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    112 Elmtowne Blvd Hammonton, NJ 08037

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    For Sale
    $184,900

    Rare 55+ community twin home with lake views and sunroom.

    Property Features for 112 Elmtowne Blvd

    General Information

    Standard status
    Active
    Exterior features
    Cable TV, Electric Available, Natural Gas Available, Shingle, Pitched
    Interior features
    Cooling: Central A/C, Heating: Forced Air, Cooling Fuel: Electric, Heating Fuel: Natural Gas,Electric

    Building Details

    Year built
    1976

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    Listing Contact
    Joseph Wiessner
    Source: Kw

    Listing Agency: Joe Wiessner Realty Listing Agent: Joseph Wiessner

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

    Learn more

    Property Insight Report

    Overview

    Elmtowne Village Lake-View Twin Home

    Located in the 55+ community of Elmtowne Village in Winslow Township, this twin-style home offers peaceful living with views of the lake. The residence features 1,248 square feet of living space, including three bedrooms and two full bathrooms. The primary suite includes a private full bath with a stand-up shower. The additional bedrooms are served by a central hall bath. The layout includes an open living space with a living room that flows into the dining area and kitchen. A sunroom at the rear of the home offers lake views. The home is equipped with Carrier central air conditioning and a Lennox furnace for heating, as well as auxiliary electric baseboard heat in every room with individual thermostat control. Additional features include pull-down attic access for storage, a long concrete driveway with parking, and an exterior storage shed. Residents of Elmtowne Village benefit from monthly condo fees that cover snow removal, lawn and landscape maintenance, termite treatments, and roof replacement when needed, as well as septic system repairs with limitations. The property offers rear-facing privacy and is located in a walkable community with access to shopping, healthcare, and major roadways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Bar & Pub Food Market Electronics & Wireless Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammonton
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.8347374
    Latitude
    39.6866422

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    FAQs

    What type of property is this?
    Apartment building - Rare 55+ community twin home with lake views and sunroom.
    Where is this apartment building located?
    The property is located at 112 Elmtowne Blvd Hammonton, NJ.
    What is the asking price?
    The asking price for this property is $184,900.
    What are key features of this property?
    This property features: - Rare lake-view property in the desirable 55+ Elmtowne Village community, offering tranquil water and sunset views.; - Low-maintenance living with monthly condo fees covering various services.; - Open-concept living space featuring a sunroom with serene lake views.
    (609) 561-1010
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    112 Elmtowne Blvd Hammonton, NJ 08037
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    Hammonton, NJ 08037
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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
    112 Elmtowne Blvd Hammonton, NJ 08037
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    We can help!
    Listing Contact
    Joseph Wiessner
    Real Estate License ID: 9481996
    (609) 561-1010
    Learn more
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