Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1245 Highway 77 Bridgeton, NJ 8302

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,000

    Two-story building on 3.21 acres with high visibility location.

    Lot size:
    3.21 Acres
    Added:
    Jan 28, 2025
    Days on Market:
    456
    Last Refresh:
    Jan 14 at 5:31 am

    Property Features for 1245 Highway 77

    General Information

    Standard status
    Active
    Lot size
    3.21 Acres

    We can help!

    Listing Contact
    Richard G Warner
    Richard G Warner

    Listing agent Richard G Warner License #120281

    Listing office Warner Real Estate & Auction Company

    Listing date Jan 28, 2025

    Source Exprealty

    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 Warner Real Estate & Auction Company

    Overview

    Former Bank Building on Route 77

    Available for sale or lease, this former bank site is situated on 3.21 acres on Route 77 and Big Oak Road. The two-story building is in good condition and includes 32 parking spaces, including 2 handicapped spaces. The building offers several private offices, a utility room, and restrooms on both the first (men and women) and second floors. This location offers high visibility in Upper Deerfield Township, with a traffic count of 5886 vehicles per day in 2022. The property includes block 1202 lots 5 and 6. The property is suitable for a growing business looking for a new or additional location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeton
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.208
    Latitude
    39.4861

    Nearby Similar for Sale

    • $555,000
      2,100 SF

      Gentleman's Farm with Development Potential

      10-acre farm with public utilities and development opportunities.
      81 OLD DEERFIELD PIKE, BRIDGETON, NJ 08302
      View Details
    • $860,000

      Former Daycare Facility on 2 Acres

      Commercial property suitable for office or educational facility in Bridgeton.
      1185 HIGHWAY 77, BRIDGETON, NJ 08302
      View Details
    • $849,000

      Bridgeton Multi-Unit Investment Opportunity

      Seven-unit rental property with recent upgrades and off-street parking.
      20 Franklin Street, Bridgeton, NJ 08302
      View Details
    • $399,999
      2,668 SF

      Mixed-Use Property with Salon Business

      Mixed-use property with salon, residential unit, and expansion potential.
      200 CORNWELL DRIVE, BRIDGETON, NJ 08302
      View Details
    • $1,250,000

      Mini Golf Course and Franchise

      Turnkey water ice franchise and mini golf course for sale.
      73 LANDIS Avenue, BRIDGETON, NJ 08302
      View Details
    • $279,000
      2,072 SF

      Side-by-Side Duplex on Oversized Lot

      Duplex with updated utilities and ample parking in Bridgeton.
      106-108 AMERICAN Avenue, BRIDGETON, NJ 08302
      View Details
    • $249,900

      Commercial Property in Bridgeton, NJ

      Commercial property with tremendous potential in the heart of Bridgeton.
      50-52 N LAUREL Street, BRIDGETON, NJ 08302
      View Details
    • Contact for pricing
      9,040 SF

      Freestanding Retail Investment Opportunity

      Newly constructed retail property leased to Dollar Tree.
      399 E Broad St, Bridgeton, NJ
      View Details
    • $475,000

      Scenic Land Ideal for Farmette

      21.41 acre farmette perfect for building your dream home.
      0 PECKS CNR COHANSEY ROAD, BRIDGETON, NJ 08302
      View Details
    • $860,000
      6,825 SF

      Highway 77 Commercial Property

      Commercial property for sale on Highway 77 in Bridgeton.
      1185 Highway 77, Bridgeton, NJ 08302
      View Details
    • $2,100,000
      20,500 SF

      Office/Medical Building Investment Opportunity

      20,500 SF office/medical building on 2.25 acres for sale.
      105 MANHEIM Ave, BRIDGETON, NJ 08302
      View Details
    • Contact for pricing
      7,252 SF

      Retail Building on Main Road

      Prime retail building in downtown Bridgeton, built in 2017.
      619 Shiloh Pike , Bridgeton, NJ 08302
      View Details

    FAQs

    What type of property is this?
    Bank - Two-story building on 3.21 acres with high visibility location.
    Where is this bank located?
    The property is located at 1245 Highway 77 Bridgeton, NJ.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime location on Route 77 and Big Oak Road with high visibility (5886 vehicles per day).; Large 3.21 +/- acre site suitable for various business needs.; Two‑story building in good condition with multiple private offices.
    (856) 769-4111
    We can help!
    Listing Contact
    Richard G Warner
    Richard G Warner
    Real Estate License ID: 120281
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!