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    600 Lenola Rd Maple Shade, NJ 08052

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    600 Lenola Rd Maple Shade, NJ 08052

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    • Land
    • 2 SF
    • 1.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 600 Lenola Rd

    Lot size
    1.76 lot acres
    Property size
    2 SF
    Property type
    Land
    Property subtype
    Retail space

    Description

    This exceptional 1.76-acre commercial pad site presents a unique investment opportunity in Burlington County. Ideally situated at the intersection of highly trafficked Route 38 and Lenola Road, this property boasts unparalleled visibility and accessibility. Its strategic location places it directly adjacent to a newly constructed Wawa convenience store, ensuring high foot traffic and consumer visibility. Furthermore, the site is conveniently located across from the established East Gate Square Shopping Center and the Moorestown Mall, providing immediate access to a substantial consumer base. The property is designated for commercial use and is available for sublease and development. The sublandlord offers a flexible sublease term with attractive renewal options and a commitment to proactive and supportive management. This is a rare chance to acquire a prime commercial parcel in a thriving retail corridor, offering significant potential for immediate returns and long-term growth. The total building square footage is currently listed as 2 square feet, indicating the land is primarily undeveloped and ready for construction. This presents a blank canvas for developers seeking to capitalize on the area's strong retail environment and high traffic volume. The site's size and location make it suitable for a variety of commercial developments, from retail establishments to restaurants and other businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Maple Shade
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9969
    Latitude
    39.9524

    Comparable in this City

    • Value Estimation by Request
      0.41 Acres

      2937 Nj-73

      Land • 0.41 Acres
      2937 Nj-73, Maple Shade, NJ 08052
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    • Value Estimation by Request
      0.61 Acres

      450 Lenola Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.61 Acres
      450 Lenola Rd, Maple Shade, NJ 08052-1608
      View Details
    • Value Estimation by Request
      10,263 SF

      2 Forklanding Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,263 SF
      2 Forklanding Rd, Maple Shade, NJ 08052-2611
      View Details
    • Value Estimation by Request
      1,600 SF

      3071 Rte 73rd S

      CONVENIENCE STORE • 1,600 SF
      3071 Rte 73rd S, Maple Shade, NJ 08052-1064
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    • Value Estimation by Request
      3,319 SF

      124 Main St

      FINANCIAL BUILDING • 3,319 SF
      124 Main St, Maple Shade, NJ 08052-2628
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    • Value Estimation
      $1,985,000
      2,682 SF

      255 Main St

      FINANCIAL BUILDING • 2,682 SF
      255 Main St, Maple Shade, NJ 08052
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Medical Building on Route

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      32,160 SF

      Maple Shade Investment Opportunity

      Shopping center and office building with income potential in Maple Shade.
      2941 Nj-73, Maple Shade, NJ 08052
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    • $500,000

      Maple Shade Commercial Land Available

      2.77 acres of commercially zoned land for sale.
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    • $395,000

      Three-Unit Rental Property For Sale

      Three-unit rental property with commercial and residential tenants.
      15 S Forklanding Rd, Maple Shade, NJ 08052
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      Commercial Land on High-Traffic Route

      One-acre lot in redevelopment zone with high visibility.
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    • $450,000

      Commercial Land on Route 73

      2.58 acres of commercial land in high-traffic area.
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    Similar Nearby for Lease

    • $16 SF/Yr

      Retail Space with Signage Available

      Retail space with pylon and store signage available for immediate occupancy.
      300 S Lenola Rd, Maple Shade, NJ 08052
      View Details
    • Contact for pricing

      1.76 Acre Pad Site

      Premier pad site available for sublease and development.
      600 Lenola Rd, Maple Shade, NJ 08052
      View Details
    • Contact for pricing

      Freestanding Warehouse on High-Traffic Corner

      5,000 SF warehouse at signalized intersection near major routes.
      605 Stiles Ave, Maple Shade, NJ 08052
      View Details
    • Contact for pricing

      Maple Shade Warehouse Space Available

      7,400 SF warehouse with office space for lease.
      65 Old Kings Hwy, Maple Shade, NJ 08052
      View Details
    Request Owner's contact information
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    600 Lenola Rd
    Maple Shade, NJ 08052
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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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