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    Property profile & analytics

    10 Park Dr Shamong, NJ 08088-8994

    • Warehouses
    • 3,500 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1102437
    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

    • RNR Contractors / Excavating Contractor

    Property Details for 10 Park Dr

    Lot size
    2.00 lot acres
    Property size
    3,500 SF
    Zone code
    PVI
    Property type
    Warehouses
    APN
    32 00027- 02-00005
    APU
    32000270200005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $234,000
      Market price range: $109k - $444k

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

    Location Insight

    • Map
    • Local Demand
    City
    Shamong
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.7526
    Latitude
    39.7893
    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
    $7,311
    $120,000
    $132,800
    $252,800
    -
    $120,000
    $132,800
    $252,800

    Comparable in this City

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      $345,000
      3.58 Acres

      5 Kerry Ct

      WAREHOUSE, STORAGE • 3.58 Acres
      5 Kerry Ct, Southampton, NJ 08088-3587
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    • Value Estimation
      $780,000
      24,360 SF

      133 Eayrestown Rd

      WAREHOUSE, STORAGE • 24,360 SF
      133 Eayrestown Rd, Southampton, NJ 08088-9122
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    • Value Estimation
      $325,000
      3,500 SF

      12 Park Dr

      INDUSTRIAL (GENERAL) • 3,500 SF
      12 Park Dr, Shamong, NJ 08088-8994
      View Details
    • Value Estimation
      $295,000
      2.00 Acres

      132 Red Lion Rd

      INDUSTRIAL (GENERAL) • 2.00 Acres
      132 Red Lion Rd, Southampton, NJ 08088-3532
      View Details
    • Value Estimation
      $280,000
      1.00 Acre

      1608 Rte 206

      INDUSTRIAL (GENERAL) • 1.00 Acre
      1608 Rte 206, Tabernacle, NJ 08088-8724
      View Details
    • Value Estimation
      $275,000
      1.00 Acre

      1794 Rte 70

      INDUSTRIAL (GENERAL) • 1.00 Acre
      1794 Rte 70, Vincentown, NJ 08088
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      Southampton Industrial Space - 2 Acres

      Prime Industrial Space: Office & Warehouse
      127 Red Lion Rd, Southampton, NJ 08088
      View Details
    • $969,000
      4.00 Acres

      Shamong Industrial Park Land

      Four-acre corner lot, ideal for development.
      2 Stokes Rd, Shamong, NJ 08088
      View Details
    • $789,000
      2,350 SF

      Route 206 Commercial Property

      Well-maintained commercial property on 2.8 acres with high visibility.
      1507 Route 206, Tabernacle, NJ 08088
      View Details
    • $579,000
      1.64 Acres

      Office Building on 1.6 Acres

      Office building or school on 1.6 acres with parking.
      435 Oakshade Rd, Shamong Township, NJ 08088
      View Details
    • $1,100,000
      4,500 SF

      Vincentown Multi-Family Investment Opportunity

      Thriving Tavern, 8 Rentals, 2.38 Acres
      112 Rt. 72, Vincentown, NJ 08088
      View Details
    • Contact for pricing
      2.00 Acres

      Route 206 Commercial Land Opportunity

      Prime NJ Commercial Land, High-Growth Area
      1751-1753 Rte 206, Southampton Township, NJ 08088
      View Details

    Similar Nearby for Lease

    • $4,800 /Mo

      Versatile Rental Space on Route 206

      5,300 sq ft rental space in Southampton, NJ on Route 206
      2127 Route 206, Southampton, NJ 08088
      View Details
    • $3,800 /Mo

      Versatile Office Warehouse Space Available

      3,700 sq ft office and warehouse space for rent.
      127 Red Lion Rd, Southampton, NJ 08088
      View Details
    • $2,700 /Mo
      245,243 SF

      Retail Space in Red Lion Plaza

      1,200 SF retail space in high-traffic Southampton location.
      1805 Route 206, Southampton, NJ 08088
      View Details
    • $1,000 /Mo

      Move-in Ready Office Space Available

      First-floor office space suitable for professional or medical use.
      459 Oakshade Rd, Shamong, NJ 08088
      View Details
    • $1,400 /Mo

      Prime Commercial Space in Southampton

      Commercial space in Southampton with easy highway access for rent.
      1 Linda Ln, Southampton, NJ 08088
      View Details
    • Contact for pricing
      344,124 SF

      Route 206 Retail Spaces For Lease

      Prime Burlington County Retail Opportunity
      1751-1753 Rte 206, Southampton Township, NJ 08088
      View Details
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    10 Park Dr
    Shamong, NJ 08088-8994
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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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