Showroom and Warehouse
For Sale
$1,399,000
575 WHITE HORSE PIKE, Hammonton, NJ 08037
A showroom and warehouse with two tailgate loading docks and 300-foot frontage on a major roadway.
Property Size10,696 SF
Lot Size3.20 Acres
Price / SF$130.80
Days on Market180
Property Features for 575 WHITE HORSE PIKE
General Information
Standard status
Active
Size
10,696 SF
Lot size
3.20 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Dock-High Doors
2
Taxes and HOA fees
Annual Taxes
$17,896
Amenities
handicap accessible
meticulously landscaped
private office
conference room
workshop
bathroom with stall shower
tile floors
ornate detailed molding
Central Air
3
Tile, Carpet
Shingle
Parking. Corner Lot.
Handicap Parking, Lot.
0.00 x 0.00
Corner.
Building Details
Year Built
2009
Listing Agency:
RE/MAX Community-Williamstown
(609) 352-9476
Listed By:
Richard Mauriello
(609) 352-9476
Source:
Xome
Added: Feb 10
Changed: Aug 7
Last Checked: Aug 9 at 5:23AM
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 RE/MAX Community-Williamstown
Investment Insights
Based on property information with market context.
This well-maintained commercial building offers a large showroom along with approximately 5,000 sq. ft. of warehouse/shop space. The warehouse includes two tailgate loading docks and overhead door access, and there is a workshop area with an overhead door as well. The showroom features a private office and polished finishes, including tile floors and detailed molding.
Additional space includes second-floor private offices, one with a conference room area, plus a bathroom with a stall shower. The property provides plenty of parking, is handicap accessible, and sits on 3.2 acres. Frontage measures 300 feet on a major roadway.
The building totals approximately 10,696 sq. ft., with the showroom and warehouse configurations supporting showroom-based operations alongside light warehouse/shop use.
Additional space includes second-floor private offices, one with a conference room area, plus a bathroom with a stall shower. The property provides plenty of parking, is handicap accessible, and sits on 3.2 acres. Frontage measures 300 feet on a major roadway.
The building totals approximately 10,696 sq. ft., with the showroom and warehouse configurations supporting showroom-based operations alongside light warehouse/shop use.
Key Highlights
- Commercial building on White Horse Pike in Hammonton at the corner of Route 30 and Oak Avenue.
- Showroom and warehouse totaling about 10,000 sq. ft.: approx. 5,000 sq. ft. showroom and 5,000 sq. ft. warehouse/shop.
- Two tailgate loading docks plus multiple overhead doors for loading and shop space.
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
$116,383
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
8.32%
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%
$2,327,660
$2.3M
Cap Rate 7%
$1,662,614
$1.7M
Cap Rate 9%
$1,293,144
$1.3M
Market Conditions
NOI Build-Up for 10,696 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
$192.5K $18.00/SF
− Vacancy
−$13.5K −$1.26/SF
EGI
$179.1K $16.74/SF
− OpEx
−$62.7K −$5.86/SF
NOI
$116.4K $10.88/SF
Area
Atlantic County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,327,660
Cap Rate 7%
$1,662,614
Cap Rate 9%
$1,293,144
Alternative Uses
Best Use
Warehouse
$3.98M
$3.49M – $4.65M
NOI $278,818 @ 7.0% cap · market cap 19.93%
Second Best
Industrial
$3.28M
$2.87M – $3.83M
NOI $229,615 @ 7.0% cap · market cap 16.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
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 Industrial 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?
Flex space - A showroom and warehouse with two tailgate loading docks and 300-foot frontage on a major roadway.
Where is this flex space located?
The property is located at 575 WHITE HORSE PIKE Hammonton, NJ.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Commercial building on White Horse Pike in Hammonton at the corner of Route 30 and Oak Avenue.; Showroom and warehouse totaling about 10,000 sq. ft.: approx. 5,000 sq. ft. showroom and 5,000 sq. ft. warehouse/shop.; Two tailgate loading docks plus multiple overhead doors for loading and shop space.
