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    Property profile & analytics

    2 Black Horse Pike Oaklyn, NJ 08059

    • Land
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Black Horse Pike

    Property type
    Land

    Description

    This exceptional 0.62-acre commercial land parcel presents a unique investment opportunity in the thriving Oaklyn, New Jersey market. Located at 2 Black Horse Pike, this single-tenant property is zoned C, offering significant potential for a variety of commercial uses. The site's convenient location provides easy access to major transportation routes, ensuring high visibility and accessibility for any business. With a total land area of 0.62 acres, the property offers ample space for development, allowing for flexibility in design and construction. The existing zoning designation allows for a wide range of commercial ventures, making it an attractive option for entrepreneurs and investors alike. The property's strategic location in Camden County, New Jersey, places it within a dynamic and growing commercial landscape. This presents a rare chance to acquire a well-situated commercial lot ready for immediate development or future expansion. The property is currently available for lease, offering a compelling opportunity to establish a strong presence in a desirable location. Serious inquiries are encouraged to explore the possibilities this prime commercial land parcel offers. The address is 2 Black Horse Pike, Mount Ephraim, NJ 08059.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oaklyn
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0946
    Latitude
    39.9011

    Comparable in this City

    • Value Estimation by Request

      620 Black Horse Pike

      COMMERCIAL (GENERAL)
      620 Black Horse Pike, Mount Ephraim, NJ 08059-1344
      View Details
    • Value Estimation by Request

      Black Horse Park

      COMMERCIAL (GENERAL)
      Black Horse Park, Mount Ephraim, NJ 08059
      View Details
    • Value Estimation by Request
      3,514 SF

      100 Black Horse Pike

      COMMERCIAL (GENERAL) • 3,514 SF
      100 Black Horse Pike, Mount Ephraim, NJ 08059-2026
      View Details
    • Value Estimation
      $810,000
      2,655 SF

      521 Kings Hwy

      COMMERCIAL (GENERAL) • 2,655 SF
      521 Kings Hwy, Mount Ephraim, NJ 08059-1548
      View Details
    • Value Estimation by Request
      4,140 SF

      301 Black Horse Pike

      COMMERCIAL (GENERAL) • 4,140 SF
      301 Black Horse Pike, Mount Ephraim, NJ 08059-1314
      View Details
    • Value Estimation by Request
      1,481 SF

      209 Black Horse Pike

      COMMERCIAL (GENERAL) • 1,481 SF
      209 Black Horse Pike, Mount Ephraim, NJ 08059-2124
      View Details

    Similar Nearby for Sale

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      High Visibility Corner Lot

      Commercial land with high visibility in a densely populated area.
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      4,825 SF

      Retail/Medical Space in Haddon

      4,825 SF property ideal for medical, auto, or showroom.
      800-802 Black Horse Pike, West Collingswood Heights, NJ 08059
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      Retail Space Available For Sale

      Retail space with dedicated entrance and shared parking.
      114 Black Horse Pike, Mount Ephraim, NJ 08059
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    Similar Nearby for Lease

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      27,007 SF

      Prime Oaklyn Commercial Land

      0.62-acre lot, C-zoned, ideal for development
      2 Black Horse Pike, Oaklyn, NJ 08059
      View Details
    • Contact for pricing

      Upgraded Retail or Professional Space

      First floor retail/professional space with modern amenities and convenient location.
      9 Nicholson Rd, Mount Ephraim, NJ 08059
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    • $1,795 /Mo

      Prime Retail Space on Black

      Commercial building on Black Horse Pike with build-out allowance.
      100 Black Horse, Mount Ephraim, NJ 08059
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    • New
      $750 /Mo
      2,614 SF

      Haddon Township Retail/Office Space

      Upgraded retail or professional space near transportation and shopping.
      9 Nicholson Rd, Haddon Township, NJ 08059
      View Details
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    2 Black Horse Pike
    Oaklyn, NJ 08059
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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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