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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    116 Mt Holly Ave Mount Holly, NJ 08060-2075

    • Residential income homes
    • 2,275 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0567187
    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

    • Residential income homes

    Property Details for 116 Mt Holly Ave

    Year built
    1850
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    2,275 SF
    Zone code
    R3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    23 00055-0000-00017
    APU
    2300055000000017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $276,000
      Market price range: $186k - $333k
      AI Estimate
      $299,000
      Market price range: $225k - $351k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $270,000
      Current use
      OFFICE BUILDING
      $420,000
      Change: +58% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $280,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Holly
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.7838
    Latitude
    39.9979
    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
    $5,793
    $58,500
    $120,400
    $178,900
    -
    $58,500
    $120,400
    $178,900

    Comparable in this City

    • Value Estimation
      $200,000
      1,936 SF

      129 Ss Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,936 SF
      129 Ss Ave, Mount Holly, NJ 08060-2065
      View Details
    • Value Estimation
      $240,000
      3,783 SF

      7 Madison Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,783 SF
      7 Madison Ave, Mount Holly, NJ 08060-2033
      View Details
    • Value Estimation
      $205,000
      2,077 SF

      45 Pne St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,077 SF
      45 Pne St, Mount Holly, NJ 08060-2135
      View Details
    • Value Estimation
      $260,000
      1,696 SF

      244 Rutland Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,696 SF
      244 Rutland Ave, Mount Holly, NJ 08060-1324
      View Details
    • Value Estimation
      $235,000
      2,408 SF

      93 Washington St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,408 SF
      93 Washington St, Mount Holly, NJ 08060-1712
      View Details
    • Value Estimation
      $275,000
      1,642 SF

      117 Cherry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,642 SF
      117 Cherry St, Mount Holly, NJ 08060-1819
      View Details

    Similar Nearby for Sale

    • $450,000

      Mixed-Use Building in Downtown

      Partially renovated mixed-use building with office and apartment potential.
      129--131 High St, Mount Holly, NJ 08060
      View Details
    • $499,000
      Pending

      Remodeled Multifamily Home in Mount Holly

      Remodeled multifamily home with income potential in a desirable location.
      29 Grant St, Mount Holly, NJ 08060
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    • $250,000
      1,843 SF

      Mixed-Use Duplex Near Downtown

      Mixed-use duplex with immediate rental income near downtown Mount Holly.
      131 Rancocas Rd, Mount Holly, NJ 08060
      View Details
    • New
      $399,000
      0.01 Acres

      Mount Holly Multifamily Property

      Multifamily property for sale in Mount Holly, New Jersey.
      39-41 Mill St, Mount Holly, NJ 08060
      View Details
    • New
      $499,900
      Pending

      Mount Holly Mixed-Use Investment

      Fully leased mixed-use building in Mount Holly's business district.
      4 Mill St, Mount Holly, NJ 08060
      View Details
    • $500,000

      Mixed-Use Building Investment Opportunity

      Mixed-use 10-unit building with potential for office and residential income.
      129 High St, Mount Holly, NJ 08060
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Mt Holly Apartment For Rent

      Two-bedroom apartment near downtown Mt Holly, water and sewer included.
      141 High St St, Mount Holly, NJ 08060
      View Details
    • $3,995 /Mo

      Medical/Professional Office Space Available

      Two-story office suite near Virtua Hospital, suitable for medical/professional use.
      120 Madison Ave, Mount Holly, NJ 08060
      View Details
    • Contact for pricing
      115,500 SF

      Class 'A' Warehouse Distribution Facility

      Planned 115,500 SF Class 'A' warehouse on Route 206.
      2554 Route 206, Mount Holly, NJ 08060
      View Details
    • Contact for pricing
      55,949 SF

      Westampton Warehouse / Flex Space

      13,040 SF warehouse/flex unit near NJ Turnpike.
      122 Burrs Rd, Mount Holly, NJ 08060
      View Details
    • Contact for pricing
      1 SF

      Woodlane Rd & Smithville Rd

      Individual retail properties • 1 SF
      0 Woodlane Rd & Smithville Rd, Mount Holly, NJ 08060
      View Details
    • Contact for pricing
      10,360 SF

      Mount Holly Industrial Suites Available

      Move-in-ready industrial suites in Mount Holly, New Jersey.
      10 Eagle Ave, Mount Holly, NJ 08060
      View Details
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    116 Mt Holly Ave
    Mount Holly, NJ 08060-2075
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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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