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    Property profile & analytics

    1227 Haddonfield-Berlin Rd Voorhees Township, NJ 08043

    • Lifestyle centers
    • 7,000 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1227 Haddonfield-Berlin Rd

    Year built
    1992
    Lot size
    1.12 lot acres
    Property size
    7,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This 7,000 square foot shopping center, located at 1227 Haddonfield-Berlin Rd in Voorhees Township, New Jersey (zip code 08043), presents a compelling investment opportunity. The single-story, 1992-built property sits on a 1.12-acre lot and features seven individual units, each approximately 1,000 square feet. Currently operating at 85% occupancy, the center boasts a diverse tenant mix including a martial arts academy, hair salon, Pakistani restaurant, and prepared food service businesses. The property offers excellent visibility and signage at the corner of Route 561 and Southgate Drive. Parking is ample with 25 spaces available. The property is zoned B-business. The Net Operating Income (NOI) is $24,700, resulting in a 1.98% cap rate. The asking price is $1,250,000 ($178.57 per square foot). Lease structures vary

    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
    -74.9485
    Latitude
    39.8203

    Comparable in this City

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      6,205 SF

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      10,686 SF

      148 Nj-73

      Lifestyle centers • 10,686 SF
      148 Nj-73, Voorhees Township, NJ 08043
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    • Value Estimation by Request
      227,333 SF

      700 Haddonfield-Berlin Rd

      Shopping centers • 227,333 SF
      700 Haddonfield-Berlin Rd, Voorhees Township, NJ 08043
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    • Value Estimation by Request
      1.60 Acres

      403 Nj-73

      Retail properties • 1.60 Acres
      403 Nj-73, Voorhees Township, NJ 08043
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    • Value Estimation by Request

      214 Nj-73

      Day care centers
      214 Nj-73, Voorhees Township, NJ 08043
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    • Value Estimation by Request
      1,983 SF

      Town Center Blvd

      Retail properties • 1,983 SF
      0 Town Center Blvd, Voorhees Township, NJ 08043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.75 Acres

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      Route 73 Development Opportunity

      30 Acres, Prime Voorhees Location
      214 Nj-73, Voorhees Township, NJ 08043
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    • $1,250,000
      7,000 SF

      hair salon

      and 2 restaurant uses. Minimum 48 hour notice for any showings due to coordination with tenants and business operations.""""}"""
      1227 Berlin Rd, Voorhees, NJ 08043
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      1.60 Acres

      Route 73 Retail Pad Site

      High-traffic Voorhees Township location.
      403-405 Rte 73, Voorhees Township, NJ 08043
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    • $1,850,000
      15,070 SF

      Retail Shopping Center For Sale

      15,070 SF retail shopping center on Burnt Mill Road.
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      Highly Visible Retail Outparcel Space

      Retail space available on Route 73 with high traffic.
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    Similar Nearby for Lease

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      Voorhees Executive Office Suites

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      69,696 SF

      Route 73 Retail Pad Site

      High-traffic location, development opportunity.
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      Voorhees Auto Repair Center

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      21,000 SF

      Voorhees Flex Space - 17,000 SF

      Prime Voorhees location, 17,000 SF available.
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    • $2,000 /Mo
      32,670 SF

      Voorhees Retail/Office Space Available

      Retail or office space for lease in Voorhees, New Jersey.
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      10,002 SF

      Industrial/Flex Space Available For Rent

      5,001 SF industrial/flex space with immediate access to Route 73.
      242 Ter Blvd, Voorhees, NJ 08043
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    Voorhees Township, NJ 08043
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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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