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

    1203 Hornberger Ave Florence, NJ 08554

    • Commercial real estate
    • 0.40 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1777383
    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

    • Kalman's Bakery / Bakery / Specialty Food Shop
    • Layers of Love / Bakery / Specialty Food Shop

    Property Details for 1203 Hornberger Ave

    Lot size
    0.40 lot acres
    Property type
    Commercial real estate
    APN
    15 00142-0000-00006- 02
    APU
    150014200000000602

    Description

    This attractive 1,000-square-foot commercial space is available for lease in Florence Township's Roebling submarket, located at 1203 Hornberger Ave, Florence, NJ 08554, near Rivers Bank Drive. Situated in a commercially zoned area of Burlington County, this single-tenant space within a 6,000-square-foot building constructed in 1958, is ideal for a variety of retail or office uses. Its convenient location next to an established pet store and groomer offers excellent visibility and potential for synergy. A significant advantage is the inclusion of a directly accessible basement storage area, providing valuable extra space for business operations. The lease is all-inclusive, covering utilities, water/sewer, snow removal, and real estate taxes, simplifying budgeting and management. The space will be delivered vacant, although the possibility of utilizing existing equipment can be discussed with the property owner. This presents a unique opportunity to establish your business in the thriving community of Florence Township. The property is categorized as Traditional Office within a larger building offering Retail and Office space.

    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
    Roebling
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.7862
    Latitude
    40.1161
    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
    2023
    $11,873
    $145,600
    $299,400
    $445,000
    -
    $145,600
    $299,400
    $445,000

    Comparable in this City

    • Value Estimation by Request
      768 SF

      691 Delaware Ave

      COMMERCIAL (GENERAL) • 768 SF
      691 Delaware Ave, Roebling, NJ 08554-2001
      View Details
    • Value Estimation by Request
      3,388 SF

      1001 Hornberger Ave

      COMMERCIAL (GENERAL) • 3,388 SF
      1001 Hornberger Ave, Roebling, NJ 08554-1819
      View Details
    • Value Estimation by Request
      0.05 Acres

      1520 Hornberger Ave

      COMMERCIAL (GENERAL) • 0.05 Acres
      1520 Hornberger Ave, Roebling, NJ 08554-1108
      View Details
    • Value Estimation
      $625,000
      5,032 SF

      2097 Us Hwy 130

      COMMERCIAL (GENERAL) • 5,032 SF
      2097 Us Hwy 130, Roebling, NJ 08554
      View Details
    • Value Estimation
      $2,165,000
      14,760 SF

      2093 Us Hwy 130

      COMMERCIAL (GENERAL) • 14,760 SF
      2093 Us Hwy 130, Roebling, NJ 08554
      View Details
    • Value Estimation by Request
      0.12 Acres

      280 Alden Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      280 Alden Ave, Roebling, NJ 08554-1106
      View Details

    Similar Nearby for Sale

    • $259,999

      Updated 3-Bedroom Home in Roebling

      Charming, updated 3-bedroom home in Roebling with modern features.
      149 7Th Ave, Roebling, NJ 08554
      View Details
    • $995,000
      4,496 SF

      Well-Maintained Multi-Unit Property

      Multi-unit property on corner lot near Delaware River.
      101 Main St, Roebling, NJ 08554
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Roebling Retail or Office Space

      Commercial space for lease in Florence Township with basement storage.
      1203 Hornberger Ave, Roebling, NJ 08554
      View Details
    • $24 SF/Yr
      6,000 SF

      Roebling, NJ Office Space For Lease

      1,000 sq ft Office, All Utilities Included
      1203 Hornberger Ave, Florence, NJ 08554
      View Details
    • $55,555

      Office Space Ideal for Medical

      2775 sq ft office space suitable for medical use.
      501 Delaware Ave, Roebling, NJ 08554
      View Details
    • Contact for pricing
      152,000 SF

      Roebling Manufacturing and Distribution Facility

      152,000 SF manufacturing and distribution facility available for lease.
      700 Railroad Ave, Roebling, NJ 08554
      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.
    1203 Hornberger Ave
    Florence, NJ 08554
    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.