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    10 N White Horse Pike Hammonton, NJ 8037

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    For Lease
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    High-traffic retail units available for lease, prime location.

    Type:Retail
    Added:
    May 2, 2023
    Days on Market:
    1085
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 10 N White Horse Pike

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 10 N White Horse Pike Contact us

    993 sf $25 /Mo

    Size
    993 SF
    Type
    Retail
    993 square feet. Shares parking lot with Super Wawa which is extremely busy.
    Contact us

    1050 sf $30 /Mo

    Size
    1,050 SF
    Type
    Retail
    1,050 square feet. Shares parking lot with Super Wawa which is extremely busy.
    Contact us

    1000 sf $22 /Mo

    Size
    1,000 SF
    Type
    Retail
    1,000 square feet. Shares parking lot with Super Wawa which is extremely busy.
    Contact us

    686 sf $25 /Mo

    Size
    686 SF
    Type
    Retail
    686 square feet. Shares parking lot with Super Wawa which is extremely busy.
    Contact us

    We can help!

    Listing Contact
    Michelle McMaster

    Listing agent Michelle McMaster License #NJ 1542221

    Listing office Sail Lake Realty

    Listing date May 2, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Sail Lake Realty

    Overview

    Retail Units For Lease

    Retail units are available for lease at the Village Shoppes, situated next to the Hammonton Super Wawa with a connecting parking lot. The exterior is scheduled for a complete renovation to achieve a modern aesthetic. Discounted rent is available until renovations are completed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Hammonton
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.788408
    Latitude
    39.6472146

    Nearby Similar for Lease

    • $25/mo

      Hammonton Retail Space For Lease

      1,020 sq ft commercial unit in The Village Shoppes.
      10 N White Horse Pike, Hammonton, NJ 08037
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    • $20/mo

      Retail Space in Hammonton Location

      1,000 sq ft retail space in a prime location.
      10 N White Horse Pike, Hammonton, NJ 08037
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    • $23/mo

      Retail/Office Space in Hammonton

      686 sq ft retail or office space in high-traffic location.
      10 N White Horse Pike, Hammonton, NJ 08037
      View Details
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      Office/Professional Building in Hammonton, NJ

      Free-standing office building in a historic Hammonton location.
      220 Vine St Street, Hammonton, NJ 08037
      View Details
    • $16/mo

      Hammonton Office/Medical Building For Lease

      Two-story office/medical building with available suites and ample parking.
      820 S White Horse Pike, Hammonton, NJ
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      Renovated Office Space in Hammonton

      3,033 sq ft office space for rent in Hammonton.
      373 S White Horse Pike, Hammonton, NJ 08037
      View Details
    • Contact for pricing

      Renovated Office Space for Lease

      3,033 sq ft Hammonton office space available for lease.
      373 S WHITE HORSE Pike, HAMMONTON, NJ 08037
      View Details
    • $18/mo

      Renovated Building in Hammonton Business District

      Freestanding, renovated building in Hammonton's business district, easily accessible.
      11 S 3rd St, Hammonton, NJ
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Development

      4,100 SF endcap space in Hammonton, NJ for lease.
      137 N White Horse Pike, Hammonton, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - High-traffic retail units available for lease, prime location.
    Where is this retail space located?
    The property is located at 10 N White Horse Pike Hammonton, NJ.
    What are key features of this property?
    This property features: High‑traffic location next to Hammonton Super Wawa; Connecting parking lot with Wawa; Exterior undergoing complete renovation for a modern look
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michelle McMaster
    Real Estate License ID: NJ 1542221
    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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