Retail Space in Berlin
For Sale
Contact for pricing
2 S Route 73, Berlin, NJ
Retail space for sale in high-traffic Berlin shopping center.
Property Size4,500 SF
Lot Size3.95 Acres
Price / SF$222.22
Days on Market863
Property Features for 2 S Route 73
General Information
Standard status
Active
Size
4,500 SF
Lot size
3.95 Acres
Property subtype
RETAIL
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Ken Richardson · License ##1865294
(609) 346-0512
Source:
Moodyscre
Added: May 3, 2024
Changed: Jul 6
Last Checked: Sep 11 at 7:52AM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
The Bloom Circle Shopping Center offers a retail opportunity in the Berlin retail corridor, situated along Route 73. The property is located between Philadelphia and Atlantic City, surrounded by residential communities, and near the Atlantic City Expressway and White Horse Pike. The center features a diverse mix of co-tenants, including Ollie Gator’s Pub, Brazilian Jiu-Jitsu, Circle Chinese Restaurant, Cutting Times II, Mode E Vape Lounge, and PN Nails & Spa. Pylon signage is available for increased visibility. The property offers 4,500 square feet of space.
Key Highlights
- Located in the heart of the Berlin retail corridor on Route 73.
- High visibility due to available pylon signage.
- Well‑situated between Philadelphia and Atlantic City.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$866,560
$866.6K
Cap Rate 7%
$618,971
$619.0K
Cap Rate 9%
$481,422
$481.4K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.5K $15.00/SF
− Vacancy
−$5.6K −$1.25/SF
EGI
$61.9K $13.76/SF
− OpEx
−$18.6K −$4.13/SF
NOI
$43.3K $9.63/SF
Area
Camden County, NJ
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$866,560
Cap Rate 7%
$618,971
Cap Rate 9%
$481,422
Alternative Uses
Best Use
Retail
$619.0K
$541.6K – $722.1K
NOI $43,328 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$998.4K – $1.33M
NOI $79,870 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
2,740 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Town Square — 302 White Horse Pike, Atco, NJ 08004
- Berlin Shopping Center — 328 S White Horse Pike, Berlin, NJ 08009
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space for sale in high-traffic Berlin shopping center.
Where is this shopping center located?
The property is located at 2 S Route 73 Berlin, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Located in the heart of the Berlin retail corridor on Route 73.; High visibility due to available pylon signage.; Well‑situated between Philadelphia and Atlantic City.
