Former Bank Building with
For Sale
$449,000
340 S White Horse Pike, Berlin, NJ 08009
Former banking facility with on-site parking and frontage along a major local roadway.
Property Size2,000 SF
Price / SF$224.50
Days on Market188
Property Features for 340 S White Horse Pike
General Information
Standard status
Active
Size
2,000 SF
Building Details
Year Built
1980
Listing Agency:
Penzone Realty
Listed By:
Joseph P Penzone · License #5004450
(856) 227-3004
Source:
Premierehomegroup
Added: Apr 11
Changed: Sep 15
Last Checked: Oct 7 at 3:15PM
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 Penzone Realty
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Investment Insights
Based on property information with market context.
Former bank building at 340 S White Horse Pike in Berlin, New Jersey, offering approximately 1,717 square feet of interior space. The property sits on an approximately 0.69-acre lot and includes 17 parking spaces, providing an established configuration for a banking or other commercial use supported by the existing improvements.
The site fronts South White Horse Pike for 150 feet, giving the property a substantial presence along the roadway. Its address is 340 S White Horse Pike, Berlin, NJ 08009.
The site fronts South White Horse Pike for 150 feet, giving the property a substantial presence along the roadway. Its address is 340 S White Horse Pike, Berlin, NJ 08009.
Key Highlights
- Former bank building with 1,717+/- sf of interior space
- Approximately .69ac lot
- 17 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,245
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,900
$504.9K
Cap Rate 7%
$360,643
$360.6K
Cap Rate 9%
$280,500
$280.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$33.7K $16.83/SF
− OpEx
−$8.4K −$4.21/SF
NOI
$25.2K $12.62/SF
Area
Camden County, NJ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,900
Cap Rate 7%
$360,643
Cap Rate 9%
$280,500
Alternative Uses
Best Use
Specialty Retail
$360.6K
$315.6K – $420.8K
NOI $25,245 @ 7.0% cap · market cap 5.62%
Second Best
Retail
$275.1K
$240.7K – $321.0K
NOI $19,257 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$507.1K
$443.7K – $591.6K
NOI $35,498 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
8,485 visits/mo
0.5 miles
Dollar General
Shops & Services
5,876 visits/mo
0.2 miles
Prime Storage
Shops & Services
680 visits/mo
0.2 miles
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - Former banking facility with on-site parking and frontage along a major local roadway.
Where is this bank located?
The property is located at 340 S White Horse Pike Berlin, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Former bank building with 1,717+/- sf of interior space; Approximately .69ac lot; 17 parking spaces
