Commercial Land With Two
For Sale
$350,000
142 S Route 73, Hammonton, NJ 08037
Existing improvements include public water, public sewer, natural gas service, and updated building components.
Property Size1,776 SF
Price / SF$197.07
Days on Market47
Property Features for 142 S Route 73
General Information
Standard status
Active
Size
1,776 SF
Building Details
Year Built
1934
Listing Agency:
Lamb Realty
(856) 589-8100
Listed By:
Joseph R Lamb
Source:
Bernadetteaugello
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 25 at 4:06AM
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 Lamb Realty
Investment Insights
Based on property information with market context.
This 2.18-acre commercial land parcel includes two existing buildings. The front structure is residential in configuration and has newer siding, windows, roofing, and an HVAC system. It is connected to public water and sewer and served by natural gas. The rear structure is commercial, with newer windows and a newer roof; its prior use was a hair salon.
The property provides 190 feet of frontage along Route 73 and a rear entrance from a separate street. It is near shopping and offers access to major highways, with Philadelphia described as a short drive away. Zoning, permitted uses, and any required variances or certifications must be confirmed with the local township. The property is offered as-is.
The property provides 190 feet of frontage along Route 73 and a rear entrance from a separate street. It is near shopping and offers access to major highways, with Philadelphia described as a short drive away. Zoning, permitted uses, and any required variances or certifications must be confirmed with the local township. The property is offered as-is.
Key Highlights
- 2.18 acres with two existing buildings
- 190 +/- feet of frontage on Route 73
- Front building includes newer siding, windows, roof, and HVAC system
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
$17,063
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
4.88%
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%
$341,260
$341.3K
Cap Rate 7%
$243,757
$243.8K
Cap Rate 9%
$189,589
$189.6K
Market Conditions
NOI Build-Up for 1,776 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
$26.6K $15.00/SF
− Vacancy
−$2.3K −$1.28/SF
EGI
$24.4K $13.73/SF
− OpEx
−$7.3K −$4.12/SF
NOI
$17.1K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
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%
$341,260
Cap Rate 7%
$243,757
Cap Rate 9%
$189,589
Alternative Uses
Best Use
Retail
$243.8K
$213.3K – $284.4K
NOI $17,063 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$661.4K
$578.7K – $771.6K
NOI $46,296 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
8,999 visits/mo
0.3 miles
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Existing improvements include public water, public sewer, natural gas service, and updated building components.
Where is this commercial land located?
The property is located at 142 S Route 73 Hammonton, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2.18 acres with two existing buildings; 190 +/- feet of frontage on Route 73; Front building includes newer siding, windows, roof, and HVAC system
