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    502 Lambs Rd Pitman, NJ 08071

    • Commercial real estate
    • 0.42 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US59-0033855
    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

    • Commercial real estate

    Property Details for 502 Lambs Rd

    Construction
    CONCRETE BLOCKS
    Lot size
    0.42 lot acres
    Property type
    Commercial real estate
    APN
    10 00254- 01-00027- 01
    APU
    1000254010002701

    Description

    This exceptional rental opportunity presents a generously sized 10 x 45 foot garage space located in Mantua Township, conveniently situated near Pitman, NJ. Ideal for vehicle storage, equipment housing, or workshop needs, this space offers ample room for various uses. The garage is conveniently located, providing easy access for tenants. The monthly rental rate is not specified, and interested parties should inquire directly for pricing details. All utilities are included in the rental price, eliminating the need for tenants to manage separate utility accounts. This is a fantastic opportunity for individuals or businesses seeking secure and affordable storage or workspace. The property is described as "Other" in type, indicating its suitability for a range of uses beyond standard residential or commercial classifications. The absence of a listed square footage does not diminish the substantial size of the garage, which is clearly defined by its dimensions. This is a rare opportunity to secure a large, well-maintained garage space in a desirable location. Contact us today to schedule a viewing and discuss rental terms. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $175,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $200,000
      Mixed-Use
      $210,000
      Hospitality
      $210,000
      Educational
      $165,000
      Residential Income
      $155,000
      Energy
      $200,000
      Income-Based Land
      $200,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Pitman
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.1397
    Latitude
    39.7407
    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
    $4,131
    $73,200
    $50,400
    $123,600
    -
    $73,200
    $50,400
    $123,600

    Comparable in this City

    • Value Estimation
      $340,000
      2,333 SF

      303 Broadway

      COMMERCIAL (GENERAL) • 2,333 SF
      303 Broadway, Pitman, NJ 08071-1039
      View Details
    • Value Estimation by Request
      1.70 Acres

      70-72 Holly Ave

      COMMERCIAL (GENERAL) • 1.70 Acres
      70-72 Holly Ave, Pitman, NJ 08071
      View Details
    • Value Estimation
      $225,000
      0.07 Acres

      16 Broadway

      COMMERCIAL (GENERAL) • 0.07 Acres
      16 Broadway, Pitman, NJ 08071-1434
      View Details
    • Value Estimation
      $250,000
      0.42 Acres

      124 Broadway

      COMMERCIAL (GENERAL) • 0.42 Acres
      124 Broadway, Pitman, NJ 08071-1035
      View Details
    • Value Estimation
      $280,000
      0.07 Acres

      20 Broadway

      COMMERCIAL (GENERAL) • 0.07 Acres
      20 Broadway, Pitman, NJ 08071-1434
      View Details
    • Value Estimation
      $215,000
      0.03 Acres

      50 Broadway

      COMMERCIAL (GENERAL) • 0.03 Acres
      50 Broadway, Pitman, NJ 08071-1443
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Pitman Garage Rental

      Large, secure garage space available.
      502 Lambs Rd, Pitman, NJ 08071
      View Details
    • $345,000
      1,382 SF

      Charming Colonial Near Downtown Pitman

      Classic 3-bed, 2.5-bath twin near shops, dining, and schools.
      32 Linden Ave, Pitman, NJ 08071
      View Details
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    502 Lambs Rd
    Pitman, NJ 08071
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    Realmo Value Estimation

    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.

    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.

    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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