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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1200 Delsea Dr Glassboro, NJ 08028

    • Commercial real estate
    • 8.62 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1458112
    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 1200 Delsea Dr

    Construction
    TYPE NOT SPECIFIED
    Lot size
    8.62 lot acres
    Zone code
    C5
    Property type
    Commercial real estate
    APN
    06 00408- 27-00006- 01
    APU
    600408270000601

    Description

    Plaza 47, located at 1200 N. Delsea Drive in Deptford, New Jersey, 08028, offers 19,500 square feet of versatile commercial space. This single-story, Class B building, constructed in 1990, features 13 suites, with 7,500 square feet currently available. Units range from a minimum of 1,200 square feet to a maximum contiguous space of 6,000 square feet, making it ideal for a variety of businesses. The property sits on a 2.29-acre lot and boasts ample parking, 3-phase ample power, and 14-foot ceilings. Each unit benefits from individual signage, and the building enjoys high visibility from the heavily trafficked Delsea Drive (Route 47). The BC-3 Business Commercial zoning allows for diverse uses including restaurants, retail sales, professional offices, daycare facilities, and personal or business services. Building amenities include individual unit signage, highway signage on Delsea Drive, the potential for built-to-suit interior fit-outs, heat, HVAC, and a 10' x 10' drive-in loading door. This prime location in the Deptford/Westville submarket of Gloucester County presents a compelling opportunity for businesses seeking flexible and well-appointed space.

    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
    Glassboro
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.1145
    Latitude
    39.7273
    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
    $67,548
    $1,292,900
    $657,100
    $1,950,000
    -
    $1,292,900
    $657,100
    $1,950,000

    Comparable in this City

    • Value Estimation by Request
      19,925 SF

      800-890 Delsea Dr

      Retail properties • 19,925 SF
      800-890 Delsea Dr, Glassboro, NJ 08028
      View Details
    • Value Estimation by Request
      1.21 Acres

      1195 Delsea N Dr, Unit 1106

      COMMERCIAL (GENERAL) • 1.21 Acres
      1195 Delsea N Dr, Glassboro, NJ 08028-1443
      View Details
    • Value Estimation by Request

      1 High St

      COMMERCIAL (GENERAL)
      1 High St, Glassboro, NJ 08028-2572
      View Details
    • Value Estimation
      $735,000
      5,498 SF

      319 Main St

      COMMERCIAL (GENERAL) • 5,498 SF
      319 Main St, Glassboro, NJ 08028-1920
      View Details
    • Value Estimation
      $1,285,000
      5,202 SF

      221 Delsea N Dr

      COMMERCIAL (GENERAL) • 5,202 SF
      221 Delsea N Dr, Glassboro, NJ 08028-2011
      View Details
    • Value Estimation by Request
      0.43 Acres

      526 Delsea N Dr

      COMMERCIAL (GENERAL) • 0.43 Acres
      526 Delsea N Dr, Glassboro, NJ 08028-1418
      View Details

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    Similar Nearby for Lease

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      Glassboro Retail Center For Lease

      Prime Retail Space, Multiple Units Available
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    • $13 SF/Yr
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      Plaza 47: Deptford Office Space

      Modern office & retail suites, ample parking.
      1200 Delsea Dr, Glassboro, NJ 08028
      View Details
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      Glassboro Plaza Retail Space

      Prime Glassboro Retail Opportunity, 29,000 SF
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      Retail Space in Glassboro Center

      Retail space in a well-maintained shopping center near Rowan University.
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      29,000 SF

      Retail Space Near Rowan University

      Redevelopment opportunity near ShopRite and Rowan University.
      616 Delsea Dr N, Glassboro, NJ 08028
      View Details
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    1200 Delsea Dr
    Glassboro, NJ 08028
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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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