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Property profile & analytics
OFF-MARKET Estimated value $3,510,000
Office Spaces

608 Little Gloucester Rd Blackwood, NJ 08012-5213

2.98 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-1110143
Property summary
AI-generated overview

This exceptional 5,020 square foot commercial property, located at 608 Little Gloucester Road in Gloucester Township, New Jersey (zip code 08012), presents a unique investment opportunity. The property is zoned for office use and is offered at an asking price of $425,000. A significant advantage is the existing foundation for a building of approximately 5,020 square feet, already equipped with crucial infrastructure including storm water management, utilities, curbs, parking, and lighting. This ready-to-build pad site shares a parking lot with The Learning Experience, ensuring ample parking for tenants and visitors. The location benefits from local tax incentives aimed at stimulating commercial growth, details of which are available through the Tax Abatement Program. Ownership is part of a condominium association, providing the benefits of shared parking, professional property management, and clearly defined easement rights. Situated at the high-traffic intersection of Little Gloucester Road and Hider Lane, this property boasts excellent visibility and accessibility. Its proximity to major highways and other established businesses makes it exceptionally well-suited for a variety of office or retail uses. This is a turnkey opportunity to establish a presence in a thriving commercial area.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 2.98 ac (129,983 SF)
APN 15 08105-0000-00032-0000-C0608
UPID US59-1110143
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
$3.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.51M
Owner & transaction history
Gary Neil Enterprises LLC · 6 yrs held
Gary Neil Enterprises LLC
since 2020
Last sale
$3.2M
1 recorded transaction
2020
$3.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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