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

    103 American Way Voorhees, NJ 08043-1112

    • Industrial properties
    • 5,888 SF
    • 1.35 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1358178
    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

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Clothing Store / Corporate Campus
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 103 American Way

    Year built
    1957
    Construction
    CONCRETE BLOCKS
    Lot size
    1.35 lot acres
    Property size
    5,888 SF
    Zone code
    EIB
    Property type
    Industrial properties
    APN
    34 00039-0000-00008
    APU
    3400039000000008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Voorhees
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0089
    Latitude
    39.8514
    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
    $10,477
    $242,500
    $10,700
    $253,200
    -
    $242,500
    $10,700
    $253,200

    Comparable in this City

    • Value Estimation
      $1,430,000
      9,744 SF

      1222 Haddonfield Berlin Rd

      INDUSTRIAL (GENERAL) • 9,744 SF
      1222 Haddonfield Berlin Rd, Voorhees, NJ 08043
      View Details
    • Value Estimation
      $680,000
      16,340 SF

      253 American Way

      INDUSTRIAL (GENERAL) • 16,340 SF
      253 American Way, Voorhees, NJ 08043-1114
      View Details
    • Value Estimation by Request
      792 SF

      13 Golf Vw Dr

      INDUSTRIAL (GENERAL) • 792 SF
      13 Golf Vw Dr, Voorhees, NJ 08043
      View Details
    • Value Estimation by Request
      10,002 SF

      242 Terrace Blvd

      Flex space • 10,002 SF
      242 Terrace Blvd, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      8,196 SF

      210 Cherry St

      INDUSTRIAL (GENERAL) • 8,196 SF
      210 Cherry St, Voorhees, NJ 08043-1109
      View Details
    • Value Estimation by Request
      21,000 SF

      1224 Haddonfield-Berlin Rd

      Distribution properties • 21,000 SF
      1224 Haddonfield-Berlin Rd, Gibbsboro, NJ 08043
      View Details

    Similar Nearby for Sale

    • $1,499,900
      11,600 SF

      Voorhees Industrial/Manufacturing Opportunity

      Industrial/Manufacturing property in Voorhees, NJ with convenient highway access.
      1200 Haddonfield Berlin Rd, Voorhees, NJ 08043
      View Details
    • $3,495,000
      6.84 Acres

      Voorhees Commercial Land Opportunity

      6.85 acres for lease/sale, potential for 100,000 SF warehouse.
      600 Centennial Blvd, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      0.87 Acres

      High-Traffic Voorhees Corner Lot

      Prime 0.87-Acre Site, Build-to-Suit
      1705 Burnt Mill Rd, Voorhees, NJ 08043
      View Details
    • $779,900

      Prime Retail/Office Land Available

      Retail/office land in a thriving shopping center on Route 73.
      160 Site 2B, Voorhees, NJ 08043
      View Details
    • $225,000
      931 SF

      Voorhees Office Building - Great Location!

      Prime Voorhees office, high traffic area, 931 sq ft.
      606 Burnt Mill Rd, Voorhees, NJ 08043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,002 SF

      Industrial/Flex Space Available For Rent

      5,001 SF industrial/flex space with immediate access to Route 73.
      242 Ter Blvd, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      21,000 SF

      Voorhees Flex Space - 17,000 SF

      Prime Voorhees location, 17,000 SF available.
      1224 Haddonfield-Berlin Rd, Gibbsboro, NJ 08043
      View Details
    • Contact for pricing
      10,002 SF

      Voorhees Township Flex Space Available

      Modern 10,002 SF Flex Condo Building
      242 Ter Blvd, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing
      48,027 SF

      Medical Building with On-Site Surgery

      Premier medical building with excellent parking and maintained grounds.
      502 Centennial Blvd, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      3,567 SF

      Voorhees Medical Office Space

      Prime Medical Office Suites in Voorhees, NJ
      200 Bowman Dr, Voorhees Township, NJ 08043
      View Details
    • $16 SF/Yr
      15,070 SF

      Voorhees Executive Office Suites

      Camden County retail/office space available.
      219 Burnt Ml Rd, Voorhees Township, NJ 08043
      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.
    103 American Way
    Voorhees, NJ 08043-1112
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.