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    Property profile & analytics

    104 Parkway Dr Egg Harbor Township, NJ 08234

    • Flex space
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1766213
    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

    • Flex space

    Property Details for 104 Parkway Dr

    Property type
    Flex space
    Property subtype
    Manufacturing properties

    Description

    This exceptional Class A industrial property, located at 104 E Parkway Dr in Egg Harbor Township, NJ 08234, offers flexible build-to-suit options ranging from 13,750 to 27,500 square feet. The space is ideally suited for manufacturing, flex, or warehousing operations, boasting a 28-foot ceiling height and six loading docks for efficient material handling. The property is zoned GC - General Commercial, permitting a variety of uses including light machinery manufacturing, metal and wood product fabrication, and warehousing and storage. Situated within the Egg Harbor Industrial Park, this location provides unparalleled convenience, with easy access to major transportation arteries such as the Garden State Parkway and Atlantic City Expressway. Its proximity to Atlantic City Airport, where a new 75,000 square foot cargo hanger is under development, further enhances its logistical advantages. Multiple tenancy is available, making this a versatile option for businesses of various sizes. This prime location offers a strategic advantage for companies seeking efficient operations and seamless connectivity within a thriving industrial hub. The property's modern design and ample space provide a flexible and efficient environment for a wide range of industrial applications.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Egg Harbor Township
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5610207
    Latitude
    39.41787

    Comparable in this City

    • Contact for pricing
      30,000 SF

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      15,000 SF Available Now in NJ
      12 Canale Dr, Egg Harbor Township, NJ 08234
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    • $12 SF/Yr
      90,000 SF

      Flex Warehouse Space Available

      90,000 SF Flex/Warehouse, Multiple Units
      2511 Fire Rd, Egg Harbor Township, NJ 08234
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    • $11 SF/Yr
      9,000 SF

      Office/Flex Building with Warehouse

      9,000+/- SF office/flex building with warehouse space for rent.
      2727 Fire Rd, Egg Harbor Township, NJ 08234
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    • $9 SF/Yr
      356,321 SF

      Prime Industrial Location Near Expressway

      Office and warehouse space with high ceilings and crane.
      5 Canale Dr, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      8,500 SF

      Industrial Space Near Transportation Routes

      8,500 SF industrial space with easy transportation access.
      2733 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      9,000 SF

      9,000 SF Office/Flex Building

      Office/flex building with warehouse space, convenient highway access.
      2727 Fire Rd, Egg Harbor, NJ 08234
      View Details

    Similar Nearby for Sale

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      246,500 SF

      Egg Harbor Industrial Warehouse

      246,500 SF industrial building in Egg Harbor Township, NJ.
      Aifam Ave, Egg Harbor Township, NJ 08234
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    • Contact for pricing
      171,000 SF

      Available Warehouse Space For Sale

      Warehouse space available ranging from 50,000 to 171,000 square feet.
      207 W Parkway Dr, Egg Harbor Township, NJ 08234
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    • Contact for pricing
      171,000 SF

      Industrial Space in Egg Harbor

      Available industrial space in Egg Harbor Township, New Jersey.
      West Parkway Dr, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      2,100 SF

      Flex-Warehouse with Office-Showroom

      New flex-warehouse with office-showroom, ideal for contractors or storage.
      2501 Fernwood Ave, Egg Harbor Township, NJ 08234
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    • Contact for pricing
      36,720 SF

      Industrial Facility Leased to FedEx

      36,720 SF industrial facility on 4 acres, fully leased.
      4 Canale Dr, Egg Harbor Township, NJ 08234
      View Details
    • $325,000
      1,846 SF

      Flex Space with Garage Bays

      Flex space with ample parking, garage bays, and office.
      6604 Delilah Rd, Egg Harbor Township, NJ 08234
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    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Prime Egg Harbor Industrial Space

      15,000 SF Available Now in NJ
      12 Canale Dr, Egg Harbor Township, NJ 08234
      View Details
    • $12 SF/Yr
      90,000 SF

      Flex Warehouse Space Available

      90,000 SF Flex/Warehouse, Multiple Units
      2511 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • $11 SF/Yr
      9,000 SF

      Office/Flex Building with Warehouse

      9,000+/- SF office/flex building with warehouse space for rent.
      2727 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • $9 SF/Yr
      356,321 SF

      Prime Industrial Location Near Expressway

      Office and warehouse space with high ceilings and crane.
      5 Canale Dr, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      9,000 SF

      9,000 SF Office/Flex Building

      Office/flex building with warehouse space, convenient highway access.
      2727 Fire Rd, Egg Harbor, NJ 08234
      View Details
    • Contact for pricing
      8,500 SF

      Industrial Space Near Transportation Routes

      8,500 SF industrial space with easy transportation access.
      2733 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
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    Egg Harbor Township, NJ 08234
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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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