New search
Property profile & analytics
FOR LEASE
Industrial properties
1816 Underwood Blvd Delran, NJ 08075
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1110298
For Lease
1 / 40
$3,610,000
1816 Underwood Blvd, Delran, NJ 08075
View Listing →
Property summary
AI-generated overview
This exceptional 34,722-square-foot warehouse, located at 1816 Underwood Boulevard in Delran, New Jersey (zip code 08075), presents a significant opportunity for businesses seeking a single-tenant industrial space. Built in 1976, the property boasts a substantial footprint, entirely vacant and ready for immediate occupancy. The warehouse features impressive ceiling heights ranging from 19 feet 6 inches to 20 feet 6 inches, providing ample vertical space for storage and operations. Loading and unloading are facilitated by two loading docks and five dock-high doors, complemented by two drive-in doors for added convenience. The property also includes a fenced lot and twelve total parking spaces to accommodate employees and visitors. Power is supplied by a robust 1600 amp, 208/120-volt system. Situated in Burlington County, this warehouse offers easy access to major transportation routes, making it an ideal location for distribution and logistics operations. The property's size, features, and location combine to create a compelling opportunity for businesses seeking a functional and strategically located warehouse in Southern New Jersey.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
2.5 ac (108,900 SF)
APN
10 00009- 01-00041- 04
UPID
US59-1110298
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
-
David Gooding, Inc. Big Box & Wholesale Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Corebridge Rei Crossing Platform In · 1 yrs held
Corebridge Rei Crossing Platform In
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delran submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delran submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,640,000
ML approach
$3,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$44,704
Tax year 2022
Assessed value
$1,149,500
Assessed 2023
Previous assessed
$1,149,500
+0.0% YoY
Effective rate
3.89%
On assessed value
Assessed land
$162,500
Assessed improvement
$987,000
Land market value
$162,500
Improvement market value
$987,000
Total market value
$1,149,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
NONE
Units
1
Lot
2.5 ac (108,900 SF)
APN
10 00009- 01-00041- 04
UPID
US59-1110298
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Corebridge Rei Crossing Platform In
Individual
Mailing address
120 VLY RD #200, MONTCLAIR, NJ 07042-2321
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Corebridge Rei Crossing Platform In
Crossings Industrial Owner LLC
Deed
—
Dec 19, 2022
—
Crossing Industrial Owner LLC
—
Deed
related
$89,100,000 · Natixis New York Branch
Feb 19, 2021
$2,548,463
Crossings Industrial Owner LLC
Underwood Boulevard Associates LLC
Deed
—
—
—
Underwood Boulevard Associates
—
Deed Of Trust
related
$22,275,000 · Jackson National Life Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
