Financial
Distress signals
Property profile

400 Grove Rd Thorofare, NJ 08086

FOR LEASE
Commercial real estate
Property ID
US59-1462522
2.92 ac lot Built 1988
Last sale Feb 2024 · $2,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 19,277-square-foot single-story office building presents a unique opportunity for a single tenant. Located at 400 Grove Road in Thorofare, New Jersey, 08086, this Class B property offers unparalleled convenience with its prime location just off I-295 (exit 20) in Gloucester County. Built in 1988, the entire building is currently vacant, providing immediate occupancy for a discerning business. The single-story design offers efficient and accessible floor plans, eliminating the

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$64k
Tax billed · 2022
Assessed value$1.86M
Assessed land$278k
Assessed improvement$1.58M
Effective rate3.43%

Value estimate

· Sep 2026
$2.10M
$1.89M – $2.31M
AI approach$2.10M
NOI build-up
Gross scheduled income$497k
Vacancy & credit loss−$92k
Operating expenses−$101k
NOI · 2,533,358.33% cap applied$304k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$110/SF
Submarket average, outlier-cleaned · 144 recorded sales of this use type
Observed band · Q1–Q3$65 – $177

Cap rate analysis

How does the asset earn?
2,533,358.33%
$304k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGLOUCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant8.3
Law Firm8.1
Hotel & Motel7.0

Location

400 Grove Rd Thorofare, NJ 08086
County assessor Recorded deeds · 5 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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