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    Property profile & analytics

    119 E Laurel Rd Stratford, NJ 08084

    • Commercial real estate
    • 1,380 SF
    • 0.17 lot acres
    For Sale
    View listing
    $2,000
    Last Sale
    May 02, 2023
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0257784
    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

    • Waters Hermina / Physician
    • Honig Hope S Do / Pediatrician / Physician
    • Spielberger Catherine S / Physician
    • Dr. Sharon D. Warner, MD / Physician
    • Goldis Geriatrics / Geriatric Care Provider

    Property Details for 119 E Laurel Rd

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    1,380 SF
    Property type
    Commercial real estate
    APN
    32 00040-0000-00004
    APU
    3200040000000004

    Description

    This exceptional 1,380 square foot office building, situated on a 0.17-acre lot at 119 E Laurel Road in Stratford, NJ, presents a fantastic investment opportunity. The property boasts a desirable location directly across from Stratford Jefferson Hospital, ensuring high visibility and convenient access for patients and clients. The building features a spacious reception area, perfectly suited for welcoming visitors. The first floor also includes two well-appointed doctor's offices, three exam rooms, and a convenient bathroom. Upstairs, a large lunchroom provides ample space for staff breaks, complemented by a dedicated bookkeeping office. A full basement offers additional storage or expansion potential. The property includes a private parking lot with a convenient ramp leading directly to the first floor, ensuring easy accessibility for all. This versatile space is ideal for a variety of medical, professional, or office uses, making it an attractive option for both established businesses and new ventures. The asking price is $299,000. This turnkey property offers immediate occupancy and significant potential for return on investment. The combination of prime location, ample parking, and well-designed interior space makes this an exceptional opportunity not to be missed. Contact us today to schedule a showing.

    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
    Stratford
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0084
    Latitude
    39.8301
    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
    $7,138
    $52,700
    $100,500
    $153,200
    -
    $52,700
    $100,500
    $153,200

    Comparable in this City

    • Value Estimation
      $4,280,000
      27,694 SF

      18 Laurel Rd

      COMMERCIAL (GENERAL) • 27,694 SF
      18 Laurel Rd, Stratford, NJ 08084-1718
      View Details
    • Value Estimation
      $1,910,000
      12,267 SF

      69 White Horse Pike, Unit 75

      COMMERCIAL (GENERAL) • 12,267 SF
      69 White Horse Pike, Stratford, NJ 08084-1520
      View Details
    • Value Estimation
      $905,000
      8,066 SF

      Wh Hse Park

      COMMERCIAL (GENERAL) • 8,066 SF
      Wh Hse Park, Stratford, NJ 08084
      View Details
    • Value Estimation by Request
      1,212 SF

      102 Berlin Rd

      COMMERCIAL (GENERAL) • 1,212 SF
      102 Berlin Rd, Stratford, NJ 08084-1406
      View Details
    • Value Estimation by Request
      0.26 Acres

      109 Laurel Rd

      COMMERCIAL (GENERAL) • 0.26 Acres
      109 Laurel Rd, Stratford, NJ 08084-1324
      View Details
    • Value Estimation
      $555,000
      3,662 SF

      1 White Horse Pike

      COMMERCIAL (GENERAL) • 3,662 SF
      1 White Horse Pike, Stratford, NJ 08084-1520
      View Details

    Similar Nearby for Sale

    • $299,000
      1,380 SF

      Stratford Office Building - Great Location

      Prime Office Space near Jefferson Hospital
      119 Laurel Rd, Stratford, NJ 08084
      View Details
    • Contact for pricing
      1,380 SF

      Stratford Office/Medical Property For Sale

      Office/medical property near Stratford Jefferson Hospital, suitable for various uses.
      119 E Laurel Rd, Stratford, NJ 08084
      View Details
    • Contact for pricing

      High-Visibility Retail Space, Stratford, NJ

      Prime Retail Space on White Horse Pike
      43 White Horse Pike, Stratford, NJ 08084
      View Details
    • $275,000
      1,380 SF

      Stratford Office/Medical Building For Sale

      1,380 SF office/medical building near Stratford Jefferson Hospital.
      119 E Laurel Rd, Stratford, NJ 08084
      View Details
    • $359,900
      1,766 SF

      Stratford Commercial Property For Sale

      Commercial property in Stratford, NJ, suitable for various uses.
      312 N White Horse Pike, Stratford, NJ 08084
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,850 SF

      High-Visibility Retail Space, Stratford, NJ

      Prime Retail Location, 3,850 SF, High Traffic
      1 White Horse Pike, Stratford, NJ 08084
      View Details
    • $87 SF/Yr
      744 SF

      Retail Space on White Horse Pike

      Retail space available for lease on White Horse Pike.
      2 S White Horse Pike, Stratford, NJ 08084
      View Details
    • Contact for pricing
      120,000 SF

      Stratford Industrial Redevelopment

      120,000 SF Warehouse/Manufacturing
      222 White Horse Pike, Stratford, NJ 08084
      View Details
    • Contact for pricing
      31,500 SF

      Stratford Retail Space Available

      Prime retail space, 4,000 sq ft available.
      37 White Horse Pike, Stratford, NJ 08084
      View Details
    • $5,500 /Mo

      STRATFORD, NJ Commercial Space

      Commercial space on White Horse Pike, ideal for retail/warehouse.
      43 S White Horse Pike, Stratford, NJ 08084
      View Details
    • $10 SF/Yr
      4,000 SF

      Retail Space in Stratford Center

      Retail space available in shopping center anchored by India Bazaar.
      25-41 S White Horse Pike, Stratford, NJ 08084
      View Details
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    Stratford, NJ 08084
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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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