650 Grove RdWest Deptford, NJ 08086

Property Details for 650 Grove Rd

Construction

BRICK

Lot size

5.08 AC

Property type

Commercial real estate

APN

20 00347- 03-00002

APU

20003470300002

Description

This exceptional multi-tenant property, located at 650 Grove Road in West Deptford, New Jersey, offers a unique blend of office and warehouse space. The building, constructed in 1989, boasts a total of 57,430 square feet situated on a generous 5.08-acre lot. Currently, there is 4,712 square feet of immediately available space, perfect for a variety of businesses. The building features a flexible layout suitable for executive office use and warehouse operations, with ceiling heights varying between 20 feet 8 inches and 8 feet 11 inches. Its convenient location just off I-295 (Exit 20) provides easy access to major transportation routes, making it an ideal location for companies needing efficient logistics and convenient commuting for employees. The property is classified as both Office and Industrial, and is currently under multiple tenancy. This presents a compelling opportunity for businesses seeking a strategic location in Gloucester County, New Jersey, with excellent access to transportation networks and a versatile space to accommodate diverse operational needs. The zip code is 08086.

• CAP approach

  CAP return

  Valuation

  6%

  $70,618,100

  6.5%

  $65,185,900

  7%

  $60,529,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,913,100

  Geo Method

  $28,913,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $119,697,000

  Retail / Commercial

  $63,071,200

  Mixed-Use / Specialty

  $64,179,100

  Hospitality / Lodging

  $48,821,300

  Office

  $65,185,900

  Institutional / Educational

  $67,196,700

  Residential Income

  $78,620,100

  Multifamily

  $86,904,300

  Automotive / Energy

  $57,597,200

  Parking / Income-Based Land

  $18,559,400

  Restaurant / Food Service

  $36,224,300

  Healthcare / Senior Housing

  $64,447,700

Location Insight

City

West Deptford

County

Gloucester

State

New Jersey

Latitude

39.8305

Longitude

-75.1942

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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