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    103 Rte 70. Evesham, NJ 08053
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    103 Rte 70., Evesham, NJ 08053

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    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keller Williams Marlton - Jonathan Freedman REALTOR / Real Estate Agency
    • The Ziegler Menchel Realty Group / Real Estate Agency
    • Rizin Jackson / Real Estate Agency
    • Kerrie Dingler, Realtor - Keller Williams Realty / Real Estate Agency
    • Wanda Pichardo, Keller Williams Realty - Marlton / Real Estate Agency

    Property Details for 103 Rte 70.

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This Evesham, NJ office space at 103 E Rte 70, 2nd Floor, offers a variety of flexible workspace solutions in Burlington County. The property caters to diverse business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenancy is multiple, allowing for businesses of various sizes to find a suitable fit. Options range from fully furnished and equipped private offices tailored to individual requirements, accommodating one person or a large company, to customizable spaces for disaster recovery and day offices. Coworking options include shared office or open-plan areas with daily or hot desk reservations. Meeting rooms are available for short-term or long-term use, equipped with Wi-Fi and presentation capabilities. Virtual office services are also offered, including prestigious business addresses, mail handling, and virtual assistant support, with varying levels of access to physical office space. Flexible working plans provide access to a global network of workspaces, offering options for 5, 10, or unlimited days per month. The property's location in Evesham, NJ, offers convenient access to Route 70. While the total building square footage is not specified, the available office spaces cater to a wide range of business sizes and needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Evesham
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9134
    Latitude
    39.8923

    Comparable in this City

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      93,766 SF

      1 Executive Dr

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      0 1 Executive Dr, Evesham, NJ 08053
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    • Value Estimation by Request

      5 Greentree Ctr

      Coworking space
      5 Greentree Ctr, Evesham, NJ 08053
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    • Value Estimation by Request
      2,600 SF

      651 Nj-73

      Medical Office Space
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      1,100 SF

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      750 Nj-73, Evesham, NJ 08053
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    • Value Estimation by Request
      30,000 SF

      95 Marlton Pike

      Medical Office Space
      95 Marlton Pike, Evesham, NJ 08053
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    • Value Estimation
      $1,510,000
      11,850 SF

      127 Church Rd

      MEDICAL BUILDING
      127 Church Rd, Marlton, NJ 08053-9402
      View Details

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    Evesham, NJ 08053
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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.

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