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

    2 S Main St Mullica Hill, NJ 08062

    Sponsored
    For Lease
    $2,400 /Mo ($0.31 SF/Yr)

    CommercialLease - MULLICA HILL, NJ

    Type:Office
    Lot size:
    2.13 Acres
    Days on Market:
    137
    Last Refresh:
    Jan 23 at 6:06 pm

    Property Features for 2 S Main St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    10
    Parking features
    Parking Lot
    Lot size
    2.13 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1880
    Building materials
    Frame

    We can help!

    Listing Contact
    Joseph Schwarzman

    Century 21 Premier Realty (856) 848-1100

    Listing agent Joseph Schwarzman (856) 848-1100 License #9483280

    Listing date Sep 9, 2025

    MLS# NJGL2062360

    Copyright © 2025 Bright MLS. 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

    Downtown Mullica Hill Commercial Space

    Located in the heart of historic downtown Main Street in Mullica Hill, New Jersey, this commercial space presents an opportunity for expanding or starting a new business. The location is near Rowan University and Inspira Medical Center, with exposure to drive-by and walking traffic. Situated on the second floor above Naples Pizzeria and Restaurant, the 2,000 sq ft rental space features a loft atmosphere with high ceilings, exposed rafters, hardwood flooring, and an open floor plan with large windows. The property is suitable for retail, professional, medical offices, schools, or art, yoga, or massage studios. The rental includes a storage area, computer room, and a private office. Parking is available for 10 cars. The property is positioned in a business district with restaurants, shops, and professional businesses. The location is accessible via Rt. 322, Rt. 45, Commodore Barry Bridge and New Jersey Turnpike. The lot size is 2.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dharma Yoga Yoga Studio Naples at the Warehouse Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mullica Hill
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.22565
    Latitude
    39.73547

    Nearby Similar for Lease

    • $1,800 /Mo
      87,120 SF

      Mullica Hill Commercial Office Space

      Office space in fast-growing Mullica Hill, ideal for professionals.
      408 Swedesboro Rd, Mullica Hill, NJ 08062
      View Details
    • $23 SF/Yr
      16,250 SF

      Medical Office Space Available

      2,317 SF medical office space for lease.
      412 Ewan Rd, Mullica Hill, NJ 08062
      View Details

    FAQs

    What type of property is this?
    Office space - 2,000 sq ft space in historic downtown Mullica Hill.
    Where is this office space located?
    The property is located at 2 S Main St Mullica Hill, NJ.
    What is the lease rate?
    The lease rate is $0.31 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of historical downtown Main Street, Mullica Hill, NJ.; - Boasting 2,000 sq ft of rental space with a loft atmosphere featuring high ceilings, exposed rafters, hardwood flooring, and an open floor plan.; - Strategically located near Rowan University and Inspira Medical Center, with easy access to major roadways (Rt. 322, Rt. 45, Commodore Barry Bridge, and New Jersey Turnpike).
    (609) 617-6064
    Request Owner's contact information
    2 S Main St Mullica Hill, NJ 08062
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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
    2 S Main St Mullica Hill, NJ 08062
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    We can help!
    Listing Contact
    Joseph Schwarzman
    Real Estate License ID: 9483280
    (609) 617-6064
    Learn more
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