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    Highway Commercial Property For Lease Title is generated by Realmo AI

    58 WHITE HORSE Pike, Waterford Works, NJ 08089

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    For Lease
    $2,800/Mo $18 SF/Yr (calc)

    CommercialLease - WATERFORD WORKS, NJ

    Type:Office
    Property size:
    1,800 SF
    Lot size:
    0.17 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    385
    Last Refresh:
    May 10 at 12:06 am

    Property Features for 58 WHITE HORSE Pike

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    8
    Parking features
    Assigned, Parking Lot
    Standard status
    Active
    Size
    1,800 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Building materials
    Frame

    We can help!

    Listing Contact
    Joseph Wiessner

    Listing agent Joseph Wiessner License #9481996

    Listing office Joe Wiessner Realty LLC 45 N Route 73, Hammonton, NJ

    Listing date Apr 21, 2025

    MLS# NJCD2090830

    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.

    HighLights

    • Prime Highway Commercial (HC) zoning on White Horse Pike ensures high visibility.
    • Additional HC zoned lot on Zimmerman Ave offers expansion possibilities.
    • Property is tenant‑occupied until April 15, 2025, providing immediate income.
    • Recent renovations offer modern efficiency and reduced maintenance.
    • Features 1,800 sq ft of above‑grade space with high ceilings and a flexible layout.
    • Ample parking available with an ADA‑compliant entry ramp.

    Overview

    Located on White Horse Pike in Chesilhurst, NJ, this highway commercial property offers an opportunity for business owners. Zoned HC (Highway Commercial), the property benefits from a high-traffic location suitable for various commercial uses. The building features 1,800 square feet of above-grade space, high ceilings, and a flexible layout. Originally a T-shirt pressing facility, it was renovated in 2007 and now functions as a professional office. The main level includes a reception area, private offices, a conference room, a kitchen area, and a bathroom, all with ceilings over 10 feet high. A full 1,800-square-foot basement provides storage space. Renovations in 2007 included upgrades to the HVAC system, electrical wiring, roof and truss structure, windows, a natural gas furnace, and well water system. The HVAC system was further upgraded in 2015. The property features a 200-amp electrical service, public waste disposal, and an ADA-compliant entry ramp. With 50 feet of frontage on White Horse Pike, the property has high visibility. The main lot measures 50 by 150 feet, and the rear parking area accommodates six to seven vehicles. An additional lot on Zimmerman Ave, also zoned HC and measuring 200 by 150 feet, allows for expansion, additional parking, or outdoor operations. This property is suitable for a professional office, retail space, or a specialized facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Works
    County
    Camden
    State
    New Jersey
    Longitude
    -74.86689
    Latitude
    39.73184

    Nearby Similar for Lease

    • $1,300/Mo

      WATERFORD WORKS Office Suite For Lease

      Office suite with flexible space, natural light, and off-street parking.
      203 S WHITE HORSE Pike, WATERFORD WORKS, NJ 08089
      View Details
    • $1,000/Mo

      WATERFORD WORKS Office Suite For Lease

      Office suite with natural light and off-street parking available.
      203 S WHITE HORSE Pike, WATERFORD WORKS, NJ 08089
      View Details

    FAQs

    What type of property is this?
    Office units - Turnkey commercial property with high visibility and traffic.
    Where is this office units located?
    The property is located at 58 WHITE HORSE Pike Waterford Works, NJ.
    What is the lease rate?
    The lease rate is $2,800 /Mo.
    What are key features of this property?
    This property features: Prime Highway Commercial (HC) zoning on White Horse Pike ensures high visibility.; Additional HC zoned lot on Zimmerman Ave offers expansion possibilities.; Property is tenant‑occupied until April 15, 2025, providing immediate income.
    (609) 561-1010
    We can help!
    Listing Contact
    Joseph Wiessner
    Real Estate License ID: 9481996
    Learn More
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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
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    58 WHITE HORSE Pike, WATERFORD WORKS, NJ 08089
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