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

    9 Leonard Ln West Deptford, NJ 08086-2151

    • Commercial real estate
    • 1,564 SF
    • 9.39 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    5.3%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-1858756
    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

    • DOBBS CRANE RENTALS / Crane Rental Agency

    Property Details for 9 Leonard Ln

    Construction
    FRAME
    Lot size
    9.39 lot acres
    Property size
    1,564 SF
    Property type
    Commercial real estate
    APN
    20 00345-0000-00001
    APU
    2000345000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $290,000
      6.5%
      $265,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $276,000
      Market price range: $102k - $277k
      AI Estimate
      $269,000
      Market price range: $81.1k - $269k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Deptford
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.2048
    Latitude
    39.8419
    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
    $11,007
    $162,600
    $158,200
    $320,800
    -
    $162,600
    $158,200
    $320,800

    Comparable in this City

    • Value Estimation
      $460,000
      1.37 Acres

      54 Grv St

      COMMERCIAL (GENERAL) • 1.37 Acres
      54 Grv St, West Deptford, NJ 08086-2114
      View Details
    • Value Estimation
      $420,000
      0.80 Acres

      105 Jessup Rd

      COMMERCIAL (GENERAL) • 0.80 Acres
      105 Jessup Rd, West Deptford, NJ 08086-2182
      View Details
    • Value Estimation
      $525,000
      28.70 Acres

      950 Jessup Rd

      COMMERCIAL (GENERAL) • 28.70 Acres
      950 Jessup Rd, West Deptford, NJ 08086-2319
      View Details
    • Value Estimation by Request

      Crown Pt Rd

      COMMERCIAL (GENERAL)
      Crown Pt Rd, Thorofare, NJ 08086
      View Details
    • Value Estimation
      $285,000
      2,240 SF

      669 Grv Rd

      COMMERCIAL (GENERAL) • 2,240 SF
      669 Grv Rd, West Deptford, NJ 08086-2219
      View Details
    • Value Estimation
      $270,000
      0.72 Acres

      479 Crown Pt Rd

      COMMERCIAL (GENERAL) • 0.72 Acres
      479 Crown Pt Rd, West Deptford, NJ 08086-2143
      View Details

    Similar Nearby for Sale

    • $149,900
      1,400 SF

      Thorofare Restaurant - $149,900

      Established Restaurant, High Visibility, Great Location
      530 Crown Point Rd 2, West Deptford, NJ 08086
      View Details
    • New
      $90,000
      0.90 Acres

      Residential Building Lot Opportunity

      Almost an acre, subdividable, ideal for custom home.
      0-& 3 Dunop, West Deptford, NJ 08086
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    • New
      $625,000
      1.54 Acres

      Commercial Land in Thorofare, NJ

      1.54 acre commercial property with access to two roadways.
      439 Crown Point Rd, Thorofare, NJ 08086
      View Details
    • New
      $149,900
      1.77 Acres

      Profitable Restaurant Opportunity on Route 130

      Well-equipped restaurant with seating, parking, and high visibility location.
      530 Crown Point Rd, Thorofare, NJ 08086
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,950 SF

      West Deptford Retail Space Available

      Prime Retail, Multiple Suites, Ample Parking
      530 Crown Point Rd, West Deptford, NJ 08086
      View Details
    • $12 SF/Yr
      19,277 SF

      Thorofare Office Space Available

      Office space with private offices, conference room, and full kitchen.
      400 Grove Rd, Thorofare, NJ 08086
      View Details
    • Contact for pricing
      7,000 SF

      Jessup Road Warehouse - West Deptford, NJ

      7,000 SF Warehouse, 2-Acre Lot, NJ
      265 Jessup Rd, West Deptford, NJ 08086
      View Details
    • Contact for pricing
      127,822 SF

      West Deptford Industrial Warehouse

      Multiple tenants, flexible space, I-295 access.
      1400-1480 Imperial Way, West Deptford, NJ 08086
      View Details
    • Contact for pricing

      Adaptable Building for Multiple Uses

      Adaptable building suitable for distribution, assembly, or administrative activities.
      1400-1480 Imperial Way, Thorofare, NJ 08086
      View Details
    • Contact for pricing
      57,430 SF

      West Deptford Office/Warehouse Space

      Prime NJ location, 4,712 SF available
      650 Grove Rd, West Deptford, NJ 08086
      View Details
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    9 Leonard Ln
    West Deptford, NJ 08086-2151
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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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