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    701-705 Nj-73 Berlin Township, NJ 08091

    • Office Properties & Spaces
    • 9,000 SF
    • 3.03 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 701-705 Nj-73

    Year built
    1947
    Lot size
    3.03 lot acres
    Property size
    9,000 SF
    Property type
    Office Properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berlin Township
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9165
    Latitude
    39.7915

    Comparable in this City

    • Value Estimation by Request
      6,108 SF

      130-136 Route 73

      Office Properties & Spaces • 6,108 SF
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    • Value Estimation
      $745,000
      9,600 SF

      141 Cooper Rd

      CONDOMINIUM OFFICES • 9,600 SF
      141 Cooper Rd, West Berlin, NJ 08091-9244
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      2,400 SF

      465 Taunton Aveave-108

      CONDOMINIUM OFFICES • 2,400 SF
      465 Taunton Aveave-108, West Berlin, NJ 08091-3840
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    • Value Estimation by Request
      4,788 SF

      125 Rte 73

      OFFICE BUILDING • 4,788 SF
      125 Rte 73, West Berlin, NJ 08091-9225
      View Details
    • Value Estimation
      $985,000
      18,550 SF

      18 Collings Ave

      OFFICE BUILDING • 18,550 SF
      18 Collings Ave, West Berlin, NJ 08091-9134
      View Details
    • Value Estimation by Request
      1,384 SF

      580 Rte 73

      OFFICE BUILDING • 1,384 SF
      580 Rte 73, West Berlin, NJ 08091-9214
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      952 SF

      Retail/Office Space on Main Highway

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    • $995,000
      9,000 SF

      Prime Berlin Twp Office Building

      9,000 SF Office, 6 Suites
      701-705 Nj-73, Berlin Township, NJ 08091
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    • $261,000
      Pending

      West Berlin Flex Space Available

      1,800 sq ft flex space in industrial park.
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    • Contact for pricing
      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
      View Details
    • $995,000
      3.03 Acres

      Route 73 Office Building

      9000 sq ft office building on 3 acres.
      701-715 Route 73 S, West Berlin, NJ 08091
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    • Contact for pricing
      1,035 SF

      Route 73 Office Space

      Second floor office space available on Route 73.
      399 Route 73 N, West Berlin, NJ 08091
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      36,000 SF

      West Berlin Warehouse with Office

      Warehouse with office/lab space available for rent in West Berlin.
      160 Cooper Rd, West Berlin, NJ 08091
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    • $20 SF/Yr

      New Retail Center Near Route 73

      Newly constructed retail center with high visibility and flexible unit sizes.
      84 Haddon Ave, West Berlin, NJ 08091
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    • Contact for pricing
      38,074 SF

      Warehouse and Office Spaces Available

      Three buildings on 3.90 acres with warehouse and office spaces.
      380 Cooper Rd, West Berlin, NJ 08091
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    • Contact for pricing
      16,781 SF

      West Berlin Industrial Property

      Multi-tenant flex space, 16,781 SF
      443 Commerce Ln, Berlin Township, NJ 08091
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    • $1,400 /Mo

      Retail Space in West Berlin

      Commercial space with highway exposure in downtown West Berlin, NJ.
      181 Haddon Ave, West Berlin, NJ 08091
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    • $12 SF/Yr
      11,404 SF

      West Berlin Warehouse with Offices

      6000 SF warehouse with offices and loading dock.
      151 Cooper Rd, West Berlin, NJ 08091
      View Details
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    Berlin Township, 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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