Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1940 Delsea Dr Deptford, NJ 08080

    • Commercial real estate
    • 14.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0005837
    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 1940 Delsea Dr

    Lot size
    14.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 14-acre commercial land parcel presents a unique investment opportunity in Deptford, New Jersey. Located at 1940 & 1948 Delsea Drive, this property boasts unparalleled visibility due to its corner location at the intersection of Delsea Drive and Bankbridge Road/Fox Run Road. The strategic positioning offers easy access to Route 55, with the on/off ramp conveniently located just half a block away. Currently zoned R-40 (Low Density Residential), this expansive site presents considerable potential for various commercial developments. The property comprises three individual parcels, totaling over 14 acres, providing flexibility for future projects. While conceptual plans may exist, any development is subject to all necessary approvals. This prime location and substantial acreage make this an ideal investment for developers seeking a high-visibility site with excellent accessibility. The asking price for this significant land holding is $1,800,000. Detailed information regarding zoning regulations and potential development options is readily available. Serious inquiries are encouraged.

    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
    Deptford
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.118602
    Latitude
    39.7981155

    Comparable in this City

    • Contact for pricing
      10.60 Acres

      Deptford NJ Industrial Land

      10.6 Acres, Build-to-Suit Potential
      1745 Hurffville Rd, Deptford, NJ 08080
      View Details
    • $249,900
      0.70 Acres

      Prime Sewell Commercial Land

      .7-acre corner lot, 1223 sq ft building, zoning pending.
      200 Egg Hbr Rd, Washington Township, NJ 08080
      View Details
    • Contact for pricing

      Mantua Township Commercial Land

      Prime Commercial Land, High Visibility
      610 Woodbury Glassboro Rd, Mantua Township, NJ 08080
      View Details
    • $1,200,000
      8.87 Acres

      Deptford Industrial Land - $1.2M

      8.87 Acres, Zoned BC1, Ideal for Light Industrial
      1750 Hurffville Rd, Deptford, NJ 08080
      View Details
    • Contact for pricing
      7.82 Acres

      Deptford Industrial Land - 7.82 Acres

      Prime Industrial Land: 8,500 SF potential, ample parking.
      1726-1740 Hurfville Rd, Deptford, NJ 08080
      View Details
    • Contact for pricing
      10.60 Acres

      Deptford Retail Land Opportunity

      10.6 Acres, Approved Retail Complex
      1745 Hurffville Rd, Deptford, NJ 08080
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.60 Acres

      Deptford NJ Industrial Land

      10.6 Acres, Build-to-Suit Potential
      1745 Hurffville Rd, Deptford, NJ 08080
      View Details
    • $249,900
      0.70 Acres

      Prime Sewell Commercial Land

      .7-acre corner lot, 1223 sq ft building, zoning pending.
      200 Egg Hbr Rd, Washington Township, NJ 08080
      View Details
    • Contact for pricing

      Mantua Township Commercial Land

      Prime Commercial Land, High Visibility
      610 Woodbury Glassboro Rd, Mantua Township, NJ 08080
      View Details
    • $1,200,000
      8.87 Acres

      Deptford Industrial Land - $1.2M

      8.87 Acres, Zoned BC1, Ideal for Light Industrial
      1750 Hurffville Rd, Deptford, NJ 08080
      View Details
    • Contact for pricing
      7.82 Acres

      Deptford Industrial Land - 7.82 Acres

      Prime Industrial Land: 8,500 SF potential, ample parking.
      1726-1740 Hurfville Rd, Deptford, NJ 08080
      View Details
    • Contact for pricing
      10.60 Acres

      Deptford Retail Land Opportunity

      10.6 Acres, Approved Retail Complex
      1745 Hurffville Rd, Deptford, NJ 08080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      34,663 SF

      Deptford Warehouse: 6 Acres

      Prime Gloucester County industrial warehouse, ample land.
      2020 Delsea Dr, Deptford, NJ 08080
      View Details
    • Contact for pricing
      34,663 SF

      Warehouse and Industrial Outdoor Storage

      34,663 SF warehouse with six acres of outdoor storage.
      2020 Delsea Dr, Sewell, NJ 08080
      View Details
    • $21 SF/Yr
      4,200 SF

      Office Space with Ample Parking

      Office space in business district with furniture and amenities.
      1615 Hurffville Rd, Sewell, NJ 08080
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Sewell, NJ

      Retail space available for lease in Sewell, New Jersey.
      415 Egg Harbor Rd, Sewell, NJ 08080
      View Details
    • Contact for pricing
      27,733 SF

      Medical Office Space Available

      Class-A medical facility near Jefferson Washington Township Hospital.
      556 Egg Harbor Rd, Sewell, NJ 08080
      View Details
    • Contact for pricing
      84,075 SF

      Virtua Health & Wellness Center

      Medical Office Space Available
      239 Hurffville - Cross Ky Rd, Washington Township, NJ 08080
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1940 Delsea Dr
    Deptford, NJ 08080
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.