88 Lakeview Dr S, Gibbsboro, NJ 08026
- Commercial real estate
- 8,092 SF
- 1.61 lot acres
Current Use by 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
Property Details for 88 Lakeview Dr S
- Year built
- 2005
- Lot size
- 1.61 lot acres
- Property type
- Commercial real estate
- APN
- 13 00014- 01-00001- 05
- APU
- 1300014010000105
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 5, 2018 | — | 88 S Lakeview Drive Associates LLC | — | Deed · related | $880k · Columbia Bank |
| Jan 23, 2014 | $805,000 | 88 South Lakeview Drive Assocs | Fulton Bk Of Nj | Dual Purpose Document | $951k · Columbia Bk |
| Mar 27, 2013 | $100 | Fulton Bk Of Nj | Sheriff County Of Camden | Trustees Deed · related | — |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,410,000
- 6.5%
- $1,305,000
- 7%
- $1,210,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $958,000
- AI Estimate
- $1,047,000
Market price range: $526k - $1.35MMarket price range: $303k - $1.57M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $915,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,360,000 Change: +49% Conversion: Moderate
- OFFICE BUILDING
- $760,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gibbsboro
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9592
- Latitude
- 39.8363
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
