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Property profile & analytics
OFF-MARKET Estimated value $1,105,000
Commercial real estate

88 Lakeview Dr Gibbsboro, NJ 08026-1229

8,092 SF 1.61 ac lot Built 2005
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US59-2062525
Property summary
AI-generated overview

This exceptional 11,771 square foot executive office complex is situated at 88 Lakeview Drive South in Gibbsboro, New Jersey, 08026, within Camden County. The property boasts a highly desirable C-2 zoning designation and offers ample parking with 75 spaces. The single-story building is comprised of three connected structures. Two buildings, totaling approximately 7,931 square feet, are currently under a brand new five-year lease with renewal options. The third building, encompassing approximately 3,840 square feet, is available for sale with a current rent-paying tenant in place, providing immediate income potential. Alternatively, a buyer could occupy this space for their own use. This strategically located complex enjoys high visibility on a heavily trafficked section of Lakeview Drive, bordering Gibbsboro and Voorhees. Its central Camden County location provides easy access to major South Jersey roadways and is surrounded by affluent residential areas. Detailed financial information is available upon execution of a non-disclosure agreement. This presents a unique opportunity to acquire a well-maintained, income-producing office complex in a prime South Jersey location. The asking price for this exceptional property is $1,800,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 8,092 SF
Lot 1.61 ac (70,000 SF)
APN 13 00014- 01-00001- 05
UPID US59-2062525
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
Current use
Occupant on record · Public records
  • Modern Dentistry Dental Office
  • DM Medical Billings Accounting Firm Loan Service
  • The Property Management Organization LLC Property Management Company
  • Under Construction Builders Construction Company General Contractor
  • BWM Construction General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$958k
Blend (final) Blend
$1.11M
Owner & transaction history
88 South Lakeview Drive Assocs · 12 yrs held
88 South Lakeview Drive Assocs
since 2014
3 recorded transactions
2018
Price N/A
2014
$805,000
2013
$100
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.4M +49.1%
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