1809 Underwood Blvd Delran, NJ 08075-1232
- Industrial properties
- 4.73 lot acres
Current Use by Public Records
- Quality Bakery Products / Food Products Supplier
Property Details for 1809 Underwood Blvd
- Lot size
- 4.73 lot acres
- Property type
- Industrial properties
- APN
- 10 00009-0000-00041- 05
- APU
- 100000900000004105
Description
This exceptional 77,087-square-foot industrial/warehouse building, situated on a 4.73-acre lot in Burlington County's Millside Industrial Park, presents a compelling investment opportunity. Built in 1974 and featuring a single story with a 23-foot ceiling height, this property boasts extensive recent renovations. These upgrades include fresh exterior paint, completely repaired and replaced docks, revitalized landscaping, new exterior LED lighting, and a refreshed parking lot. The building itself offers 10 dock-high doors, one drive-in door, and one van-high door, ensuring efficient loading and unloading. The spacious interior features 35' x 40' column spacing, providing maximum flexibility for various uses. A 4,124-square-foot air-conditioned office space is included, along with a robust power supply of 1000 amps, 256/460 volts, 3-phase. Additional features include a wet sprinkler system, gas heat, and a TPO roof installed in 2018, backed by a transferable 20-year warranty (fee applies). Conveniently located just off Route 130, this property offers unparalleled access to major transportation arteries. The building's layout is ideal for a variety of industrial and flex uses, making it a highly desirable asset in a thriving market. This is a rare opportunity to acquire a well-maintained, extensively renovated industrial property with significant upside potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,165,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,100,000
- 6.5%
- $6,160,000
- 7%
- $6,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,285,000
- Geo Method
- $5,330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,990,000
- Retail
- $5,670,000
- Mixed-Use
- $5,365,000
- Hospitality
- $6,735,000
- Educational
- $6,695,000
- Residential Income
- $6,335,000
- Energy
- $6,785,000
- Income-Based Land
- $6,870,000
- Food Service
- $5,520,000
Location Insight
- Map
- Local Demand
- City
- Delran
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.9638
- Latitude
- 40.0197
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
