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    848 Nj-73 Berlin Township, NJ 08091

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 848 Nj-73

    Property type
    Retail properties

    Description

    This exceptional 1,200 square foot retail space is ideally located at 848 Route 73, Unit 2, in Berlin Township, New Jersey, zip code 08091. Situated in Townline Plaza at the intersection of Route 73 and Jackson Road, this single-tenant property offers high visibility and easy access. The space is categorized as a store within a single-story building and boasts three convenient parking spaces. The zoning is designated as COMM, making it suitable for a variety of commercial uses. The property is currently available for lease. In addition to the 1,200 square foot space, there is an adjacent 1,250 square foot unit also available. Note that there is a common area maintenance (CAM) charge of $5.30 per square foot. This location provides excellent opportunities for businesses seeking high traffic exposure in a thriving commercial area. The property's versatility allows for a wide range of potential uses, making it an attractive option for entrepreneurs and established businesses alike. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berlin Township
    County
    State
    New Jersey
    Longitude
    -74.9105
    Latitude
    39.7873

    Comparable in this City

    • Value Estimation by Request
      19,031 SF

      260 Nj-73

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    • Value Estimation by Request
      0.87 Acres

      250 Nj-73

      Land • 1 SF
      250 Nj-73, Berlin Township, NJ 08091
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    • Value Estimation by Request
      18,000 SF

      Route 73

      Individual retail properties • 18,000 SF
      0 Route 73, West Berlin, NJ 08091
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    • Value Estimation by Request
      1.86 Acres

      400 Rte 73rd, Unit 440

      RETAIL STORES (PERSONAL SERVICES) • 1.86 Acres
      400 Rte 73rd, West Berlin, NJ 08091-2520
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    • Value Estimation by Request
      3,324 SF

      220 Rte 73

      FINANCIAL BUILDING • 3,324 SF
      220 Rte 73, West Berlin, NJ 08091
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    • Value Estimation
      $280,000
      4,274 SF

      201 Haddon Ave

      GROCERY, SUPERMARKET • 4,274 SF
      201 Haddon Ave, West Berlin, NJ 08091-1658
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    848 Nj-73
    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.

    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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