Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    214 Nj-73 Voorhees Township, NJ 08043
    Back to Search
    Property profile & analytics

    214 Nj-73, Voorhees Township, NJ 08043

    View on Map
    • Day care centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 214 Nj-73

    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 30-acre parcel presents a significant redevelopment opportunity in Voorhees Township, New Jersey. Located at 214 NJ-73, this property boasts a highly visible location directly off Route 73, providing easy access to Routes 70 and 30. The O-3 zoning allows for a variety of uses, making it ideal for retail and/or medical facilities. The site's strategic position offers excellent visibility and convenient access for potential tenants and customers. Its proximity to Virtua Voorhees Hospital and major national retailers further enhances its appeal and potential for high occupancy rates. Infrastructure is readily available, with water and sewer tie-ins nearby, and gas and electricity services already in place. This property is offered for sale and presents a compelling investment opportunity for owner-occupiers or investors seeking a prime location for redevelopment in a thriving New Jersey market. The address is 214 NJ-73, Voorhees Township, Camden County, NJ 08043. The property is suitable for a bank, daycare/nursery, or restaurant, among other possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Voorhees Township
    County
    Camden
    State
    New Jersey
    Longitude
    -74.921
    Latitude
    39.8457

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      403-405 Route 73

      Day care centers
      403-405 Route 73, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      10,686 SF

      148 Nj-73

      Lifestyle centers
      148 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request

      421 Nj-73

      Restaurants
      421 Nj-73, Berlin, NJ 08043
      View Details
    • Value Estimation by Request
      7,000 SF

      1227 Haddonfield-Berlin Rd

      Restaurants
      1227 Haddonfield-Berlin Rd, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      6,205 SF

      156 Nj-73

      Lifestyle centers
      156 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request

      132 Nj-73

      Individual retail properties
      132 Nj-73, Voorhees Township, NJ 08043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,460 SF

      Voorhees Retail/Industrial/Office Space

      Freestanding building with high visibility on heavily trafficked road.
      332 S Burnt Mill Rd, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      0.75 Acres

      Voorhees Retail Space: Prime Corner Location

      High-traffic retail space, new construction, flexible use.
      341 Burnt Mill Rd, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      0.06 Acres

      Land in Voorhees Township

      Located on a quiet street adjacent to Kirkwood Park.
      1413 Locust Ave, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      88 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing

      Land Available on Route 73

      Land for lease with high traffic and development potential.
      403 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing

      Highly Visible Retail Outparcel Space

      Retail space available on Route 73 with high traffic.
      142 Route 73, Voorhees, NJ 08043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Retail Space For Lease

      Retail space available for lease or build-to-suit.
      154 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing

      Route 73 Commercial Land for Lease

      1.95 Acres, Voorhees Township, NJ
      88 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space For Lease

      Retail space available for lease or build-to-suit opportunity.
      154 Nj 73, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing
      1,967 SF

      Retail Space in Town Center

      Retail space available within a large mixed-use development.
      10000 Town Center Blvd, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing
      2,040 SF

      Retail/Office Space on High-Traffic Route

      Retail or office space in a high-visibility neighborhood center.
      1201 County Rte 561, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      1,040 SF

      Voorhees Township Retail Space

      Retail space available for lease in Voorhees Township, NJ.
      1100 County Rte 561, Voorhees Township, NJ 08043
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    214 Nj-73
    Voorhees Township, NJ 08043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    214 Nj-73, Voorhees Township, NJ, 08043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!