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Property profile & analytics
OFF-MARKET Estimated value $7,995,000
Industrial properties

1809 Underwood Blvd Delran, NJ 08075-1232

4.73 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-1832410
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 4.73 ac (206,039 SF)
APN 10 00009-0000-00041- 05
UPID US59-1832410
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Quality Bakery Products Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.00M
Owner & transaction history
Corebridge Rei Crossing Platform In · 1 yrs held
Corebridge Rei Crossing Platform In
since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2021
Price N/A
2021
$5.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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