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    The Largest CRE Database in the US with Over 1 Million Listings

    117 N Black Horse Pike Runnemede, NJ 08078

    Sponsored
    For Sale
    $349,000

    CommercialSale - RUNNEMEDE, NJ

    Property size:
    2,490 SF
    Days on Market:
    108
    Last Refresh:
    Jan 31 at 3:06 am

    Property Features for 117 N Black Horse Pike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,490 SF

    Utilities

    Heating system
    Baseboard, Hot Water (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Architectural style
    Other

    We can help!

    Listing Contact
    Jonathan Benstead

    Berkshire Hathaway HomeServices Fox & Roach, Realtors

    Listing agent Jonathan Benstead (856) 810-5300

    Listing date Oct 16, 2025

    MLS# NJCD2100534 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Runnemede Office Building For Sale

    This 2,490 square-foot office building presents a prime investment opportunity. The interior features a well-designed layout, including 10 offices, a lobby/reception area, and a sunlit conference room with large windows overlooking Runnemede's business district. The building includes two half bathrooms, a fully equipped kitchen area, and ample storage space. Two long-term tenants occupy the basement, providing a steady additional revenue stream. A generously sized garage at the rear of the building ensures easy access for deliveries and operational needs. This property offers a combination of spaciousness, functional design, and an ideal location, making it an attractive option for investors or small businesses. The property is located in Runnemede, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paul Sweeney CPA ... Consultant Dennis Cesare Marriage Or Relationship Counselor Indoor Environmental Concepts ... Environmental Consultant kat carollo Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Runnemede
    County
    Camden
    State
    New Jersey
    Longitude
    -75.073753
    Latitude
    39.850281

    Nearby Similar for Sale

    • $325,000
      1,512 SF

      Runnemede Medical Office For Sale

      Commercial property with on-site parking in a busy area.
      515 N Black Horse Pike, Runnemede, NJ 08078
      View Details
    • $289,000
      2,500 SF

      Runnemede Mixed-Use Commercial Space

      Downtown Runnemede: 2,500 SF, Low Taxes
      102 Clements Bridge Rd, Runnemede, NJ 08078
      View Details

    FAQs

    What type of property is this?
    Office building - 2,490 SF office building with long-term tenants in Runnemede.
    Where is this office building located?
    The property is located at 117 N Black Horse Pike Runnemede, NJ.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Steady additional revenue stream from two long-term basement tenants.; - Strategically located in Runnemede's bustling business district.; - Spacious 2,490 square-foot office building with a functional layout.
    (856) 810-5300
    Request Owner's contact information
    117 N Black Horse Pike Runnemede, NJ 08078
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    Runnemede, NJ 08078
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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
    117 N Black Horse Pike Runnemede, NJ 08078
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    We can help!
    Listing Contact
    Jonathan Benstead
    (856) 810-5300
    Learn more
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