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

    2 S Route 73 Berlin, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail space for sale in high-traffic Berlin shopping center.

    Type:RETAIL
    Property size:
    4,500 SF
    Lot size:
    3.95 Acres
    Price / SF:
    $222/SF
    Added:
    May 3, 2024
    Days on Market:
    728
    Last Refresh:
    Apr 5 at 11:18 pm

    Property Features for 2 S Route 73

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    3.95 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Ken Richardson

    Listing agent Ken Richardson License #NJ 1865294

    Listing office Vantage Commercial

    Listing date May 3, 2024

    Source Moodyscre

    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

    Overview

    Retail Space in Berlin Corridor

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Berlin Shopping Center — 328 S White Horse Pike, Berlin, NJ 08009
    • Town Square — 302 White Horse Pike, Atco, NJ 08004

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9108
    Latitude
    39.7781

    Nearby Similar for Sale

    • $299,900

      Prime Commercial Corner on Route 73

      High-visibility commercial property on Route 73 in Berlin, NJ.
      200 S ROUTE 73 S, BERLIN, NJ 08009
      View Details
    • $350,000
      2,300 SF

      Office with Warehouse Condo

      2,300 sq ft office/warehouse condo for sale.
      430 COMMERCE LANE, BERLIN, NJ 08009
      View Details
    • $1,299,000
      930 SF

      Turn-Key Used Car Location

      Established used car business with rental house on 1.06 acres.
      201 CROSS KEYS ROAD, BERLIN, NJ 08009
      View Details
    • $599,900

      Prime Corner Location Investment Opportunity

      High-visibility corner property leased to Enterprise on heavily traveled corridor.
      198 S ROUTE 73, BERLIN, NJ 08009
      View Details
    • $398,000
      1,104 SF

      Commercial Property with Rental Income

      Commercial building with frontage and detached house for rental income.
      154 CROSS KEYS ROAD, BERLIN, NJ 08009
      View Details
    • $999,000
      1,800 SF

      Equipped Horticultural and Nursery Operation

      Well-equipped property for large-scale horticultural and nursery operations.
      312 Lakedale Rd, Berlin, NJ 08009
      View Details
    • $499,000
      5,720 SF

      Versatile Multi-Use Property in Berlin

      Remodeled flex space ideal for business or investment in Berlin.
      1 W Broad St, Berlin, NJ, 08009-1435
      View Details
    • $229,850
      1,362 SF

      Commercial Property on Cross Keys

      Commercial property available on Cross Keys Road in Berlin, NJ.
      79 Cross Keys Rd, Berlin, NJ 08009
      View Details
    • Contact for pricing
      7,200 SF

      Existing Industrial Facility For Sale

      7,200 SF industrial facility with expansion potential.
      115 Cross Keys Road, Berlin, NJ, 08009
      View Details
    • Contact for pricing
      5,200 SF

      Retail Property on White Horse Pike

      Retail space with frontage and outdoor storage in Berlin.
      236 S White Horse Pike, Berlin, NJ
      View Details
    • Contact for pricing
      7,200 SF

      Industrial Facility with Expansion Potential

      7,200 SF industrial facility with expansion possibilities in Berlin, NJ.
      115 Cross Keys Road, Berlin, NJ
      View Details
    • Contact for pricing
      3,422 SF

      Retail Space on Cross Keys

      Retail space available in Berlin, New Jersey.
      100 Cross Keys Rd, Berlin, NJ
      View Details

    FAQs

    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.
    (609) 346-0512 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ken Richardson
    Real Estate License ID: NJ 1865294
    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!