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    Property profile & analytics

    196 Fries Ml Rd Washington Township, NJ 08012

    • Industrial properties
    • 19,780 SF
    • 3.01 lot acres
    For Lease
    View listing
    Value Estimation
    $1,155,000
    Last Sale
    Mar 30, 2021
    $1,100,000
    Location Intelligence
    Property ID
    US59-0556038
    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

    • Industrial properties

    Property Details for 196 Fries Ml Rd

    Year built
    1985
    Lot size
    3.01 lot acres
    Property size
    19,780 SF
    Zone code
    HC
    Property type
    Industrial properties
    APN
    18 00115- 02-00008- 02
    APU
    1800115020000802

    Description

    This exceptional 20,000 square foot industrial property at 196 Fries Mill Road presents a unique opportunity for a single-tenant user. The building is divided into two main sections: a 9,300 square foot area with 15-foot ceilings and an 8,700 square foot area with 14-foot ceilings. Adding to its versatility is an approximately 1,000 square foot showroom or office space, ideal for administrative functions or client interaction. The property boasts ample parking with 45 spaces, conveniently situated within a fenced-in area, ensuring security and ease of access. Loading and unloading are efficient with two loading docks and six overhead drive-in doors. Four existing interior paint booths are available, offering potential for a variety of uses. The building features 435 feet of road frontage, providing excellent visibility and accessibility. The property is zoned HC, offering flexibility for various industrial applications. This well-maintained facility is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a functional and spacious industrial space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,030,000
      6.5%
      $1,130,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $995,000
      Geo Method
      $1,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $870,000
      Retail
      $1,150,000
      Mixed-Use
      $860,000
      Hospitality
      $1,010,000
      Educational
      $945,000
      Residential Income
      $1,100,000
      Energy
      $1,030,000
      Income-Based Land
      $1,030,000
      Food Service
      $905,000

    Location Insight

    • Map
    • Local Demand
    City
    Blackwood
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0474
    Latitude
    39.7342
    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
    2022
    $36,509
    $451,500
    $598,500
    $1,050,000
    -
    $451,500
    $598,500
    $1,050,000

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    Washington Township, NJ 08012
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    Realmo Value Estimation

    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.

    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.

    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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