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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Office buildings
18 Collings Ave West Berlin, NJ 08091-9134
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-0407371
Property summary
AI-generated overview
This exceptional owner-user industrial property, located at 18 W Collings Ave in Berlin Township, New Jersey, offers 18,550 square feet of warehouse and office space. Built in 1869, this single-story building sits on a generous 2.54-acre lot and boasts a 15.75-foot clear ceiling height, ideal for various industrial uses. The property includes two loading docks and two drive-in doors, ensuring efficient loading and unloading operations. Approximately 2,750 square feet is dedicated to office/showroom space, providing ample room for administrative functions or client interaction. The property also features a fully gated yard with plenty of on-site trailer parking, plus an additional acre of outdoor storage space. Its strategic location offers easy access to major transportation arteries, being situated off Route 73 and just minutes from Route 30 and the Atlantic City Expressway, providing excellent connectivity for regional distribution. This property is being offered for sale by owner. The zip code is 08091, and the property is in Camden County.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE BLOCKS
Total area
18,550 SF
Lot
2.54 ac (110,799 SF)
Zoning code
C2
APN
06 01601-0000-00006
UPID
US59-0407371
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$985k
Owner & transaction history
Blue Hen Real Estate LLC · 11 yrs held
Blue Hen Real Estate LLC
since 2014
7 recorded transactions
Zoning & alternative use
C2 · West Berlin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Berlin submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,625,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$24,848
Tax year 2022
Assessed value
$644,900
Assessed 2023
Previous assessed
$644,900
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$125,400
Assessed improvement
$519,500
Land market value
$125,400
Improvement market value
$519,500
Total market value
$644,900
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
18,550 SF
Lot
2.54 ac (110,799 SF)
Zoning code
C2
APN
06 01601-0000-00006
UPID
US59-0407371
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C2 · West Berlin, NJ
Zoning C2 · permitted uses
C2 · West Berlin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Berlin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Blue Hen Real Estate LLC
Entity
Mailing address
18 W COLLINGS AVE, WEST BERLIN, NJ 08091-9134
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
Blue Hen Real Estate LLC
—
Deed
related
$5,000,000 · Columbia Bank
Nov 18, 2017
—
Blue Hen Real Estate LLC
—
Deed
related
$1,000,000 · Columbia Bk
Sep 12, 2016
—
Blue Hen Real Estate LLC
—
Deed
related
$500,000 · Columbia Bank
Nov 3, 2014
$640,000
Blue Hen Real Estate LLC
Bdm Graphics LLC
Bargain And Sale Deed
$480,000 · Columbia Bank
—
—
Bdm Graphics LLC
—
Deed Of Trust
related
$350,000 · Pnc Bank
—
—
Bdm Graphics LLC
—
Deed Of Trust
related
$458,000 · Commerce Bank NA
—
—
Blue Hen Real Estate LLC
—
Deed Of Trust
related
$1,000,000 · Columbia Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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