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    Property profile & analytics

    1335 Harding Hwy Richland, NJ 08350

    • Commercial real estate
    • 513 SF
    • 0.83 lot acres
    For Sale
    View listing
    $249,900
    Value Estimations
    Cap Rate Potential
    2.9%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-3145230
    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 1335 Harding Hwy

    Year built
    1953
    Lot size
    0.83 lot acres
    Property size
    513 SF
    Zone code
    PVRC
    Property type
    Commercial real estate
    APN
    05 04526-0000-00006
    APU
    504526000000006

    Description

    This exceptional 3,000 square foot retail property is situated on the highly trafficked Harding Highway in Richland, NJ. Previously operating as a gas station (with all underground tanks removed and complete Department of Environmental Protection documentation available), the main building currently functions as a thriving two-bay auto repair shop. The sale includes an adjacent building, previously used as a cafГ© and barbecue restaurant, offering significant expansion or redevelopment potential. The property's prime highway location ensures exceptional visibility and accessibility, making it ideal for a variety of commercial uses. The existing auto repair business provides a strong foundation for continued operation or a seamless transition to a new tenant. The inclusion of the second building presents a unique opportunity to expand existing operations, create additional rental income, or develop a completely new concept. This versatile property offers a compelling investment opportunity for entrepreneurs and savvy investors seeking a high-traffic location with significant upside potential. The property is being sold as-is. All interested parties are encouraged to conduct their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.8662
    Latitude
    39.4906
    CBSA code
    12100
    CBSA name
    ATLANTIC CITY, NJ 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
    $6,558
    $103,300
    $121,200
    $224,500
    -
    $103,300
    $121,200
    $224,500

    Comparable in this City

    • Value Estimation
      $290,000
      2,564 SF

      1328 Harding Hwy

      COMMERCIAL (GENERAL) • 2,564 SF
      1328 Harding Hwy, Richland, NJ 08350-2445
      View Details
    • Value Estimation
      $270,000
      0.83 Acres

      408 Cedar Ave

      COMMERCIAL (GENERAL) • 0.83 Acres
      408 Cedar Ave, Richland, NJ 08350
      View Details
    • Value Estimation
      $265,000
      1.03 Acres

      524 Cedar Ave

      COMMERCIAL (GENERAL) • 1.03 Acres
      524 Cedar Ave, Richland, NJ 08350
      View Details
    • Value Estimation
      $310,000
      2,324 SF

      1306 Harding Hwy

      COMMERCIAL (GENERAL) • 2,324 SF
      1306 Harding Hwy, Richland, NJ 08350-2445
      View Details
    • Value Estimation
      $280,000
      3,472 SF

      404 Cedar Ave

      COMMERCIAL (GENERAL) • 3,472 SF
      404 Cedar Ave, Richland, NJ 08350
      View Details
    • Value Estimation
      $380,000
      1,920 SF

      1343 Harding Hwy

      COMMERCIAL (GENERAL) • 1,920 SF
      1343 Harding Hwy, Richland, NJ 08350-2205
      View Details

    Similar Nearby for Sale

    • $55,000
      8.48 Acres

      Richland Buildable 8.48 Acre Lot

      8.48 acre lot with pinelands approval for single family dwelling.
      Prep St, Richland, NJ 08350
      View Details
    • $249,900
      3,000 SF

      Harding Highway Retail Opportunity

      High-visibility retail space, flexible use.
      1335 Harding Hwy, Richland, NJ 08350
      View Details
    • Contact for pricing

      Private Office Space Available

      Second-floor office space in Richland, utilities included, ample parking.
      1315 Harding Hwy, Richland, NJ 08350
      View Details

    Similar Nearby for Lease

    • New
      $12 SF/Yr

      Warehouse Space in Buena Vista

      3,600 sq. ft. warehouse space for lease.
      1315 Harding Hwy, Richland, NJ 08350
      View Details
    • New
      $375 /Mo
      29,185 SF

      Private Office Space For Lease

      Private 125 sq. ft. office space in Richland, NJ.
      1315 Harding Hwy, Richland, NJ 08350
      View Details
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    Richland, NJ 08350
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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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