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    Prime Commercial Spaces on Black Horse Title is generated by Realmo AI

    216 S BLACK HORSE Pike, Glendora, NJ 08029

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    For Lease
    $1,000/Mo $9 SF/Yr (calc)

    CommercialLease - GLENDORA, NJ

    Type:Office
    Property size:
    1,300 SF
    Added:
    May 9, 2026
    Days on Market:
    4
    Last Refresh:
    May 12 at 6:06 pm

    Property Features for 216 S BLACK HORSE Pike

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Size
    1,300 SF

    Utilities

    Cooling system
    Ductless

    Building Details

    Year built
    2026
    Building materials
    Brick

    We can help!

    Listing Contact
    Paul P Cheng

    Listing agent Paul P Cheng License #AB068536

    Listing office Keller Williams Realty 409 Marlton Pike, Cherry Hill, NJ

    Listing date May 9, 2026

    MLS# NJCD2117266

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Black Horse Pike ensures maximum business exposure.
    • Newly renovated first‑floor spaces offer a modern and professional environment.
    • Full basements in both properties provide substantial storage or flexible workspace.
    • Convenient access to Route 42 and the Atlantic Expressway facilitates regional market reach.
    • Proximity to Philadelphia and Gloucester Premium Outlets increases customer potential.
    • Suitable for a wide range of businesses, including retail, office, and restaurants.

    Overview

    Two commercial spaces are available for lease at 212 and 216 S. Black Horse Pike, situated on a busy road with high visibility and accessibility. The spaces are newly renovated and located on the first floor, suitable for various businesses, including retail, office, barber shops, restaurants, and mixed-use ventures. 216 S. Black Horse Pike offers 450 square feet of first-floor space with a full basement for storage or operations. 212 S. Black Horse Pike provides 1,300 square feet of first-floor space, a full basement, and a private driveway. Both spaces have been recently renovated, offering a modern environment. Build-to-suit options are available. The properties are located on S. Black Horse Pike, with significant daily traffic, near Route 42 and the Atlantic Expressway, providing easy access to regional markets. They are also located minutes from Philadelphia, the Gloucester Premium Outlets, and across from the Meadows Diner, which generates foot traffic. The properties are surrounded by a diverse business community and are part of the Blackwood West Redevelopment Plan Business district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Glendora
    County
    Camden
    State
    New Jersey
    Longitude
    -75.06735
    Latitude
    39.83521

    Nearby Similar for Lease

    • $3,500/Mo

      Retail Space with Warehouse

      Retail space with basement warehouse and high visibility location.
      419 BLACK HORSE Pike, GLENDORA, NJ 08029
      View Details
    • $2,000/Mo

      Retail Space on Black Horse

      Retail space available on busy Black Horse Pike in Glendora.
      703 BLACK HORSE Pike, GLENDORA, NJ 08029
      View Details

    FAQs

    What type of property is this?
    Retail space - Newly renovated commercial spaces for lease on high-traffic Black Horse Pike.
    Where is this retail space located?
    The property is located at 216 S BLACK HORSE Pike Glendora, NJ.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Black Horse Pike ensures maximum business exposure.; Newly renovated first‑floor spaces offer a modern and professional environment.; Full basements in both properties provide substantial storage or flexible workspace.
    (215) 327-1722
    We can help!
    Listing Contact
    Paul P Cheng
    Real Estate License ID: AB068536
    Learn More
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    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
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    216 S BLACK HORSE Pike, GLENDORA, NJ 08029
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