97 Foster RdMoorestown, NJ 08057

Property Details for 97 Foster Rd

Year built

1981

Lot size

3.22 AC

Property type

Industrial properties

APN

22 00200-0000-00004

APU

2200200000000004

Description

This exceptional industrial property, located at 97 Foster Road in Moorestown, New Jersey, offers a range of warehouse and distribution spaces ideal for various business needs. The single-story building, constructed in 1982, boasts a total of 43,200 square feet and is divided into five suites. Units are available ranging from a minimum of 7,200 square feet up to a maximum contiguous space of 10,891 square feet. The property features impressive ceiling heights ranging from 16 to 20 feet, providing ample vertical storage capacity. Loading and unloading are facilitated by seven loading docks, including five dock-high doors, and two drive-in doors. The warehouse space is complemented by ample parking with 93 spaces available for employees and visitors. One available unit includes 1,800 square feet of office space, providing a convenient area for administrative functions. This strategically located property in Burlington County, zip code 08057, offers easy access to major transportation routes, making it an excellent choice for businesses requiring efficient logistics and distribution capabilities. The property's multiple tenancy structure provides flexibility for businesses of varying sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $67,646,000

  6.5%

  $62,442,500

  7%

  $57,982,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,322,800

  Geo Method

  $29,322,800

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $32,563,800

  Mixed-Use / Specialty

  $32,876,100

  Hospitality / Lodging

  $24,677,800

  Office

  $33,126,900

  Institutional / Educational

  $34,331,000

  Residential Income

  $40,167,200

  Multifamily

  $45,799,600

  Automotive / Energy

  $29,426,500

  Parking / Income-Based Land

  $9,731,520

  Restaurant / Food Service

  $18,013,300

  Healthcare / Senior Housing

  $33,274,500

Location Insight

City

Moorestown

County

Burlington

State

New Jersey

Latitude

39.9767

Longitude

-74.99

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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