Storefront Property with Restaurant
For Sale
$849,890
40 E Black Horse Pike, Hammonton, NJ 08037
Zoned for a bar and restaurant with central air and forced-air natural-gas heating.
Property Size5,000 SF
Price / SF$169.98
Days on Market136
Property Features for 40 E Black Horse Pike
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
78
Zoning
Rural Development - Primary Use: Bar & Restaurant
Taxes and HOA fees
Annual Taxes
$8,496
Amenities
Central Air
Forced Air, Natural Gas
Street, Trees/Woods
Building Details
Building Size
5,000 SF
Year Built
1982
Stories
1
Listing Agency:
Keller Williams Realty - Washington Township
(856) 218-3400
Listed By:
Thomas P. Duffy · License #8932672
(856) 218-3400
Source:
Evrealestate
Added: Apr 17
Changed: Aug 29
Last Checked: Aug 29 at 6:11PM
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 Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
This storefront property at 40 E Black Horse Pike includes central air and forced-air heating powered by natural gas. The property was built in 1982 and carries Rural Development zoning with a primary use designation for a bar and restaurant.
The property is situated on Black Horse Pike in Hammonton, Atlantic County, with street and trees-and-woods exterior features. Its storefront format and restaurant-oriented zoning provide the key physical and regulatory characteristics identified for the site.
The property is situated on Black Horse Pike in Hammonton, Atlantic County, with street and trees-and-woods exterior features. Its storefront format and restaurant-oriented zoning provide the key physical and regulatory characteristics identified for the site.
Key Highlights
- Rural Development zoning with primary use designated as bar and restaurant
- Central air conditioning
- Forced‑air heating with natural gas
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
$48,038
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
5.65%
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%
$960,760
$960.8K
Cap Rate 7%
$686,257
$686.3K
Cap Rate 9%
$533,756
$533.8K
Market Conditions
NOI Build-Up for 5,000 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
$75.0K $15.00/SF
− Vacancy
−$6.4K −$1.28/SF
EGI
$68.6K $13.73/SF
− OpEx
−$20.6K −$4.12/SF
NOI
$48.0K $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%
$960,760
Cap Rate 7%
$686,257
Cap Rate 9%
$533,756
Alternative Uses
Best Use
Retail
$686.3K
$600.5K – $800.6K
NOI $48,038 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,338 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Zoned for a bar and restaurant with central air and forced-air natural-gas heating.
Where is this storefront property located?
The property is located at 40 E Black Horse Pike Hammonton, NJ.
What is the asking price?
The asking price for this property is $849,890.
What are key features of this property?
This property features: Rural Development zoning with primary use designated as bar and restaurant; Central air conditioning; Forced‑air heating with natural gas
