Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Market St Palmyra, NJ 08065-1026
    Back to Search
    Property profile & analytics

    115 Market St, Palmyra, NJ 08065-1026

    View on Map
    • Commercial real estate
    • 0.14 lot acres
    Off-Market
    Last Sale Dec 19, 2022
    Property ID
    US59-1259214
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adams Auto Body / Auto Repair Shop

    Property Details for 115 Market St

    Year built
    1957
    Construction
    CONCRETE BLOCKS
    Lot size
    0.14 lot acres
    Property type
    Commercial real estate
    APN
    27 00130-0000-00003
    APU
    2700130000000003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 19, 2022 — Jeffrey Adams Don Lapinson Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Burlington
    State
    New Jersey
    Longitude
    -75.0342
    Latitude
    40.0032
    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
    $5,936
    $44,000
    $99,600
    $143,600
    -
    $44,000
    $99,600
    $143,600

    Comparable in this City

    • Value Estimation by Request
      0.59 Acres

      816 Cinnaminson Ave

      COMMERCIAL (GENERAL)
      816 Cinnaminson Ave, Palmyra, NJ 08065-2516
      View Details
    • Value Estimation by Request
      0.04 Acres

      531-533 Cinnaminson Ave, Unit 533

      COMMERCIAL (GENERAL)
      531-533 Cinnaminson Ave, Palmyra, NJ 08065-1610
      View Details
    • Value Estimation by Request
      0.18 Acres

      Jefferson St

      COMMERCIAL (GENERAL)
      Jefferson St, Palmyra, NJ 08065
      View Details
    • Value Estimation by Request
      3,792 SF

      410 Market St

      COMMERCIAL (GENERAL)
      410 Market St, Palmyra, NJ 08065-2449
      View Details
    • Value Estimation by Request
      0.39 Acres

      711 Public Rd

      COMMERCIAL (GENERAL)
      711 Public Rd, Palmyra, NJ 08065-1717
      View Details
    • Value Estimation by Request
      0.46 Acres

      105 Rte 73rd S

      COMMERCIAL (GENERAL)
      105 Rte 73rd S, Palmyra, NJ 08065-1040
      View Details

    Similar Nearby for Sale

    • $650,000

      Remodeled Corner Lot Commercial Unit

      Recently remodeled commercial unit with high ceilings and ample parking.
      13 Market St, Palmyra, NJ 08065
      View Details
    • Contact for pricing
      1,000 SF

      Renovated Auto-Repair Shop For Sale

      Former auto-repair shop with recent renovations and ample parking.
      526 Cinnaminson Ave, Palmyra, NJ 08065
      View Details
    • $219,000

      Versatile Commercial Building in Palmyra

      High-visibility commercial building with retail infrastructure in Palmyra, NJ.
      427 W Broad St, Palmyra, NJ 08065
      View Details
    • $549,000
      Pending

      Multifamily Property Near Palmyra High

      Four-unit multifamily property with one vacant unit near local amenities.
      420 Cinnaminson Ave, Palmyra, NJ 08065
      View Details

    Similar Nearby for Lease

    • $850 /Mo
      9,997 SF

      Office Space For Lease

      Commercial space available for lease in Palmyra, New Jersey.
      317 E Broad St, Palmyra, NJ 08065
      View Details
    • Contact for pricing

      Industrial Building Near Tacony-Palmyra Bridge

      7,290 SF industrial building ideal for contractors and manufacturers.
      315 Market St, Palmyra, NJ 08065
      View Details
    • Contact for pricing

      Palmyra Warehouse Space for Lease

      Industrial space ideal for contractors, service companies, and light manufacturers.
      619 Madison St, Palmyra, NJ 08065
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Tacony Palmyra

      Retail space with high traffic and pylon signage opportunity.
      100 New Jersey 73, Palmyra, NJ 08065
      View Details
    • Contact for pricing

      Industrial Space Near Tacony-Palmyra Bridge

      Industrial space for lease near the Tacony-Palmyra Bridge.
      619 Madison St, Palmyra, NJ 08065
      View Details
    • Contact for pricing

      Palmyra Industrial Space For Rent

      5,100 SF former machine shop with crane served bays.
      618 W 5Th St, Palmyra, NJ 08065
      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.
    115 Market St
    Palmyra, NJ 08065-1026
    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

    Thank You for Inquiry
    115 Market St, Palmyra, NJ, 08065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!