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    1006 Mantua Pike Woodbury Heights, NJ 08097-1221
    Property profile & analytics

    1006 Mantua Pike Woodbury Heights, NJ 08097-1221

    View on Map
    • Commercial real estate
    • 13,221 SF
    • 9.92 lot acres
    Off-Market
    Property ID
    US59-0234789
    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.
    Value Estimations
    $2,560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1006 Mantua Pike

    Year built
    1965
    Construction
    CONCRETE BLOCKS
    Lot size
    9.92 lot acres
    Property size
    13,221 SF
    Zone code
    HC
    Property type
    Commercial real estate
    APN
    23 00040- 05-00010
    APU
    23000400500010

    Description

    College Square, located at 1006 Mantua Pike in Woodbury Heights, New Jersey, presents a prime retail investment opportunity. This single-story, 3,800 square foot commercial building offers multiple tenancy options within a vibrant shopping center. The property is zoned commercial and situated in Gloucester County (zip code 08097). Two suites are available, with a minimum divisible space of 2,600 square feet and a maximum contiguous space of 3,800 square feet. The building's previous use included a bakery and cafe, presenting a potential "turn-key" opportunity for a similar business or adaptable concept. The property boasts ample parking and is well-maintained, reflecting its prime location within a well-established commercial center. This high-traffic location offers excellent visibility and accessibility for businesses seeking a strong foothold in the Woodbury Heights market. The property is ideal for retail or restaurant uses, particularly those in the grocery sector. This is a rare opportunity to acquire a well-positioned retail space in a thriving New Jersey community. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,435,000
      6.5%
      $2,245,000
      7%
      $2,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,659,000
      Market price range: $981k - $2.66M
      AI Estimate
      $2,769,000
      Market price range: $898k - $2.77M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,745,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,915,000
      Change: +10% Conversion: Moderate
      OFFICE BUILDING
      $1,720,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury Heights
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.164
    Latitude
    39.8122
    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
    $570,936
    $3,968,000
    $8,177,000
    $12,145,000
    -
    $3,968,000
    $8,177,000
    $12,145,000

    Comparable in this City

    • Value Estimation
      $555,000
      3.01 Acres

      856 Mantua Pike

      COMMERCIAL (GENERAL) • 3.01 Acres
      856 Mantua Pike, Woodbury Heights, NJ 08097-1133
      View Details
    • Value Estimation by Request
      1.63 Acres

      880 Mantua Pike

      COMMERCIAL (GENERAL) • 1.63 Acres
      880 Mantua Pike, Woodbury Heights, NJ 08097-1145
      View Details
    • Value Estimation by Request
      2,944 SF

      549 Evergreen Ave

      COMMERCIAL (GENERAL) • 2,944 SF
      549 Evergreen Ave, Deptford, NJ 08097-1004
      View Details
    • Value Estimation by Request
      1.55 Acres

      696 Evergreen Ave

      COMMERCIAL (GENERAL) • 1.55 Acres
      696 Evergreen Ave, Woodbury Heights, NJ 08097-1021
      View Details
    • Value Estimation by Request
      0.62 Acres

      371 Glassboro Rd

      COMMERCIAL (GENERAL) • 0.62 Acres
      371 Glassboro Rd, Woodbury Heights, NJ 08097-1026
      View Details
    • Value Estimation by Request
      0.34 Acres

      591 Glassboro Rd

      COMMERCIAL (GENERAL) • 0.34 Acres
      591 Glassboro Rd, Woodbury Heights, NJ 08097
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land in Gloucester County

      Strategically located industrial land with access to major transportation corridors.
      675 S Evergreen Ave, Woodbury Heights, NJ 08097
      View Details
    • $1,950,000

      Renovated Mixed-Use Building For Sale

      Two-story, 12,000 SF mixed-use building with warehouse and office space.
      11 Lincoln Ave, Woodbury Heights, NJ 08097
      View Details
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      Retail Property for Sale

      Retail property available for sale in Woodbury Heights, NJ.
      832 Mantua Pike, Woodbury Heights, NJ 08097
      View Details
    • $75,000
      0.16 Acres

      Residential Lot in Woodbury Heights

      Prime corner lot to build your dream home!
      941 Glassboro Rd, Woodbury Heights, NJ 08097
      View Details
    • Contact for pricing

      Commercial Building Lot For Sale

      Commercial building lot available for sale.
      504 Glassboro Rd, Woodbury Heights, NJ 08097
      View Details
    • Contact for pricing
      Pending

      Commercial Building Lot For Sale

      Commercial building lot available in Woodbury Heights, New Jersey.
      504 Glassboro Rd, Woodbury Heights, NJ 08097
      View Details
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    1006 Mantua Pike
    Woodbury Heights, NJ 08097-1221
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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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