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    216 White Horse Pike Clementon, NJ 08021

    • Commercial real estate
    • 0.25 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Mar 17, 2023
    $210,000
    Location Intelligence
    Property ID
    US59-3063679
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 216 White Horse Pike

    Lot size
    0.25 lot acres
    Property type
    Commercial real estate
    APN
    11 00075-0000-00022
    APU
    1100075000000022

    Description

    This exceptional mixed-use property, located at 216 White Horse Pike in Clementon, NJ 08021, presents a unique investment opportunity. The 5,200 square foot building, constructed in 1960 and completely renovated in 2024, boasts a versatile layout ideal for a variety of commercial and residential uses. Currently configured with a fully renovated three-bedroom apartment and attached commercial/office space, the property offers significant rental income potential. The 3,800 square foot commercial space is available for lease. The building sits on a 0.26-acre lot and features eight parking spaces, a significant advantage given its Highway Commercial (HC) zoning. This zoning allows for a wide range of business types to thrive, capitalizing on the high volume of vehicular and pedestrian traffic on White Horse Pike. The property's prime location provides excellent visibility and convenient access to major highways, shopping centers, and local amenities. This two-story building offers a blend of residential and commercial space, making it an attractive option for both investors and business owners. The combination of a strong location, recent renovations, and flexible zoning makes this a rare opportunity in Southern New Jersey's thriving market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $265,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $280,000
      Mixed-Use
      $290,000
      Hospitality
      $310,000
      Educational
      $235,000
      Residential Income
      $255,000
      Energy
      $240,000
      Income-Based Land
      $280,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Clementon
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9772
    Latitude
    39.8085
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,398
    $41,100
    $151,600
    $192,700
    -
    $41,100
    $151,600
    $192,700

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    Clementon, NJ 08021
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    Realmo Value Estimation

    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.

    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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