you to focus on your business. Ample parking is available, ensuring convenient access for both employees and clients. The property boasts a prime location, offering easy access and high visibility, making it simple for clients to find. This is the last available unit in the complex, making this a truly unique opportunity. The monthly lease rate is $1300, plus utilities. Importantly, there are no NNN (Net, Net, Net) fees associated with this lease, meaning your costs are straightforward and predictable. The 3.72-acre lot provides ample space and parking for the entire complex. Don't miss out on this exceptional opportunity to secure a well-located, move-in ready office space in a highly desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Turnersville
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.049
    Latitude
    39.7591

    Comparable in this City

    • Value Estimation by Request

      860 Rte 168th Ste, Unit 106

      CONDOMINIUM OFFICES
      860 Rte 168th Ste, Blackwood, NJ 08012-3224
      View Details
    • Value Estimation by Request

      138 Fries Ml Rd Ste, Unit 3

      CONDOMINIUM OFFICES
      138 Fries Ml Rd Ste, Blackwood, NJ 08012-1600
      View Details
    • Value Estimation by Request

      900 Rte 168th Ste A5

      CONDOMINIUM OFFICES
      900 Rte 168th Ste A5, Blackwood, NJ 08012-3207
      View Details
    • Value Estimation by Request
      25,261 SF

      501 Black Horse Pike

      Office properties & Spaces • 25,261 SF
      501 Black Horse Pike, Gloucester Township, NJ 08012
      View Details
    • Value Estimation by Request

      901 Rte 168th Ste, Unit 102

      CONDOMINIUM OFFICES
      901 Rte 168th Ste, Blackwood, NJ 08012-3200
      View Details
    • Value Estimation by Request

      901 Rte 168th Ste, Unit 104

      CONDOMINIUM OFFICES
      901 Rte 168th Ste, Blackwood, NJ 08012-3200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.01 Acres

      Blackwood Office Space - Prime Location

      High-visibility office, 3+ acres, immediate occupancy.
      460 Black Horse Pike, Blackwood, NJ 08012
      View Details
    • $1,250,000

      Full Floor Office Suites

      Full floor availability with upgraded interior fitout and conference areas.
      900 Route 168 N, Blackwood, NJ 08012
      View Details
    • $399,000

      Commercial Suites in Blackwood, NJ

      Turnkey investment opportunity with long-term tenant near Route 168.
      900 Route 168, Blackwood, NJ 08012
      View Details
    • $569,900

      Medical Office Near Jefferson Hospital

      Medical office with upgraded interior, near Jefferson Hospital.
      570 Egg Harbor Rd, Washington Township, NJ 08012
      View Details
    • $300,000
      Pending

      Blackwood Commercial Building on Black Horse Pike

      Commercial building with high visibility and ample parking in Blackwood.
      717 S Black Horse Pike, Blackwood, NJ 08012
      View Details
    • $435,000
      0.19 Acres

      Mixed-Use Property in Gloucester Township

      Versatile mixed-use property with apartment and office suites.
      100 N Black Horse Pike, Blackwood, NJ 08012
      View Details

    Similar Nearby for Lease

    • $400 /Mo

      Professional Offices in Blackwood, NJ

      Small office spaces suitable for various professionals in Blackwood, NJ.
      900 Route 168, Blackwood, NJ 08012
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space featuring seven private offices or exam rooms.
      151 Fries Mill Rd, Blackwood, NJ 08012
      View Details
    • $350 /Mo
      80,586 SF

      Blackwood Office Suites For Lease

      Office suites available in a prime Blackwood, NJ location.
      571 Route 168, Blackwood, NJ 08012
      View Details
    • Contact for pricing

      Second Floor Office Space

      Second floor office space available for rent.
      5070 Route 42, Turnersville, NJ 08012
      View Details
    • Contact for pricing

      Multi-Tenant Office/Warehouse Complex For Rent

      Multi-tenant office/warehouse complex with highway visibility and convenient access.
      1001 Lower Landing Rd, Blackwood, NJ 08012
      View Details
    • $2,900 /Mo
      18,731 SF

      Turnersville Office Space For Lease

      Two-story office building in high-traffic location available for lease.
      3121 Black Horse Pike, Turnersville, NJ 08012
      View Details
    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.
    108 K
    Turnersville, NJ 08012
    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!