502 Lambs RdPitman, NJ 08071

Property Details for 502 Lambs Rd

Construction

CONCRETE BLOCKS

Lot size

0.42 AC

Property type

Commercial real estate

APN

10 00254- 01-00027- 01

APU

1000254010002701

Description

This exceptional rental opportunity presents a generously sized 10 x 45 foot garage space located in Mantua Township, conveniently situated near Pitman, NJ. Ideal for vehicle storage, equipment housing, or workshop needs, this space offers ample room for various uses. The garage is conveniently located, providing easy access for tenants. The monthly rental rate is not specified, and interested parties should inquire directly for pricing details. All utilities are included in the rental price, eliminating the need for tenants to manage separate utility accounts. This is a fantastic opportunity for individuals or businesses seeking secure and affordable storage or workspace. The property is described as "Other" in type, indicating its suitability for a range of uses beyond standard residential or commercial classifications. The absence of a listed square footage does not diminish the substantial size of the garage, which is clearly defined by its dimensions. This is a rare opportunity to secure a large, well-maintained garage space in a desirable location. Contact us today to schedule a viewing and discuss rental terms. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $5,807,920

  6.5%

  $5,361,160

  7%

  $4,978,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,390,420

  Geo Method

  $2,390,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,175,600

  Retail / Commercial

  $5,292,260

  Mixed-Use / Specialty

  $5,331,900

  Hospitality / Lodging

  $3,988,020

  Office

  $5,361,160

  Institutional / Educational

  $5,563,930

  Residential Income

  $6,509,800

  Multifamily

  $7,483,150

  Automotive / Energy

  $4,769,090

  Parking / Income-Based Land

  $1,587,950

  Restaurant / Food Service

  $2,898,030

  Healthcare / Senior Housing

  $5,407,760

Location Insight

City

Pitman

County

Gloucester

State

New Jersey

Latitude

39.7407

Longitude

-75.1397

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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