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Financial
Distress signals
Property profile

198 Route 73 S Berlin, NJ 08009

FOR SALE
Office buildings
Property ID
US59-1066282
1,380 SF 0.55 ac lot Built 1961
Last sale Dec 2014 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A leased storefront property dating to 1961, located on a corner at the signalized intersection of Route 73 and Taunton Avenue. The building features vinyl siding, forced-air heating, and central air conditioning, and includes a dedicated parking lot. The site is positioned along the Route 73 corridor and receives high traffic volumes, providing visibility to vehicles traveling through the Berlin area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value · 2024$384k
Assessed land$206k
Assessed improvement$178k
Effective rate3.38%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$2k
Operating expenses−$7k
NOI · 2.76% cap applied$17k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$94/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$57 – $120
Qualifying comparables4

Cap rate analysis

How does the asset earn?
2.76%
$17k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-3
R-3 Garden Apartment District. § 335-81.1 R-4 Townhouse District. § 335-81.2 R-5 Apartment and Townhouse District. § 335-82 C-1 Central B...
General categoryCOMMERCIAL
JurisdictionCAMDEN

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.2
Cafe & Coffee Shop9.0
Shoe Repair8.6

Location

198 Route 73 S Berlin, NJ 08009
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23 Harker Ave, Berlin, NJ 08009-2331 $367,625 Jan 2025 No data
20 Taunton, Berlin, NJ 08009-2603 $550,000 Nov 2024 No data
3 Harker, Berlin, NJ 08009-2300 $500,000 Jul 2022 No data
134 Cross Kys, Berlin, NJ 08009-9201 $1,594,207 Feb 2021 1,512 SF
211 Cross Kys, Berlin, NJ 08009-9415 $140,000 Feb 2019 No data
300 Rte 73, Berlin, NJ 08009-1756 $220,000 Jan 2019 1,776 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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