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    750 Rte 73 Evesham Township, NJ 08053

    • Office Properties & Spaces
    • 1,285 SF
    For Sale
    View listing
    $175,900
    Last Sale
    Dec 31, 2024
    $237,500
    Value Estimations
    Cap Rate Potential
    4.3%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US59-1834425
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 750 Rte 73

    Year built
    1989
    Property size
    1,285 SF
    Zone code
    C-1
    Property type
    Office Properties & Spaces
    APN
    13 00035- 10-00001-0000-C101A
    APU
    130003510000010000C101A

    Description

    This completely renovated 750 Route 73 Unit 310B office suite in Marlton, NJ, offers immediate occupancy. Located in the Willow Ridge development, this second-floor space boasts a spacious waiting area and multiple offices, ideal for medical practices or similar uses. The unit features new carpeting and fresh paint throughout, ensuring a modern and professional atmosphere. Its convenient location directly off Route 73 provides excellent accessibility for patients and staff. The suite is in pristine condition and ready for immediate use, eliminating the need for costly renovations or upgrades. The building's location within the Willow Ridge development offers a desirable professional setting. This versatile space is well-suited for a variety of medical or professional office applications. The property is easily accessible from Route 73, ensuring convenient commutes for employees and clients. The size of the unit is not specified, but the description emphasizes its spaciousness and suitability for multiple offices and a waiting area. This turnkey solution presents a rare opportunity for businesses seeking a modern, well-maintained office space in a prime Marlton location. The property is situated on a 0-acre lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $205,000
      6.5%
      $190,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $272,000
      Market price range: $176k - $412k
      AI Estimate
      $267,000
      Market price range: $164k - $362k

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9217
    Latitude
    39.8679
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,696
    $85,000
    $68,000
    $153,000
    -
    $85,000
    $68,000
    $153,000

    Comparable in this City

    • Value Estimation by Request
      1,168 SF

      651 Route 73

      Office Properties & Spaces • 1,168 SF
      651 Route 73, Marlton, NJ 08053
      View Details
    • Value Estimation by Request
      1,398 SF

      525 Route 73

      Office Properties & Spaces • 1,398 SF
      525 Route 73, Marlton, NJ 08053
      View Details
    • Value Estimation
      $315,000
      8,582 SF

      100 Sharp Rd, Unit 101

      CONDOMINIUM OFFICES • 8,582 SF
      100 Sharp Rd, Marlton, NJ 08053-5547
      View Details
    • Value Estimation
      $240,000
      1,335 SF

      750 Rte 73rd S Ste, Unit 211

      CONDOMINIUM OFFICES • 1,335 SF
      750 Rte 73rd S Ste, Marlton, NJ 08053-4133
      View Details
    • Value Estimation
      $255,000
      1,782 SF

      526th Lippincott Dr

      CONDOMINIUM OFFICES • 1,782 SF
      526th Lippincott Dr, Marlton, NJ 08053-4805
      View Details
    • Value Estimation
      $990,000
      891 SF

      514th Lippincott Dr

      CONDOMINIUM OFFICES • 891 SF
      514th Lippincott Dr, Marlton, NJ 08053-4803
      View Details

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      Marlton Office Suite - Route 73

      Move-in ready medical office suite.
      750 Route 73, Marlton, NJ 08053
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    • $159,500
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    • $175,900
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      Marlton Office Condo - $175,900

      Prime Marlton office space, 1385 sq ft.
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    • $215,000
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      Marlton Office Space - $215K

      Turnkey Office Suite, Marlton, NJ
      525 Route 73, Marlton, NJ 08053
      View Details

    Similar Nearby for Lease

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    • $5 SF/Yr

      Marlton Shared Office Space Available

      Renovated shared office space with private offices for immediate occupancy.
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      View Details
    • $8 SF/Yr
      6,249 SF

      Route 70 Office Space in Evesham, NJ

      Flexible Office Solutions in Burlington County
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      View Details
    • $700 /Mo
      19,166 SF

      Evesham Office Suite For Lease

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    • Contact for pricing
      30,000 SF

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      Newly constructed medical building with spaces for rent.
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      View Details
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    750 Rte 73
    Evesham Township, 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.

    More about this property
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