Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    509 Heron Dr Swedesboro, NJ 08085

    • Warehouses
    • 563 SF
    • 14.71 lot acres
    For Lease
    View listing
    Last Sale
    Jan 04, 2025
    $7,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1260925
    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

    • Warehouses

    Property Details for 509 Heron Dr

    Year built
    1980
    Construction
    CONCRETE BLOCKS
    Lot size
    14.71 lot acres
    Property size
    563 SF
    Property type
    Warehouses
    APN
    09 02903-0000-00015
    APU
    902903000000015

    Description

    This exceptional 55,000-square-foot industrial warehouse, situated on a 14.71-acre lot in Gloucester County's Pureland Industrial Complex, offers a single-tenant occupancy opportunity. Built in 1980, this two-story building boasts a spacious layout with 21'5" to 24'4" ceiling heights and a generous 40' x 40' column spacing. The property features five 10' x 9' loading docks, including two drive-through cross docks with levelers, and two additional 16' x 14' and 14' x 10' drive-in doors, providing ample loading and unloading capabilities. An abundant fenced outdoor storage area offers significant expansion potential. The building includes 6,400+ square feet of two-story office space, complete with a warehouse manager's office, restrooms, and a cafeteria. The space is fully heated and air-conditioned and equipped with a wet sprinkler system and five cranes ranging from 1 to 5 tons. The property benefits from a robust power supply of 2000 amps, 480 volts, and 3-phase service. Zoned LI - Light Industrial, this location offers unparalleled convenience, situated just off I-295, 16 miles from Philadelphia Airport, 12 miles from the Delaware Memorial Bridge, and 109 miles from the Lincoln Tunnel. This property presents a unique opportunity for businesses seeking a well-equipped, strategically located industrial facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Swedesboro
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.3607
    Latitude
    39.768
    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
    $64,968
    $1,250,400
    $1,859,600
    $3,110,000
    -
    $1,250,400
    $1,859,600
    $3,110,000

    Comparable in this City

    • Value Estimation
      $2,365,000
      2,784 SF

      201 Berkeley Dr

      WAREHOUSE, STORAGE • 2,784 SF
      201 Berkeley Dr, Swedesboro, NJ 08085-1245
      View Details
    • Value Estimation
      $735,000
      3,595 SF

      1140 Commerce Blvd

      WAREHOUSE, STORAGE • 3,595 SF
      1140 Commerce Blvd, Swedesboro, NJ 08085-1772
      View Details
    • Value Estimation
      $3,760,000
      19,152 SF

      2 Hawk Ct

      WAREHOUSE, STORAGE • 19,152 SF
      2 Hawk Ct, Swedesboro, NJ 08085-1723
      View Details
    • Value Estimation by Request
      603 SF

      515 Heron Dr

      WAREHOUSE, STORAGE • 603 SF
      515 Heron Dr, Swedesboro, NJ 08085-1713
      View Details
    • Value Estimation by Request
      700 SF

      303 Heron Dr

      WAREHOUSE, STORAGE • 700 SF
      303 Heron Dr, Swedesboro, NJ 08085-1773
      View Details
    • Value Estimation by Request
      235,500 SF

      2851 Us-322

      Distribution properties • 235,500 SF
      2851 Us-322, Swedesboro, NJ 08085
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29,890 SF

      Swedesboro Freezer and Warehouse Facility

      25,800 SF freezer and dry warehouse near I-295.
      300 Fow Ave, Swedesboro, NJ 08085
      View Details
    • $490,000
      14.32 Acres

      Swedesboro Commercial Land - $490K

      14.32 Acres, R-1 Zoning, Prime Location
      510 Franklinville Rd, Swedesboro, NJ 08085
      View Details
    • $1,887,050
      68.62 Acres

      68+ Acres in Woolwich Township

      68.62 +/- acres of prime land in Woolwich Township.
      2157 Oldmans Creek Rd, Swedesboro, NJ 08085
      View Details
    • Contact for pricing
      1 SF

      1.56 Acres Commercial Land Available

      1.56 acres near I-295, suitable for trailer parking.
      2337 Center Square Rd, Swedesboro, NJ 08085
      View Details
    • $355,000
      11.93 Acres

      Prime Land in Woolwich Township

      10.6 acres of land close to shopping and highways.
      555 Woodstown, Woolwich Twp, NJ 08085
      View Details
    • $450,000
      3,277 SF

      Swedesboro Mixed-Use Investment Opportunity

      High-traffic location, two income-producing units.
      410 Guest Ave, Swedesboro, NJ 08085
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,000 SF

      Swedesboro Industrial Space For Lease

      Industrial space available for lease in Swedesboro, New Jersey.
      301 Berkeley Dr, Swedesboro, NJ 08085
      View Details
    • Contact for pricing
      889,285 SF

      Woolwich Township Industrial Park

      Industrial park in Woolwich Township, Gloucester County, New Jersey.
      280 Locke Ave, Woolwich Township, NJ 08085
      View Details
    • Contact for pricing
      55,000 SF

      55,000 SF Warehouse for Lease

      Prime Gloucester County industrial space.
      509 Heron Dr, Swedesboro, NJ 08085
      View Details
    • Contact for pricing
      25,576 SF

      Swedesboro Warehouse: Prime Location

      25,576 SF Warehouse, Excellent Access
      1 Hawk Ct, Swedesboro, NJ 08085
      View Details
    • Contact for pricing

      Swedesboro Warehouse Space Available

      Warehouse space available for rent in Swedesboro, New Jersey.
      261 Paulsboro Rd, Swedesboro, NJ 08085
      View Details
    • Contact for pricing
      25,576 SF

      Swedesboro Industrial Building with Storage

      25,576 SF industrial building with potential for outside storage.
      1 Hawk Ct, Swedesboro, NJ 08085
      View Details
    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.
    509 Heron Dr
    Swedesboro, NJ 08085
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.