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    1227 Berlin Rd Voorhees, NJ 08043

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    1227 Berlin Rd Voorhees, NJ 08043

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    • Retail properties & Spaces
    • 7,000 SF
    • 1.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1227 Berlin Rd

    Year built
    1992
    Lot size
    1.12 lot acres
    Property size
    7,000 SF
    Property type
    Retail properties & Spaces

    Description

    Voorhees Retail Center - High Traffic

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Voorhees
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9487
    Latitude
    39.8203

    Comparable in this City

    • Value Estimation by Request
      19,054 SF

      142 Nj-73

      Individual retail properties • 19,054 SF
      142 Nj-73, Voorhees Township, NJ 08043
      View Details
    • 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

      214 Nj-73

      Day care centers
      214 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      12.35 Acres

      801 Haddonfield Berlin Rd

      Medical Office Space • 12.35 Acres
      801 Haddonfield Berlin Rd, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      7,000 SF

      1227 Haddonfield-Berlin Rd

      Restaurants • 7,000 SF
      1227 Haddonfield-Berlin Rd, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      1,983 SF

      Town Center Blvd

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

    Similar Nearby for Sale

    • 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

      Freestanding Retail Showroom Near Eagle Plaza

      Retail/showroom space adjacent to the bustling Eagle Plaza.
      603 Haddonfield Berlin Rd, Voorhees, NJ 08043
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    • 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
    • $1,850,000

      Retail Shopping Center For Sale

      15,070 SF retail shopping center on Burnt Mill Road.
      219 South Burnt Mill Rd, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Existing Freestanding Retail/Showroom Opportunity

      Freestanding retail/showroom property available for sale.
      603 Haddonfield Berlin Rd, Voorhees, NJ 08043
      View Details
    • $500,000
      1.32 Acres

      Prime Land on Route 73

      1.32 acres of level, cleared land on high-visibility corridor.
      336 Rte, Voorhees, NJ 08043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,600 SF

      Retail Space Available for Lease

      Retail property with lease and build-to-suit opportunities.
      142 New Jersey Rt 73, Voorhees Township, NJ 08043
      View Details
    • $2,000 /Mo
      32,670 SF

      Voorhees Retail/Office Space For Lease

      Newly constructed retail/office space in Voorhees, NJ.
      341 S Burnt Mill Rd, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Retail Shopping Center Space Available

      15,070 SF retail space for immediate occupancy.
      219 South Burnt Mill Rd, 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
    • Contact for pricing

      Voorhees Commercial Unit For Lease

      17,000 SF unit available for lease in Voorhees.
      1224 Haddonfield-Berlin Rd, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing

      Medical Building with On-Site Surgery

      Premier medical building with excellent parking and maintained grounds.
      502 Centennial Blvd, Voorhees, NJ 08043
      View Details
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    1227 Berlin Rd
    Voorhees, 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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