Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    166 Route 17, NJ
    Back to Search
    Property profile & analytics

    166 Route 17, NJ

    View on Map
    • Commercial real estate
    • 18,532 SF
    • 2.78 lot acres
    Off-Market
    Property ID
    US59-2545516
    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
    $2,375,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 166 Route

    Year built
    2000
    Lot size
    2.78 lot acres
    Property size
    18,532 SF
    Zone code
    BG
    Property type
    Commercial real estate
    APN
    46 02504-0000-00010- 01
    APU
    460250400000001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,615,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    17
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0699
    Latitude
    40.9319
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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
    $209,455
    $5,560,000
    $8,578,400
    $14,138,400
    -
    $5,560,000
    $8,578,400
    $14,138,400

    Comparable in this City

    • Value Estimation by Request

      15th Route

      COMMERCIAL (GENERAL)
      15th Route, 17, NJ
      View Details
    • Value Estimation by Request

      Mullica Hill

      COMMERCIAL (GENERAL)
      Mullica Hill, Rd, NJ
      View Details
    • Value Estimation by Request

      Alg Pub Ser Row

      COMMERCIAL (GENERAL)
      Alg Pub Ser Row, No Brk, NJ
      View Details
    • Value Estimation by Request

      Bordentown Ave, NJ

      COMMERCIAL (GENERAL)
      Bordentown Ave, NJ
      View Details
    • Value Estimation by Request

      Public Places, NJ

      COMMERCIAL (GENERAL)
      Public Places, NJ
      View Details
    • Value Estimation by Request

      Alg Easement So Brook

      COMMERCIAL (GENERAL)
      Alg Easement So Brook, Dr, NJ
      View Details

    Similar Nearby for Sale

    • $950,000
      0.44 Acres

      Franklin Hwy 27 Garage Business

      Established Garage, Turnkey Operation, High Traffic
      2041 State Rte 27 Hwy, Franklin, NJ
      View Details
    • Contact for pricing
      2.00 Acres

      Swedesboro Commercial Land Investment

      Prime 2-acre NJ site, ideal for industrial or trucking.
      100 Grant Avenue, Swedesboro, NJ
      View Details
    • Contact for pricing
      13,000 SF

      Medical Office Space Available

      Medical office space for rent undergoing interior and exterior renovations.
      517 Nj-57, Washington, NJ
      View Details
    • Contact for pricing

      4.219 Acres on Fries Mill

      4.219 acres with 363’ frontage on Fries Mill Road.
      2325 Glassboro - Cross Ky Rd, Monroe, NJ
      View Details
    • Contact for pricing

      Commercial Raw Land For Sale

      9.9+/- acres of commercial land, Heavy Industrial zoning.
      2042 County Rte 656, Burlington, NJ
      View Details
    • Contact for pricing

      8.26 Acre Development Site

      Development site with approved resolution for retail shopping center.
      4800 Black Horse Pike, Hamilton, NJ
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,425 SF

      Pennsauken Office Space Available

      1425 square foot office space for rent in Pennsauken.
      6650 Browning Rd, Pennsauken, NJ
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Available For Rent

      Retail space available for rent in Haddon Township, NJ.
      660 West Cuthbert Blvd, Haddon Township, NJ
      View Details
    • Contact for pricing
      4,639 SF

      Prime Retail Pad Site Available

      New pad site suitable for various retail and restaurant uses.
      957 Rte 33 West, Monroe Twp, NJ
      View Details
    • Contact for pricing
      1,375 SF

      Medical/Office Space for Lease

      Light-filled medical or office space available for rent.
      1544 Kuser Rd, Hamilton Township, NJ
      View Details
    • Contact for pricing
      2,600 SF

      Kenvil Medical/Office Space Available

      Medical/office suites available for rent in Kenvil, New Jersey.
      677 Us Highway 46, Kenvil, NJ
      View Details
    • Contact for pricing
      2,400 SF

      Modern Retail/Medical/Office Space Available

      Class A space in Hamilton Township, near major transportation routes.
      100 Cabot Dr, Hamilton Township, NJ
      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.
    166 Route
    17, NJ
    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
    166 Route, 17, NJ
    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!