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

    111 Rte 73 Voorhees, NJ 08043-9573

    • Commercial real estate
    • 15,086 SF
    • 2.33 lot acres
    OFF-MARKET
    Value Estimations
    $2,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0075916
    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 111 Rte 73

    Year built
    1960
    Lot size
    2.33 lot acres
    Property size
    15,086 SF
    Zone code
    MB
    Property type
    Commercial real estate
    APN
    34 00227- 01-00041
    APU
    34002270100041

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,630,000
      6.5%
      $2,430,000
      7%
      $2,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,218,000
      Market price range: $834k - $3.38M
      AI Estimate
      $1,675,000
      Market price range: $369k - $1.87M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,105,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,540,000
      Change: +21% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Voorhees
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9277
    Latitude
    39.8308
    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
    $103,450
    $1,348,500
    $1,151,500
    $2,500,000
    -
    $1,348,500
    $1,151,500
    $2,500,000

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      403 Nj-73

      Retail properties • 1.60 Acres
      403 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request
      1.00 Acre

      88 Nj-73

      Land • 1.00 Acre
      88 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Value Estimation by Request

      8 Dutchtown Rd

      COMMERCIAL (GENERAL)
      8 Dutchtown Rd, Voorhees, NJ 08043-9529
      View Details
    • Value Estimation by Request

      127 Rte 73

      COMMERCIAL (GENERAL)
      127 Rte 73, Voorhees, NJ 08043-9526
      View Details
    • Value Estimation by Request

      339 Rte 73

      COMMERCIAL (GENERAL)
      339 Rte 73, Voorhees, NJ 08043-9525
      View Details
    • Value Estimation
      $6,740,000
      83,129 SF

      612 Haddonfield Berlin Rd

      COMMERCIAL (GENERAL) • 83,129 SF
      612 Haddonfield Berlin Rd, Voorhees, NJ 08043-1417
      View Details

    Similar Nearby for Sale

    • 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
    • $190,000
      1.10 Acres

      Voorhees Town Center Land - $190K

      Prime 1.1-acre commercial lot near Voorhees Town Center.
      804-808 Burnt Ml Rd, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing
      1.00 Acre

      Route 73 Commercial Land Opportunity

      Prime Voorhees Township development land.
      88 Nj-73, Voorhees Township, NJ 08043
      View Details
    • $849,900
      0.67 Acres

      Voorhees Township Commercial Land

      Prime 0.67-acre Route 73 site.
      160 Nj-73, Voorhees Township, 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
    • New
      $500,000
      1.32 Acres

      Prime Land on Route 73

      1.32 acres of level, cleared land on high-visibility corridor.
      336 Rte, Voorhees, NJ 08043
      View Details

    Similar Nearby for Lease

    • 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
      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
      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
      69,696 SF

      Route 73 Retail Pad Site

      High-traffic location, development opportunity.
      403 Nj-73, Voorhees Township, NJ 08043
      View Details
    • Contact for pricing

      Route 73 Commercial Land for Lease

      1.95 Acres, Voorhees Township, NJ
      88 Nj-73, Voorhees Township, NJ 08043
      View Details
    • $12 SF/Yr
      15,426 SF

      Voorhees Office Space for Rent

      Office units available near PATCO Ashland Station.
      214 Cherry Ave, Voorhees, 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.
    111 Rte 73
    Voorhees, NJ 08043-9573
    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.