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    1520 N Black Horse Pike Williamstown, NJ 08094
    Property profile & analytics

    1520 N Black Horse Pike Williamstown, NJ 08094

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    • Office Units
    • 4,500 SF
    Off-Market
    Property ID
    US59-2117726
    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

    • Office Units

    Property Details for 1520 N Black Horse Pike

    Year built
    1961
    Property size
    4,500 SF
    Property type
    Office Units
    Property subtype
    Single family properties

    Description

    **PRICE REDUCTION** Discover the perfect space for your business located at 1520 North Black Horse Pike, Williamstown, NJ (formerly the home of the Williamstown Youth Fellowship Center). This property is situated on almost 1 acre of land on the highly traveled Black Horse Pike!! The first floor ... of this property offers a large banquet hall, a full service kitchen, 2 bathrooms, and lounge area. The upstairs boasts of an office area, two bedrooms with walk-in-closets and a walk-out balcony for outside views. The full basement has separate rooms and houses the heating system. This property was previously used as residential as well as a banquet hall. This property is easy to show. Call the listing agent today to set up an appointment!!

    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
    Williamstown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.9514
    Latitude
    39.6478

    Comparable in this City

    • $1,100,000
      2,875 SF

      Williamstown Mixed-Use Investment

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      871 Corkery Ln, Williamstown, NJ 08094
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    • $700,000
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      Prime Commercial Land Opportunity

      2.29-acre parcel ideal for various business uses.
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    • $450,000
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      Restaurant Location on Black Horse Pike

      Long-standing restaurant location with high visibility on Black Horse Pike.
      15 E Black Horse Pike, Williamstown, NJ 08094
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    • $325,000
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      Cedarville Restaurant Opportunity

      Operating restaurant in Cedarville, NJ, with equipment included.
      350 Main St, Cedarville, NJ 08094
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      Commercial Development Site Near Home Depot

      1.5 acre commercial development site near major retailers.
      133 Berlin - Cross Ky Rd, Washington Township, NJ 08094
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    Similar Nearby for Sale

    • $1,100,000
      2,875 SF

      Williamstown Mixed-Use Investment

      10-Acre Multi-Family Property, High Demand
      871 Corkery Ln, Williamstown, NJ 08094
      View Details
    • $325,000
      0.06 Acres

      Cedarville Restaurant Opportunity

      Operating restaurant in Cedarville, NJ, with equipment included.
      350 Main St, Cedarville, NJ 08094
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    • $700,000
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      Prime Commercial Land Opportunity

      2.29-acre parcel ideal for various business uses.
      1851 N Black Horse Pike, Williamstown, NJ 08094
      View Details
    • $450,000
      0.75 Acres

      Restaurant Location on Black Horse Pike

      Long-standing restaurant location with high visibility on Black Horse Pike.
      15 E Black Horse Pike, Williamstown, NJ 08094
      View Details
    • Contact for pricing

      Commercial Development Site Near Home Depot

      1.5 acre commercial development site near major retailers.
      133 Berlin - Cross Ky Rd, Washington Township, NJ 08094
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Retail Restaurant Building For Rent

      5,000 SF retail restaurant building constructed in 2015.
      1840 S Black Horse Pike, Williamstown, NJ 08094
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    • $1,600 /Mo
      156,380 SF

      Versatile Office Space in Williamstown

      Well-located office space with flexible layout and strong visibility.
      4268 S Black Horse Park, Williamstown, NJ 08094
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    • $1,300 /Mo
      156,380 SF

      Professional Office Space For Lease

      Functional office suite with kitchenette, bathroom, and high-traffic visibility.
      4268 S Black Horse Park, Williamstown, NJ 08094
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    • $1,400 /Mo
      91,040 SF

      Affordable Office Units with Basements

      Well-maintained office units with basements and ample parking.
      375 N Main St, Williamstown, NJ 08094
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    • $1,400 /Mo
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      Professional Office Units with Basements

      Affordable office units with parking in a well-maintained complex.
      375 N Main St, Williamstown, NJ 08094
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    • $500 /Mo
      156,380 SF

      Office Space with Private Entrance

      25' x 20' office space with private entrance.
      4268 S Black Horse Park, Williamstown, NJ 08094
      View Details
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    Williamstown, NJ 08094
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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.

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