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

    Black Horse Pike & Malaga Road Williamstown, NJ 08094

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr $0.08/Mo (calc)

    Highly visible 1.26 acre retail site in growing area.

    Type:Land
    Property size:
    1 SF
    Lot size:
    1.26 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for Black Horse Pike & Malaga Road

    General Information

    Standard status
    Active
    Size
    1 SF
    Lot size
    1.26 Acres
    Property subtype
    Land

    Spaces For Lease

    at Black Horse Pike & Malaga Road Contact us

    We can help!

    Listing Contact
    Jason Wolf
    Jason Wolf

    Listing agent Jason Wolf License #PA #RM422074

    Listing office Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey

    Listing date Jan 26, 2026

    Source Corfac

    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 Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey

    Overview

    Prime Retail Site on Black Horse Pike

    This 1.26-acre retail site is situated at the intersection of Black Horse Pike and Karen Drive. The location offers convenient access to Atlantic City and New Jersey shore communities via the Atlantic City Expressway, I-295, and Black Horse Pike. The site is located within a high-income residential area with an average income exceeding $81,000 per year. Approximately 177,000 residents live within a 7-mile radius. The property is positioned in a rapidly growing trade area within a prime retail and commercial development zone, in close proximity to local health systems.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Williamstown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.9514
    Latitude
    39.6478

    Nearby Similar for Lease

    • $1,400/Mo

      Professional Office Units with Basements

      Affordable office units with parking in a well-maintained complex.
      375 N MAIN Street, WILLIAMSTOWN, NJ 08094
      View Details
    • $1,300/Mo

      Professional Office Space For Lease

      Functional office suite with kitchenette, bathroom, and high-traffic visibility.
      4268 S BLACK HORSE PK, WILLIAMSTOWN, NJ 08094
      View Details
    • $500/Mo

      Office Space with Private Entrance

      25' x 20' office space with private entrance.
      4268 S BLACK HORSE PK Pike, WILLIAMSTOWN, NJ 08094
      View Details
    • $1,600/Mo

      Versatile Office Space in Williamstown

      Well-located office space with flexible layout and strong visibility.
      4268 S BLACK HORSE PK, WILLIAMSTOWN, NJ 08094
      View Details
    • $1.00 SF/Yr

      Retail Restaurant Building For Rent

      5,000 SF retail restaurant building constructed in 2015.
      1840 S Black Horse Pike, Williamstown, NJ 08094
      View Details
    • Contact for pricing

      Flex/Industrial Space Near Route 42

      Flex/industrial space available just off Route 42.
      1041 Glassboro Road, Williamstown, NJ 08094
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible 1.26 acre retail site in growing area.
    Where is this commercial land located?
    The property is located at Black Horse Pike & Malaga Road Williamstown, NJ.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: Highly visible retail site at the intersection of Black Horse Pike and Karen Drive.; Located in a rapidly growing trade area.; Convenient access to Atlantic City and New Jersey shore communities via major roadways.
    (856) 857-6301
    We can help!
    Listing Contact
    Jason Wolf
    Jason Wolf
    Real Estate License ID: PA #RM422074
    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!