Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5151 Nj-42 Washington Township, NJ 08012

    Property Lookup

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

    5151 Nj-42 Washington Township, NJ 08012

    View on Map
    • Retail properties & Spaces
    • 7,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5151 Nj-42

    Year built
    2020
    Property size
    7,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents a newly constructed, 2,550 square foot end-cap space within the expanding Priscilla Towne Center in Washington Township, New Jersey. Located at 5151 NJ-42, near Ganttown Road, this single-story building boasts a total of 7,000 square feet, divided into four suites. Built and renovated in 2020, the space is zoned HC and offers excellent access and visibility. A key feature is the inclusion of convertible windows on two sides, ideal for businesses requiring open-air elements, such as restaurants. The property benefits from new pylon signage, enhancing its prominence. The space is part of a larger development, offering the potential for synergy with neighboring businesses. Situated in Gloucester County, this location provides easy access to major roadways and a thriving community. Furthermore, the possibility of obtaining a liquor license within Washington Township adds significant value to this already attractive offering. The minimum divisible space is 2,550 square feet, with a maximum contiguous space of 2,550 square feet. This presents a unique chance to establish a thriving business in a prime retail location. The zip code is 08012.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washington Township
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0462
    Latitude
    39.7517

    Comparable in this City

    • Value Estimation by Request
      98,080 SF

      5700 Nj-42

      Lifestyle centers • 98,080 SF
      5700 Nj-42, Washington Township, NJ 08012
      View Details
    • Value Estimation by Request
      1,200 SF

      4870 Nj-42

      Specialty properties • 1,200 SF
      4870 Nj-42, Washington Township, NJ 08012
      View Details
    • Value Estimation by Request
      5,500 SF

      3841 Rte

      Retail properties & Spaces • 5,500 SF
      3841 Rte, Washington Township, NJ 08012
      View Details
    • Value Estimation by Request
      3,387 SF

      9 Black Horse Pike

      Restaurants • 3,387 SF
      9 Black Horse Pike, Gloucester Township, NJ 08012
      View Details
    • Value Estimation by Request
      4,875 SF

      5781 Nj-42

      Retail properties & Spaces • 4,875 SF
      5781 Nj-42, Washington Township, NJ 08012
      View Details
    • Value Estimation by Request
      2,006 SF

      4040 Nj-42

      Individual retail properties • 2,006 SF
      4040 Nj-42, Washington Township, NJ 08012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Turnkey Restaurant in Busy Area

      Former BBQ restaurant in a busy retail market area.
      3820 Route 42, Blackwood, NJ 08012
      View Details
    • $599,890

      Prime Retail Opportunity For Sale

      Landmark retail property with development potential in a high-traffic location.
      4040 Route 42, Blackwood, NJ 08012
      View Details
    • $300,000
      Pending

      Blackwood Commercial Building on Black Horse Pike

      Commercial building with high visibility and ample parking in Blackwood.
      717 S Black Horse Pike, Blackwood, NJ 08012
      View Details
    • $499,900
      2,700 SF

      100 Black Horse Pike, Blackwood, NJ 08012

      Mixed-use properties • 2,700 SF
      100 Black Horse Pike, Blackwood, NJ 08012
      View Details
    • $1,849,000
      12,000 SF

      Blackwood NJ Warehouse - 12,000 SF

      Modern warehouse, office space, & ample parking.
      511 Route 168, Blackwood, NJ 08012
      View Details
    • $1,250,000

      Full Floor Office Suites

      Full floor availability with upgraded interior fitout and conference areas.
      900 Route 168 N, Blackwood, NJ 08012
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Washington Township, NJ.
      4991 Nj-42, Washington Township, NJ 08012
      View Details
    • Contact for pricing

      Retail Building Near Hospitals

      Proposed retail building divisible into smaller units.
      198 Fries Mill Rd, Washington Township, NJ 08012
      View Details
    • Contact for pricing
      1,200 SF

      Retail Spaces on Route 42

      Three 1,200 SF retail spaces available for lease.
      4991 Route 42, Blackwood, NJ 08012
      View Details
    • Contact for pricing

      Blackwood Retail Space Available

      Single tenant retail space available for rent in Blackwood.
      3921 Route 42, Blackwood, NJ 08012
      View Details
    • $16 SF/Yr
      2,400 SF

      Retail Center on Route 42

      Retail space available in a neighborhood commercial center.
      5100 Route 42, Blackwood, NJ 08012
      View Details
    • Contact for pricing
      6,417 SF

      Retail Space on Route 42

      Retail space available in Blackwood, high visibility on Route 42.
      5200 Route 42, Blackwood, NJ 08012
      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.
    5151 Nj-42
    Washington Township, NJ 08012
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!