703 Van Rossum Ave Beverly, NJ 08010
Property profile & analytics
703 Van Rossum Ave, Beverly, NJ 08010
- Industrial properties
- 4.40 lot acres
Property ID
US59-1520419
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.
Location Intelligence
Current Use by Public Records
- Quartz Infrared Inc / Big Box & Wholesale Store / Building Supply
- Perfect Services Company LLC / Electrical Service / General Contractor
- Campbell Converting Inc / Marketing & Advertising / Printing Service
- Greenix Pest Control / Garden Center
- Dinstinctive Woodworking / General Contractor
Property Details for 703 Van Rossum Ave
- Construction
- BRICK
- Lot size
- 4.40 lot acres
- Property type
- Industrial properties
- APN
- 12 00620-0000-00003
- APU
- 1200620000000003
Description
This exceptional 40,800-square-foot industrial property, located at 703 Van Rossum Ave in Edgewater Park, New Jersey, presents a compelling value-add opportunity. Situated on a 4.37-acre lot, this single-story building boasts 16 loading docks and 9 dock-high doors, complemented by a 13-foot ceiling height. Built in 1920 and extensively renovated in 2020, the property is currently 91% occupied by ten tenants under a multi-tenant lease structure with a remaining lease term of 2.2 years. The current weighted average rental rate is significantly below market value, offering substantial potential for rent increases. Zoned for Light Industrial use, this property includes ten industrial suites, two fenced secure industrial storage lots, and approximately 70 storage containers, providing diverse income streams. The property's location in Burlington County, NJ, offers excellent accessibility. The asking price is $3,300,000, representing a price per square foot of $80.88. This represents a significant discount to replacement cost. The property's diverse tenancy and strong value-add potential make it an attractive investment for discerning buyers. The property's current income stream, combined with the potential for significant rent increases, makes this a highly desirable investment opportunity. The existing infrastructure, including the ample loading docks and storage options, further enhances its appeal.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.9177
- Latitude
- 40.0595
- 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
2023
$44,037
$319,700
$963,800
$1,283,500
-
$319,700
$963,800
$1,283,500
