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    Prime Location on Route 30 Title is generated by Realmo AI

    511 S White Horse Pike, Hammonton, NJ 08037

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    For Sale
    $598,000

    7.22 acres on Route 30 with restructuring possibilities.

    Type:Commercial/Industrial
    Property size:
    2,751 SF
    Lot size:
    7.22 Acres
    Price / SF:
    $217/SF
    Added:
    Mar 11, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 6 at 1:59 am

    Property Features for 511 S White Horse Pike

    General Information

    Standard status
    Active
    Size
    2,751 SF
    Lot size
    7.22 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Patricia Chiu

    Listing agent Patricia Chiu License #0451782

    Listing office Balsley-Losco Realtors

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Balsley-Losco Realtors

    HighLights

    • Significant Price Reduction: Motivated seller with a $100,000 price drop.
    • Large Acreage in Prime Location: 7.22 acres on Route 30 in Hammonton.
    • Dual Road Frontage: Offers 303 ft on White Horse Pike and 198 ft on Main Road.
    • Upgraded Main Building: Significant renovations in 2016 including plumbing, HVAC, roof, and more.
    • Versatile Commercial or Residential Use: Suitable for commercial redevelopment or potential subdivision.
    • Detached Garage with Electricity: Large garage ideal for auto detailing, repairs, or storage.

    Overview

    This 7.22-acre property, previously used as a used car dealership, is located on Route 30 in Hammonton. The property offers restructuring possibilities for a new commercial entity and potential for subdivision into single-family homes. It features 303 feet of road frontage on White Horse Pike and 198 feet of road frontage on Main Road, which borders a residential neighborhood. The main building was upgraded in 2016 with improvements to the plumbing, HVAC, roof, siding, soffit, a large kitchen, and full-sized bathrooms. The upstairs area includes large offices and another bathroom. The basement provides storage space. A handicap ramp is located at the back of the main building. A large, detached garage with electricity is suitable for auto detailing and repairs. The property includes a cleared lot with parking space for 40+ cars. Public water is available. A septic system is located onsite, but its condition is unknown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Kitchen & Bath Showroom Bar & Pub Electrical Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammonton
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.8364
    Latitude
    39.6896

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    FAQs

    What type of property is this?
    Parking lot & garage - 7.22 acres on Route 30 with restructuring possibilities.
    Where is this parking lot & garage located?
    The property is located at 511 S White Horse Pike Hammonton, NJ.
    What is the asking price?
    The asking price for this property is $598,000.
    What are key features of this property?
    This property features: Significant Price Reduction: Motivated seller with a $100,000 price drop.; Large Acreage in Prime Location: 7.22 acres on Route 30 in Hammonton.; Dual Road Frontage: Offers 303 ft on White Horse Pike and 198 ft on Main Road.
    (609) 646-3207
    We can help!
    Listing Contact
    Patricia Chiu
    Real Estate License ID: 0451782
    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.

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