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    Mullica Hill Mixed-Use Opportunity Title is generated by Realmo AI

    102 BRIDGETON PIKE, Mullica Hill, NJ 08062

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    Claim this Listing
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    For Sale
    $750,000

    CommercialSale - MULLICA HILL, NJ

    Property size:
    1,140 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $657/SF
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 102 BRIDGETON PIKE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,140 SF
    Lot size
    0.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9577

    Utilities

    Heating system
    Forced Air
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1955
    Architectural style
    Other

    We can help!

    Listing Contact
    Dale Riggs

    Listing agent Dale Riggs

    Listing office BHHS Fox & Roach Mullica Hill 157 Bridgeton Pike, NJ

    Listing date May 22, 2026

    MLS# NJGL2073528 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location at the intersection of Route 45 and Route 581.
    • Zoned C‑2 General Commercial District, permitting a wide range of commercial uses.
    • Includes a single‑family home, currently rented, providing immediate income.
    • Garage equipped with two lifts: a 10,000 lbs frame lift and a 12,000 lbs drive‑on lift.
    • Unique mixed‑use property offering redevelopment and business potential.
    • Garage has oil forced‑hot air heat; residence has natural gas forced‑hot air.

    Overview

    Formerly a Gulf service station, this property features a 2-bay garage and a single-family home. The garage includes a 10,000 lbs frame lift and a 12,000 drive-on lift, with oil forced-hot air heat. The residence has forced-hot air fueled by natural gas and is currently rented on a month-to-month basis, providing immediate income potential. Situated at the intersection of Route 45 (Bridgeton Pike) and Route 581 (Commissioners Road), the property is located in the C-2 General Commercial District. This district allows for a wide range of commercial uses, including retail stores, restaurants and cafes (excluding drive-thru operations), professional and medical offices, banks, personal service businesses, indoor recreation, artist or photography studios, appliance and hardware sales, and specialty shops. Automotive sales and related service operations may also be permitted. The existing residential dwelling adds flexibility for rental income, owner occupancy, or potential live/work arrangements. The property has a lot size of 0.86 acres and the building size is 1,140 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Law Firm Real Estate Agency 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.

    Similar Places Nearby

    • Coles Garage Services Inc — 30 S Main St, Mullica Hill, NJ 08062

    Location Insight

    • Map
    • Local Demand
    City
    Mullica Hill
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.22372
    Latitude
    39.728579

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    FAQs

    What type of property is this?
    Auto shop - Two-bay garage with single-family home in high-visibility location.
    Where is this auto shop located?
    The property is located at 102 BRIDGETON PIKE Mullica Hill, NJ.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: High‑visibility location at the intersection of Route 45 and Route 581.; Zoned C‑2 General Commercial District, permitting a wide range of commercial uses.; Includes a single‑family home, currently rented, providing immediate income.
    (609) 743-8205
    We can help!
    Listing Contact
    Dale Riggs
    Request Owner's contact information
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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.

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