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    Route 73 West Berlin, NJ 08091
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    Route 73, West Berlin, NJ 08091

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    • Retail properties & Spaces
    • 18,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Route 73

    Property type
    Retail properties & Spaces
    Property subtype
    Storefront properties

    Description

    Berlin Plaza offers a prime retail leasing opportunity in West Berlin, New Jersey, situated on approximately 1.62 acres of land with excellent visibility along Route 73. This single-story, Class B building comprises 18,000 square feet and features eight suites, currently with 14,700 square feet of vacant space available. The minimum leasable space is 1,600 square feet, while the maximum contiguous space available is 6,700 square feet. The property boasts ample parking with 100 spaces available for customers and tenants. Its strategic location on Route 73 includes a traffic signal, enhancing visibility and accessibility. Large pylon signage opportunities are also available, providing excellent branding potential. This retail center benefits from existing strong tenants, including Fat Tomato Italian Restaurant and Osaka Japanese Restaurant, creating a vibrant and established commercial environment. The property is located in Burlington County, New Jersey, with the address being Route 73 South, West Berlin, NJ 08091. There are no elevators in the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Berlin
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9413
    Latitude
    39.8087

    Comparable in this City

    • Value Estimation by Request
      0.87 Acres

      250 Nj-73

      Land
      250 Nj-73, Berlin Township, NJ 08091
      View Details
    • Value Estimation by Request

      848 Nj-73

      Retail properties & Spaces
      848 Nj-73, Berlin Township, NJ 08091
      View Details
    • Value Estimation by Request
      19,031 SF

      260 Nj-73

      Retail properties & Spaces
      260 Nj-73, Berlin Township, NJ 08091
      View Details
    • Value Estimation by Request
      1.86 Acres

      400 Rte 73rd, Unit 440

      RETAIL STORES (PERSONAL SERVICES)
      400 Rte 73rd, West Berlin, NJ 08091-2520
      View Details
    • Value Estimation by Request
      3,324 SF

      220 Rte 73

      FINANCIAL BUILDING
      220 Rte 73, West Berlin, NJ 08091
      View Details
    • Value Estimation by Request
      2,800 SF

      201 Rte 73

      FINANCIAL BUILDING
      201 Rte 73, West Berlin, NJ 08091-2500
      View Details

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      Retail Space Available For Sale

      Retail property with shared parking in Berlin Township, NJ.
      260 New Jersey 73, Berlin Township, NJ 08091
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      952 SF

      Retail/Office Space on Main Highway

      Versatile commercial space with high visibility and ample parking.
      155 Route 73 N, West Berlin, NJ 08091
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      Pending

      West Berlin Warehouse/Office Space

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      0.46 Acres

      Professional Office Space Available Now

      Well-appointed office suite with immediate occupancy in West Berlin.
      125 Route 73 N, West Berlin, NJ 08091
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    • $450,000
      3,500 SF

      Haddon Avenue Commercial Property

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    Similar Nearby for Lease

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      1,600 SF

      Route 73 Retail Opportunity

      Retail space available on Route 73 with high visibility.
      175 Route 73 S, Berlin Township, NJ 08091
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      9,550 SF

      Prime Retail/Automotive Space Available

      Highly visible retail/automotive space with flexible sizing and ample parking.
      300 Route 73 N, West Berlin, NJ 08091
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    • Contact for pricing
      1,800 SF

      Retail Space in Berlin Plaza

      Retail space available in busy Berlin Circle Plaza.
      116 Walker Ave, West Berlin, NJ 08091
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    • $6,000 /Mo

      Prime Retail Space on Route 73

      Highly visible retail space in West Berlin, New Jersey.
      406 Route 73 N, West Berlin, NJ 08091
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      175 Route 73 S, West Berlin, NJ 08091
      View Details
    • Contact for pricing

      West Berlin Flex/Warehouse Space

      10,500 SF flex/warehouse space in well-maintained business park.
      403 Bloomfield Dr, West Berlin, NJ 08091
      View Details
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    West Berlin, NJ 08091
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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.

    More about this property
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