443 Commerce Ln Berlin Township, NJ 08091
- Warehouses
- 16,564 SF
- 1.05 lot acres
Current Use by Public Records
- Warehouses
Property Details for 443 Commerce Ln
- Year built
- 1988
- Lot size
- 1.05 lot acres
- Property size
- 16,564 SF
- Zone code
- C2
- Property type
- Warehouses
- APN
- 06 01201-0000-00011
- APU
- 601201000000011
Description
This exceptional 16,781-square-foot industrial property in West Berlin, New Jersey, presents a compelling investment opportunity. Situated on 1.05 acres, this single-story, Class B building boasts three separate suites, offering flexibility for various business needs. Currently, 6,661 square feet are available for lease. Built in 1988 and featuring a recently replaced roof (2021, 20-year warranty), the property benefits from a 14-foot ceiling height, three drive-in doors, and approximately 165 feet of frontage. Each unit includes dedicated loading capabilities, office space, and private restrooms. The property's strategic location offers excellent accessibility, with immediate proximity to major transportation arteries including NJ Route 73, US Route 30 (1.4 miles), NJ Route 70 (6.4 miles), the NJ Turnpike (9.6 miles), and I-295 (10 miles). Its transit-oriented location also places it near numerous national retailers such as Walmart, Home Depot, and ShopRite. The property is zoned I - Industrial and its APN is 06-01201-0000-00011, located in Camden County. This versatile property is ideal for manufacturing, distribution, warehousing, or flex-space users seeking a well-maintained facility in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $840,000
- 6.5%
- $805,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $945,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $850,000
- Retail
- $930,000
- Mixed-Use
- $800,000
- Hospitality
- $705,000
- Educational
- $805,000
- Residential Income
- $910,000
- Energy
- $725,000
- Income-Based Land
- $930,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- West Berlin
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9234
- Latitude
- 39.8105
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA