Building Details

Year Built 1973

Listing Agency: Keller Williams Realty - Marlton

Listed By: James L Moffa, JANE BALMER-CRAFTS · License #901791 Show Phone

Source: Tbhteam

Added: Jul 18 Changed: Oct 9 Last Checked: Oct 7 at 3:57PM

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Investment Insights

Based on property information with market context.

This for-sale automotive auto shop property is located at 1230 Blackwood Clementon Road in CLEMENTON, NJ, in Camden County. The listing notes the site is situated on the right-hand side when approaching from Route 42 South.

Directions provided for the location are to take Route 42 South and exit at #8 for Blackwood Clementon Road. The property in question is at 1230 Blackwood Clementon Road.

No additional building specifications, current tenant details, or size information were provided in the materials shared for this listing.

Key Highlights

• Automotive auto shop property at 1230 Blackwood Clementon Road in Camden County
• Located along Route 42 South (Exit #8: Blackwood Clementon Road)
• Year built: 1973

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$552,485

Cap Rate

6.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$11,049,700 $11.0M

Cap Rate 7%

$7,892,643 $7.9M

Cap Rate 9%

$6,138,722 $6.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 56,700 SF

Gross rent

$850.5K $15.00/SF

− Vacancy

−$61.2K −$1.08/SF

EGI

$789.3K $13.92/SF

− OpEx

−$236.8K −$4.18/SF

NOI

$552.5K $9.74/SF

Area

Camden County, NJ

Vacancy

7.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$11,049,700

Cap Rate 7%

$7,892,643

Cap Rate 9%

$6,138,722

Alternative Uses

Best Use

Industrial

$7.89M

$6.91M – $9.21M (±1% cap)

NOI $552,485 @ 7.0% cap · market cap 6.50%

Second Best

Retail

$7.80M

$6.82M – $9.10M (±1% cap)

NOI $545,936 @ 7.0% cap · market cap 6.42%

Theoretical Best

Office A

$14.38M

$12.58M – $16.77M (±1% cap)

NOI $1,006,361 @ 7.0% cap · market cap 11.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 08021, NJ

51,458

Population

22,195

Households

2.3

Avg Household Size

37

Median Age

25%

College-Educated

90%

High-School Grad

13.0 sq mi

ZIP Area

3,958

Density / Sq Mi

$67,439

Median Household Income

$42,864

Median Earnings

$1,288

Median Rent

$192,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Xtreme Collision LLC — 74 Erial Rd, Clementon, NJ 08021
• Car Tingz — 395 Blackwood-Clementon Rd, Lindenwold, NJ 08021
• Arlong Auto Service — 353 Blackwood-Clementon Rd, Lindenwold, NJ 08021
• AA Auto & Truck Repair /TOWING SERVICES — 100 Chews Landing Rd, Clementon, NJ 08021
• AA AUTO & TRUCK REPAIR — 100 Chews Landing Rd, Clementon, NJ 08021

Frequently Asked Questions

What type of property is this?

Auto shop - For-sale automotive auto shop property at 1230 Blackwood Clementon Road, located along Route 42 South.

Where is this auto shop located?

The property is located at 1230 Blackwood Clementon Rd Clementon, NJ.

What is the asking price?

The asking price for this property is $8,500,000.

What are key features of this property?

This property features: Automotive auto shop property at 1230 Blackwood Clementon Road in Camden County; Located along Route 42 South (Exit #8: Blackwood Clementon Road); Year built: 1973