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Property profile & analytics
OFF-MARKET
Estimated value
$4,660,000
Other commercial real estate
308 White Horse Pike Hammonton, NJ 08037-1136
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0549993
Property summary
AI-generated overview
This exceptional 2,877 square foot commercial space in Hammonton, New Jersey, presents a fantastic opportunity for businesses seeking a prime location. Situated on White Horse Pike S, this property boasts excellent visibility and accessibility, ensuring easy access for clients and employees. The versatile layout is perfect for a range of professional uses, including adult day care centers, medical offices, or law firms. The interior features three private offices, offering the necessary privacy for administrative or executive functions, complemented by a spacious open floor plan. This adaptable design allows for flexible configurations to meet diverse business needs, whether it's creating client-facing areas or specialized treatment rooms. The property is ready for immediate occupancy, eliminating any delays in starting operations. Its location in a highly desirable area guarantees high visibility and convenient access, making it an ideal choice for businesses seeking a thriving environment. This commercial space offers a unique blend of functionality, convenience, and prime location, making it an exceptional investment opportunity. The property is available now.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
TYPE NOT SPECIFIED
Lot
9.87 ac (429,847 SF)
APN
13 03904-0000-00040
UPID
US59-0549993
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.66M
Owner & transaction history
White Horse Hmt Urban Renewal · 6 yrs held
White Horse Hmt Urban Renewal
since 2020
Last sale
$4.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hammonton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hammonton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,125,000
ML approach
$4,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.66M
Range $4.19M – $5.13M · ±10% · vs last sale $4.35M (May 12 2020)
Last sale anchor
$4.35M
May 12 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$57,183
Tax year 2022
Assessed value
$3,100,000
Assessed 2023
Previous assessed
$3,100,000
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$478,900
Assessed improvement
$2,621,100
Land market value
$478,900
Improvement market value
$2,621,100
Total market value
$3,100,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
9.87 ac (429,847 SF)
APN
13 03904-0000-00040
UPID
US59-0549993
Jurisdiction
ATLANTIC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
9.87 ac
Current owner
From public records · entity-resolved
White Horse Hmt Urban Renewal
Individual
Mailing address
137 BROAD ST, RED BANK, NJ 07701-1923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2020
$4,350,000
White Horse Hmt Urban Renewal
Hms Of Hammonton LLP
Grant Deed
$28,600,000 · New Jersey Economic Dev Auth
Jun 25, 2004
$2,500,000
Hms Of Hammonton LLC
Rucha Corp
Grant Deed
$4,000,000 · Minotola National Bank
—
—
Rucha Corp
—
Deed Of Trust
related
$50,196 · Minotola National Bank
—
—
Hms Of Hammonton LLC
—
Deed Of Trust
related
$109,000 · Susquehanna Patriot Bank
—
—
Hms Of Hammonton LLC
—
Deed Of Trust
related
$2,650,000 · Minotola National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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