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Property profile & analytics
FOR LEASE
Office buildings
402 Lippincott Dr Marlton, NJ 08053
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0600016
For Lease
1 / 3
$18 SF/Yr
402 Lippincott Dr, Marlton, NJ 08053
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Lot
5.23 ac (227,688 SF)
Zoning code
C-1
APN
13 00024- 23-00002- 02
UPID
US59-0600016
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.42M
Owner & transaction history
Smart Investment Holdings LLC · 5 yrs held
Smart Investment Holdings LLC
since 2020
Last sale
$5.7M
7 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
$7,000,000
ML approach
$7,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.42M
Range $5.78M – $7.06M · ±10% · vs last sale $5.73M (Aug 25 2020)
Last sale anchor
$5.73M
Aug 25 2020
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
$173,245
Tax year 2022
Assessed value
$5,645,000
Assessed 2023
Previous assessed
$5,645,000
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$1,045,000
Assessed improvement
$4,600,000
Land market value
$1,045,000
Improvement market value
$4,600,000
Total market value
$5,645,000
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
For Lease
Year built
1997
Heating
NONE
Lot
5.23 ac (227,688 SF)
Zoning code
C-1
APN
13 00024- 23-00002- 02
UPID
US59-0600016
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
1997
Heating
NONE
Lot
5.23 ac
Current owner
From public records · entity-resolved
Smart Investment Holdings LLC
Entity
Mailing address
402 LIPPINCOTT DR, MARLTON, NJ 08053-4112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2020
$8,750,000
Smart Investment Holdings LLC
Ur Lippincott Dst
Grant Deed
related
$6,000,000 · Lakeland Bk
Jun 12, 2015
$9,500,000
Ur Lippincott Dst
Lippincott R/e Associates LLC
Grant Deed
related
$6,500,000 · Bank Of Princeton
Nov 16, 2011
—
Lippincott R/e Assocs LLC
—
Deed Of Trust
related
$4,161,324 · Columbia Bank
Dec 31, 2009
$5,725,000
Lippincott R & E Assocs LLC
Liberty Property LP
Grant Deed
$4,387,500 · Columbia Bank
—
—
Lippincott Real Estate Associa
—
Loan Modification
related
$2,508,576 · Columbia Bank
—
—
Lippincott Real Estate Associa
—
Loan Modification
related
$3,819,744 · Columbia Bank
—
—
Lippincott R/e Assocs LLC
—
Deed Of Trust
related
$2,635,113 · Columbia Bank
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
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