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

    406 Route 73 N West Berlin, NJ 08091

    Sponsored
    For Lease
    $4,500 /Mo

    CommercialLease - WEST BERLIN, NJ

    Type:Retail
    Days on Market:
    28
    Last Refresh:
    Jan 26 at 5:06 pm

    Property Features for 406 Route 73 N

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    77
    Parking features
    Parking Lot, On Street

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Building materials
    Block

    We can help!

    Listing Contact
    James L Moffa

    Keller Williams Realty - Medford (609) 654-5656

    Listing agent James L Moffa (609) 654-5656 License #901791

    Listing date Dec 30, 2025

    MLS# NJCD2108026

    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

    Prime Retail Space on Route 73

    This retail space is located in a strip shopping center on Route 73 in West Berlin, at a lighted, signalized intersection within a major commercial corridor. The location offers high exposure, visibility, and foot traffic. Situated next to a WAWA, White Dry Cleaners, and Sherwin Williams, the space was previously occupied by Print Kreations. It can be subdivided into two 900-square-foot suites or combined into one suite of over 1900 square feet. The adaptable and flexible layout can be modified in various configurations. The property is near medical facilities, including the University of Penn, Cooper MD Anderson Cancer Center and Hospital, Fox Chase, and Virtua. It is also minutes from fast food and high-end restaurants. Accessible from I-295, Routes 38, 70, 73, 206, the PA & NJ Turnpikes, and the Atlantic City Expressway, the property is near Philadelphia and shore points, as well as the Promenade Shopping Center, Moorestown & Cherry Hill Malls, Centerton Sq, and The Market Place at Garden State. Parking is available for over 75 vehicles. The landlord covers external maintenance. The location provides convenience to other businesses and communities in the tri-state area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis Jewelry Store Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Berlin
    County
    Camden
    State
    New Jersey
    Longitude
    -74.93101908
    Latitude
    39.81266097

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    FAQs

    What type of property is this?
    Strip mall - High-visibility retail space in West Berlin, near major roadways.
    Where is this strip mall located?
    The property is located at 406 Route 73 N West Berlin, NJ.
    What are key features of this property?
    This property features: - Prime location on Route 73 at a signalized intersection in a major commercial corridor with high visibility and traffic count.; - Flexible space that can be subdivided into two 900 SF suites or used as one 1900+ SF suite, adaptable to various designs.; - Excellent accessibility to major roadways including I-295, Routes 38, 70, 73, 206, PA & NJ Turnpikes, and the Atlantic City Expressway.
    (856) 441-6800
    Request Owner's contact information
    406 Route 73 N West Berlin, NJ 08091
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    West Berlin, NJ 08091
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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
    406 Route 73 N West Berlin, NJ 08091
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    We can help!
    Listing Contact
    James L Moffa
    Real Estate License ID: 901791
    (856) 441-6800
    Learn more
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