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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    132 Nj-73 Voorhees Township, NJ 08043

    • Mixed-use properties
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 132 Nj-73

    Lot size
    0.50 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional mixed-use development in Berlin, New Jersey, presents a rare opportunity to acquire prime retail pad sites. Located on the bustling Route 73, boasting an impressive 30,000 vehicles per day, this location guarantees high visibility and significant foot traffic. The property offers a range of pad sizes, from 0.5 to 3.5 acres, providing flexibility for various retail concepts. The development is anchored by a new 258-unit apartment complex, ensuring a built-in customer base with above-average household incomes within a 1, 3, and 5-mile radius. Ideal uses include, but are not limited to, fast food restaurants, quick-service restaurants (QSR), car washes, auto repair and parts stores, and convenience stores. This strategic location in Voorhees Township, Burlington County, offers unparalleled access to a thriving community. The property's address is 132 NJ-73, Berlin (Voorhees Township), NJ 08043. This is a unique opportunity to establish a successful business in a high-demand area with strong demographics and exceptional visibility. The property is available for sale or lease. Contact us today to learn more about this exciting investment opportunity.

    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
    Burlington
    State
    New Jersey
    Longitude
    -74.927
    Latitude
    39.7975

    Comparable in this City

    • Value Estimation by Request

      132 Nj-73

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      214 Nj-73

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      12.35 Acres

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      0.67 Acres

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      Land • 0.67 Acres
      160 Nj-73, Voorhees Township, NJ 08043
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    • Value Estimation by Request
      1.10 Acres

      804-808 Burnt Mill Rd

      Land • 1.10 Acres
      804-808 Burnt Mill Rd, Voorhees Township, NJ 08043
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    • Value Estimation by Request
      3.00 Acres

      710 Centennial Blvd

      Land • 3.00 Acres
      710 Centennial Blvd, Voorhees Township, NJ 08043
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    Similar Nearby for Sale

    • Contact for pricing

      Route 73 Development Opportunity

      30 Acres, Prime Voorhees Location
      214 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 Rte, Voorhees, NJ 08043
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    • $190,000
      1.10 Acres

      Voorhees Town Center Land - $190K

      Prime 1.1-acre commercial lot near Voorhees Town Center.
      804-808 Burnt Ml Rd, Voorhees Township, NJ 08043
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    • Contact for pricing
      1.00 Acre

      Route 73 Commercial Land Opportunity

      Prime Voorhees Township development land.
      88 Nj-73, Voorhees Township, NJ 08043
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    • $849,900
      0.67 Acres

      Voorhees Township Commercial Land

      Prime 0.67-acre Route 73 site.
      160 Nj-73, Voorhees Township, NJ 08043
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    Similar Nearby for Lease

    • $2,000 /Mo
      32,670 SF

      Voorhees Retail/Office Space Available

      Retail or office space for lease in Voorhees, New Jersey.
      341 S Burnt Mill Rd, Voorhees, NJ 08043
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      Route 73 Commercial Land for Lease

      1.95 Acres, Voorhees Township, NJ
      88 Nj-73, Voorhees Township, NJ 08043
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      21,000 SF

      Voorhees Flex Space - 17,000 SF

      Prime Voorhees location, 17,000 SF available.
      1224 Haddonfield-Berlin Rd, Gibbsboro, NJ 08043
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    • Contact for pricing
      69,696 SF

      Route 73 Retail Pad Site

      High-traffic location, development opportunity.
      403 Nj-73, Voorhees Township, NJ 08043
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    • $16 SF/Yr
      15,070 SF

      Voorhees Executive Office Suites

      Camden County retail/office space available.
      219 Burnt Ml Rd, Voorhees Township, NJ 08043
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    • $10 SF/Yr
      7,700 SF

      Voorhees Auto Repair Center

      7,700 SF Single-Tenant Retail Space
      104 Somerdale Rd, Voorhees Township, NJ 08043
      View Details
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    132 Nj-73
    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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