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Property profile & analytics
OFF-MARKET
Estimated value
$5,900,000
Office buildings
400 Lippincott Dr Marlton, NJ 08053-4161
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1084353
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Lot
4.31 ac (187,744 SF)
Zoning code
C-1
APN
13 00024- 23-00002- 01
UPID
US59-1084353
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
-
Margarita Dorfman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.90M
Owner & transaction history
400 Lippincott Drive LLC · 3 yrs held
400 Lippincott Drive LLC
since 2022
Last sale
$5.9M
6 recorded transactions
Zoning & alternative use
C-1 · Marlton, NJ
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 Marlton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marlton 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
$6,020,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.90M
Range $5.31M – $6.49M · ±10% · vs last sale $5.90M (Nov 30 2022)
Last sale anchor
$5.90M
Nov 30 2022
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
$111,343
Tax year 2022
Assessed value
$3,628,000
Assessed 2023
Previous assessed
$3,628,000
+0.0% YoY
Effective rate
3.07%
On assessed value
Land market value
$862,000
Improvement market value
$3,000,000
Total market value
$3,862,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Lot
4.31 ac (187,744 SF)
Zoning code
C-1
APN
13 00024- 23-00002- 01
UPID
US59-1084353
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Marlton, NJ
Zoning C-1 · permitted uses
C-1 · Marlton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marlton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Lot
4.31 ac
Current owner
From public records · entity-resolved
400 Lippincott Drive LLC
Entity
Mailing address
1060 KINGS HWY N, CHERRY HILL, NJ 08034-1910
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$5,900,000
400 Lippincott Drive LLC
Villa Chapman Apartments LLC
Deed
$4,200,000 · Mid Penn Bank
Dec 21, 2017
—
Villa Chapman Apartments LLC
—
Deed
related
$1,000,000 · Private Individual
Aug 4, 2017
$4,600,000
Villa Chapman Apartments LLC
Lsop 3 Nj Series 3 LLC
Grant Deed
—
Feb 19, 2014
$28,840,000
Lsop 3 Nj LLC
Liberty Property LP
Grant Deed
$460,185,000 · Jp Morgan Chase Bk
—
—
Lsop 3c III LLC
—
Deed Of Trust
related
$460,185,000 · Jp Morgan Chase Bank NA
—
—
Villa Chapman Apartments LLC
—
Deed Of Trust
related
$1,000,000 · Private Individual
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.
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