Bar with Plenary Liquor
For Sale
$849,890
40 E Black Horse Pike, Hammonton, NJ 08037
COMMERCIAL/INDUSTRIAL, Folsom Borough, NJ
Property Size5,000 SF
Lot Size3.62 Acres
Price / SF$169.98
Days on Market157
Property Features for 40 E Black Horse Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RD
Rooms
Laundry Room, Office
Parking features
Off Street
Interior features
Restroom, Smoke/Fire Alarm, Storage
Exterior features
Fence, Sign
Fencing
Fenced
Lot features
Business District
Directions
Black Horse Pike to Location.
Subdivision
Folsom Borough
Standard status
Active
Lot size
3.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8496
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Well
Building Details
Year built
1982
Flooring type
Linoleum, Hardwood
Roof type
Flat
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY-WASHINGTON TWP
(856) 582-1200
Listed By:
THOMAS DUFFY · License #8932672
(856) 218-3400
Added: Apr 17
Changed: Sep 13
Last Checked: Sep 20 at 11:06PM
MLS# 606843
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This bar property includes a building and associated land, along with a plenary retail consumption liquor license. The sale includes furniture, fixtures, equipment, and inventory, supporting continued hospitality or entertainment operations. Interior features include restrooms, storage, smoke and fire alarms, an office, and a laundry room. The building has hardwood and linoleum flooring, forced-air heating, central air, ceiling fans, and a flat roof. A new roof was installed in 2026.
The property encompasses 3.62 acres with approximately 450 feet of frontage on the Black Horse Pike. The building contains approximately 5,000 square feet and has a maximum occupancy of 282. Seventy-eight on-site parking spaces provide customer parking, while fencing and a property sign are also present. The site uses a well water source and is zoned RD.
The property encompasses 3.62 acres with approximately 450 feet of frontage on the Black Horse Pike. The building contains approximately 5,000 square feet and has a maximum occupancy of 282. Seventy-eight on-site parking spaces provide customer parking, while fencing and a property sign are also present. The site uses a well water source and is zoned RD.
Key Highlights
- 3.62‑acre bar property with approximately 450 feet of Black Horse Pike frontage
- Approximately 5,000 square feet with a maximum occupancy of 282
- 78 on‑site parking spaces
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
$77,355
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
9.10%
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%
$1,547,100
$1.5M
Cap Rate 7%
$1,105,071
$1.1M
Cap Rate 9%
$859,500
$859.5K
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
$108.0K $21.60/SF
− Vacancy
−$4.9K −$0.97/SF
EGI
$103.1K $20.63/SF
− OpEx
−$25.8K −$5.16/SF
NOI
$77.4K $15.47/SF
Area
Atlantic County, NJ
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,547,100
Cap Rate 7%
$1,105,071
Cap Rate 9%
$859,500
Alternative Uses
Best Use
Specialty Retail
$1.11M
$966.9K – $1.29M
NOI $77,355 @ 7.0% cap · market cap 9.10%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Folsom Inn — 1030 Black Horse Pike, Hammonton, NJ 08037
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped bar property with included furnishings, operating equipment, inventory, and commercial land.
Where is this bar & pub 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: 3.62‑acre bar property with approximately 450 feet of Black Horse Pike frontage; Approximately 5,000 square feet with a maximum occupancy of 282; 78 on‑site parking spaces
