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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    775 Route 70 E Evesham, NJ 08053

    • Commercial real estate
    • 22,045 SF
    • 2.44 lot acres
    For Sale
    View listing
    Last Sale
    Oct 08, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0825079
    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

    • Commercial real estate

    Property Details for 775 Route 70 E

    Year built
    1986
    Lot size
    2.44 lot acres
    Property size
    22,045 SF
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    13 00003-0000-00002- 01
    APU
    130000300000000201

    Description

    This single-story, 13,140 square foot medical office building in the Elmwood Business Park, located at 775 Route 70 East in Marlton, New Jersey (zip code 08053), offers multiple tenancy options. Currently, there is 10,067 square feet of vacant space available, divisible into units ranging from a minimum of 1,422 square feet to a maximum contiguous space of 4,000 square feet. Each suite boasts a private entrance, its own bathroom, and an independent HVAC system. The property is conveniently situated at the corner of Elmwood Road and Route 70, providing excellent visibility and accessibility. Ample parking is available for tenants and their clients. The building is located in Burlington County. This prime location presents a unique opportunity for medical practices seeking modern, well-appointed office space in a thriving community. The property is suitable for lease or sale as condo units. While some marketing materials mention units as small as 2,500 square feet, currently available spaces range from 1,422 to 4,000 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,115,000
      6.5%
      $2,875,000
      7%
      $2,670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,824,000
      Market price range: $2.39M - $6.17M
      AI Estimate
      $2,586,000
      Market price range: $1.17M - $4.02M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,605,000
      Current use
      OFFICE BUILDING
      $4,515,000
      Change: +25% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,890,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9399
    Latitude
    39.8964
    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
    $94,623
    $1,220,000
    $1,863,200
    $3,083,200
    -
    $1,220,000
    $1,863,200
    $3,083,200

    Comparable in this City

    • Value Estimation by Request
      3.60 Acres

      200 Merchants Way

      COMMERCIAL (GENERAL) • 3.60 Acres
      200 Merchants Way, Marlton, NJ 08053
      View Details
    • Value Estimation by Request
      3.96 Acres

      795 Rte 70th E

      COMMERCIAL (GENERAL) • 3.96 Acres
      795 Rte 70th E, Marlton, NJ 08053-2351
      View Details
    • Value Estimation by Request
      8.22 Acres

      141 Rte 70th E, Unit 181

      COMMERCIAL (GENERAL) • 8.22 Acres
      141 Rte 70th E, Marlton, NJ 08053-1855
      View Details
    • Value Estimation by Request
      8.48 Acres

      700 Rte 73rd S

      COMMERCIAL (GENERAL) • 8.48 Acres
      700 Rte 73rd S, Marlton, NJ 08053-4164
      View Details
    • Value Estimation by Request

      880 Rte 73rd S

      COMMERCIAL (GENERAL)
      880 Rte 73rd S, Marlton, NJ 08053
      View Details
    • Value Estimation by Request
      5.54 Acres

      600 Marlton W Pike

      COMMERCIAL (GENERAL) • 5.54 Acres
      600 Marlton W Pike, Marlton, NJ 08053
      View Details

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      Undersized lot available for purchase in MARLTON, New Jersey.
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    Similar Nearby for Lease

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      10,700 SF

      Office Condo Units Available

      Office condo units for rent on Route 70.
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      2,500 SF

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    • $5 SF/Yr

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    • $395 /Mo
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      Marlton Professional/Medical Spaces Available

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      View Details
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    775 Route 70 E
    Evesham, NJ 08053
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    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
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