Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    402 Lippincott Dr Marlton, NJ 08053
    Back to Search
    Property profile & analytics

    402 Lippincott Dr, Marlton, NJ 08053

    View on Map
    • Office buildings
    • 5.23 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Marlton Office Sublease Opportunity For Lease
    $18 SF/Yr
    53,000 SF

    Marlton Office Sublease Opportunity

    53,000 SF office space available for sublease in Marlton.

    Camden, NJ
    View Listing
    Property ID
    US59-0600016
    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.
    Value Estimations
    $6,420,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 402 Lippincott Dr

    Year built
    1997
    Lot size
    5.23 lot acres
    Zone code
    C-1
    Property type
    Office buildings
    APN
    13 00024- 23-00002- 02
    APU
    1300024230000202

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,000,000
      ML approach
      $7,240,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9245
    Latitude
    39.8837
    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
    $173,245
    $1,045,000
    $4,600,000
    $5,645,000
    -
    $1,045,000
    $4,600,000
    $5,645,000

    Comparable in this City

    • Value Estimation by Request
      689 SF

      100 Sharp Rd, Unit 102

      OFFICE BUILDING
      100 Sharp Rd, Marlton, NJ 08053-5547
      View Details
    • Value Estimation
      $2,200,000
      7,312 SF

      11 Eves Dr

      OFFICE BUILDING
      11 Eves Dr, Marlton, NJ 08053-3130
      View Details
    • Value Estimation
      $975,000
      4,640 SF

      1000 Lincoln E Dr

      OFFICE BUILDING
      1000 Lincoln E Dr, Marlton, NJ 08053-1566
      View Details
    • Value Estimation
      $3,130,000
      18,190 SF

      550 Lippincott Dr

      OFFICE BUILDING
      550 Lippincott Dr, Marlton, NJ 08053
      View Details
    • Value Estimation
      $2,270,000
      10,860 SF

      73 Maple Ave

      OFFICE BUILDING
      73 Maple Ave, Marlton, NJ 08053-1782
      View Details
    • Value Estimation
      $545,000
      2,816 SF

      50 Maple Ave

      OFFICE BUILDING
      50 Maple Ave, Marlton, NJ 08053-2002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,700 SF

      Single Story Condo Building

      10,700+/- SF three-unit condo building on Route 70.
      767 Route 70 East, Marlton, NJ 08053
      View Details
    • Contact for pricing
      4,000 SF

      Stand Alone Office Building

      4,000 SF office building with 20+ parking spaces.
      78 E Main St, Marlton, NJ 08053
      View Details
    • Contact for pricing
      53,000 SF

      Evesham Office Building For Sale

      53,000 sqft office building available for purchase.
      402-404 Lippincott Dr, Evesham, NJ 08053
      View Details
    • Contact for pricing
      5,418 SF

      Evesham Office Building For Sale

      10,836 SF office building located in Evesham, New Jersey.
      775 Route 70 E, Evesham, NJ 08053
      View Details
    • Contact for pricing
      168,462 SF

      Iconic South Jersey Office Park

      Office park with diverse tenants in South Jersey.
      5000-14000 Sagemore Dr, Evesham, NJ 08053
      View Details
    • New
      $500,000
      1,168 SF

      Professional Dental Condo For Sale

      Professional dental condo with strong lease in Marlton, NJ.
      651 Route 73, Marlton, NJ 08053
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,555 SF

      Class A Office Building For Rent

      Class A office building in Evesham, New Jersey for lease.
      50 Lk Ctr Dr, Evesham, NJ 08053
      View Details
    • $22 SF/Yr

      Class A Marlton Office Space

      Premier office space in the heart of Marlton Business District.
      1 Holtec Dr, Marlton, NJ 08053
      View Details
    • Contact for pricing
      53,000 SF

      Marlton Office Sublease Opportunity

      53,000 SF office space available for sublease in Marlton.
      402 Lippincott Dr, Marlton, NJ 08053
      View Details
    • Contact for pricing
      3,320 SF

      Class A Office Space Available

      Premier office park location near affluent neighborhoods and major routes.
      6000 Sagemore Dr, Marlton, NJ 08053
      View Details
    • Contact for pricing
      1,876 SF

      Class A Office in Marlton

      Premier office building in Marlton Business District with modern amenities.
      1 Holtec Dr, Marlton, NJ 08053
      View Details
    • Contact for pricing
      14,764 SF

      Office Space with Solar Panels

      Office property featuring newly installed solar panels and high-end finishes.
      301 Lippincott Dr, Marlton, NJ 08053
      View Details
    View Listing
    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.
    402 Lippincott Dr
    Marlton, NJ 08053
    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

    Thank You for Inquiry
    402 Lippincott Dr, Marlton, NJ, 08053
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!