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    3121 Black Horse Pike Turnersville, NJ 08012

    View on Map
    Sponsored
    For Lease
    $2,900 /Mo ($1.86 SF/Yr)

    CommercialLease - TURNERSVILLE, NJ

    Type:Office
    Property size:
    1,956 SF
    Lot size:
    0.43 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 25 at 4:06 pm

    Property Features for 3121 Black Horse Pike

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    15
    Parking features
    Parking Lot
    Size
    1,956 SF
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Number of units
    1
    Building materials
    Brick, Vinyl Siding

    We can help!

    Listing Contact
    Thomas P. Duffy

    Keller Williams Realty - Washington Township

    Listing agent Thomas P. Duffy License #8932672

    Listing date Mar 25, 2026

    MLS# NJGL2070858

    Copyright © 2026 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

    Turnersville Office Space For Lease

    Located on Black Horse Pike in Washington Township, this commercial property offers a lease opportunity in a busy business area. The two-story building provides 1,956 square feet of space suitable for professional or general office use. The property features 98 feet of frontage along the Black Horse Pike, offering high visibility. A full basement provides additional storage. The property is accessible from the Pike and from an adjacent neighborhood. The landlord is seeking a minimum 36-month lease at $2,900 per month. The tenant is responsible for all utilities, maintenance, and upkeep of the property. The lot size is 0.43 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Turnersville
    County
    Bergen
    State
    New Jersey
    Longitude
    -75.02941132
    Latitude
    39.72543335

    Nearby Similar for Lease

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      1,600 SF

      Retail Space on Route 42

      Retail space with high visibility and traffic on Route 42.
      5851 Black Horse Pike-Route 42, Turnersville, NJ
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    • Contact for pricing
      3,690 SF

      Retail Space in Shopping Center

      Retail space available in a busy shopping center.
      3501 Route 42, Turnersville, NJ
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    • Contact for pricing
      11,210 SF

      Turnersville Retail/Warehouse Space Available

      Former Burlington building suitable for retail, warehouse, or redevelopment.
      5901 Route 42, Turnersville, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Two-story office building in high-traffic location available for lease.
    Where is this office units located?
    The property is located at 3121 Black Horse Pike Turnersville, NJ.
    What is the lease rate?
    The lease rate is $1.86 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location with 98 feet of frontage on Black Horse Pike.; - 1,956 sq ft two-story building suitable for professional or general office use.; - Convenient access from Black Horse Pike and adjacent neighborhood.
    (856) 218-3400
    Request Owner's contact information
    3121 Black Horse Pike Turnersville, NJ 08012
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    Turnersville, NJ 08012
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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
    3121 Black Horse Pike Turnersville, NJ 08012
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    We can help!
    Listing Contact
    Thomas P. Duffy
    Real Estate License ID: 8932672
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