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

    2 Plz Dr Sewell, NJ 08080-9207

    • Medical offices
    • 1.86 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2025
    $2,550,000
    Value Estimations
    $2,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1633170
    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

    • Dr. Kahyun Yoon-Flannery / Surgeon / Practitioner Service Location
    • Dr. Jeffrey Tomaszewski / Practitioner Service Location / Urologist
    • Wei Phin Tan, MD, MHS / Urologist
    • Joseph Lombardi / Surgeon / Cardiovascular And Thoracic Surgeon
    • Dr. Adarsh Yagnik / Dentist

    Property Details for 2 Plz Dr

    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.86 lot acres
    Zone code
    NC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    18 00080- 12-00008- 09
    APU
    1800080120000809

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,465,000
      ML approach
      $2,335,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sewell
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0762
    Latitude
    39.7385
    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
    $73,399
    $325,500
    $1,785,500
    $2,111,000
    -
    $325,500
    $1,785,500
    $2,111,000

    Comparable in this City

    • Value Estimation
      $610,000
      14,208 SF

      445 Hurffville Crosskeys Rd

      MEDICAL BUILDING • 14,208 SF
      445 Hurffville Crosskeys Rd, Sewell, NJ 08080-2337
      View Details
    • Value Estimation
      $405,000
      0.92 Acres

      449 Hurffville Crosskeys Rd, Unit 1

      MEDICAL BUILDING • 0.92 Acres
      449 Hurffville Crosskeys Rd, Sewell, NJ 08080-9369
      View Details
    • Value Estimation
      $730,000
      4,400 SF

      449 Hurffville Crosskeys Rd, Unit 2

      MEDICAL BUILDING • 4,400 SF
      449 Hurffville Crosskeys Rd, Sewell, NJ 08080-9369
      View Details
    • Value Estimation
      $650,000
      31.75 Acres

      Medical Ctr Dr

      MEDICAL BUILDING • 31.75 Acres
      Medical Ctr Dr, Sewell, NJ 08080
      View Details
    • Value Estimation
      $595,000
      4,003 SF

      400 Ganttown Rd

      DENTAL BUILDING • 4,003 SF
      400 Ganttown Rd, Sewell, NJ 08080-1862
      View Details
    • Value Estimation by Request
      84,075 SF

      239 Hurffville - Cross Ky Rd

      Medical offices • 84,075 SF
      239 Hurffville - Cross Ky Rd, Washington Township, NJ 08080
      View Details

    Similar Nearby for Sale

    • $150,000
      1,050 SF

      Turnkey Medical Office Condo in Sewell

      1,050 SF medical/professional office condo in a prime location.
      539 Egg Harbor Rd, Sewell, NJ 08080
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    • $4,000,000
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      Prime Medical Office Condos in NJ

      Five Units, 13,600 SF, High Occupancy
      100 Kings Way, Washington Township, NJ 08080
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    • $4,000,000
      13,600 SF

      Medical Offices Near Jefferson Hospital

      Fully leased medical offices totaling 13,600 +/- SF for sale.
      100 Kings Way E B1-6 & D3-4, Sewell, NJ 08080
      View Details
    • $1,800,000
      6,200 SF

      Medical/Dental Office Building For Sale

      Upgraded medical/dental office building in Sewell, NJ for sale.
      340 Egg Harbor Rd, Sewell, NJ 08080
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    • Contact for pricing
      2,900 SF

      Medical Office Near Jefferson Hospital

      First-floor medical office space with basement storage and abundant light.
      102A Kings Way, Sewell, NJ 08080
      View Details
    • $170,000
      Pending

      Sewell Medical/Professional Office Condo

      Turnkey 1,050 SF office condo in Sewell's medical corridor.
      539 Egg Harbor Rd, Sewell, NJ 08080
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      255,570 SF

      Class A Medical Facility Space

      Class A medical facility with up to 70,000 RSF available.
      239 Hurffville-Crosskeys 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
    • $22 SF/Yr
      5,273 SF

      Medical Office Near Jefferson Hospital

      Upgraded medical office space in close proximity to Jefferson Hospital.
      570 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
      13,000 SF

      Available Office Space For Lease

      Office space for lease, divisible to 2,000 SF.
      591 Mantua Blvd, Sewell, NJ 08080
      View Details
    • Contact for pricing
      2,953 SF

      Office Space in Sewell, NJ

      Office space available for lease in Sewell, New Jersey.
      105 Kings Way W, Sewell, NJ 08080
      View Details
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    2 Plz Dr
    Sewell, NJ 08080-9207
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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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