Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1025 N Black Horse Pike Runnemede, NJ 08078

    • Industrial properties
    • 16,408 SF
    • 1.40 lot acres
    For Lease
    View listing
    $2,250 /Mo
    Last Sale
    Jun 01, 2021
    $500,000
    Value Estimations
    $555,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1500279
    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

    • Industrial properties

    Property Details for 1025 N Black Horse Pike

    Year built
    1947
    Lot size
    1.40 lot acres
    Property size
    16,408 SF
    Property type
    Industrial properties
    APN
    30 00029-0000-00001
    APU
    3000029000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $510,000
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $672,000
      Market price range: $482k - $1.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    Runnemede
    County
    Camden
    State
    New Jersey
    Longitude
    -75.077
    Latitude
    39.8586
    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
    $32,711
    $223,200
    $550,100
    $773,300
    -
    $223,200
    $550,100
    $773,300

    Comparable in this City

    • Value Estimation by Request
      68,252 SF

      165 9th Ave

      INDUSTRIAL (GENERAL) • 68,252 SF
      165 9th Ave, Runnemede, NJ 08078-1162
      View Details
    • Value Estimation by Request
      53,728 SF

      190 9th Ave

      INDUSTRIAL (GENERAL) • 53,728 SF
      190 9th Ave, Runnemede, NJ 08078-1171
      View Details
    • Value Estimation by Request
      28,432 SF

      175 9th Ave

      INDUSTRIAL (GENERAL) • 28,432 SF
      175 9th Ave, Runnemede, NJ 08078-1109
      View Details
    • Value Estimation
      $540,000
      7,584 SF

      727 Clements Brg Rd

      INDUSTRIAL (GENERAL) • 7,584 SF
      727 Clements Brg Rd, Runnemede, NJ 08078-1454
      View Details
    • Value Estimation
      $1,135,000
      27,467 SF

      1030 Rose Ave

      INDUSTRIAL (GENERAL) • 27,467 SF
      1030 Rose Ave, Runnemede, NJ 08078-1053
      View Details
    • Value Estimation
      $2,380,000
      29,164 SF

      120 9th Ave

      INDUSTRIAL (GENERAL) • 29,164 SF
      120 9th Ave, Runnemede, NJ 08078-1163
      View Details

    Similar Nearby for Sale

    • $289,000
      2,500 SF

      Runnemede Mixed-Use Commercial Space

      Downtown Runnemede: 2,500 SF, Low Taxes
      102 Clements Bridge Rd, Runnemede, NJ 08078
      View Details
    • $325,000
      1,512 SF

      Runnemede Medical Office For Sale

      Commercial property with on-site parking in a busy area.
      515 N Black Horse Pike, Runnemede, NJ 08078
      View Details
    • $349,000
      2,490 SF

      Runnemede Office Building For Sale

      2,490 SF office building with long-term tenants in Runnemede.
      117 N Black Horse Pike, Runnemede, NJ 08078
      View Details

    Similar Nearby for Lease

    • $2,250 /Mo
      17,087 SF

      Office/Warehouse Space on Black Horse

      Up to 4,150 SF office/warehouse space available for lease.
      1025 N Black Horse Pike, Runnemede, NJ 08078
      View Details
    • Contact for pricing
      18,626 SF

      Runnemede Industrial Flex Space

      Large flex space, ideal for multiple tenants.
      170 9Th Ave, Runnemede, NJ 08078
      View Details
    • Contact for pricing
      58,204 SF

      Industrial Park Near NJ Turnpike

      Light industrial park ideal for distribution and last mile delivery.
      155 E 9Th Ave, Runnemede, NJ 08078
      View Details
    • Contact for pricing
      58,507 SF

      Runnemede Industrial Flex Space

      NJ Turnpike access, flexible space available.
      175 9Th Ave, Runnemede, NJ 08078
      View Details
    • Contact for pricing
      39,881 SF

      Runnemede Industrial Flex Space

      10,813 SF Flex Space Available Now
      160 9Th Ave, Runnemede, NJ 08078
      View Details
    • $2,000 /Mo
      14,810 SF

      Retail Space in M and M Plaza

      Retail space for lease in Runnemede, New Jersey.
      123 B, Runnemede, NJ 08078
      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.
    1025 N Black Horse Pike
    Runnemede, NJ 08078
    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.