Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 White Horse Pike Somerdale, NJ 08083-1741

    • Commercial real estate
    • 1.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2545661
    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

    • Wawa / Restaurant / Take-out & Catering
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • PNC ATM / Atm

    Property Details for 2 White Horse Pike

    Construction
    CONCRETE BLOCKS
    Lot size
    1.59 lot acres
    Property type
    Commercial real estate
    APN
    31 00070- 01-00013- 02
    APU
    3100070010001302

    Description

    This exceptional 2,200 square foot retail space is available for lease at 2 S White Horse Pike in Somerdale, New Jersey. Located in Camden County, this single-tenant property offers a fantastic opportunity for businesses seeking high visibility and convenient access. The building sits on a sizable 0.68-acre lot, providing ample space and potential for outdoor displays or seating areas. With 23 on-site parking spaces, customers and employees will find parking easy and convenient. The property is classified as commercial retail and presents a blank canvas for a variety of retail ventures. The entire 2,200 square feet is currently vacant, allowing for complete customization to suit your specific business needs. The address, 2 S White Horse Pike, places your business on a well-traveled thoroughfare, ensuring high foot traffic and excellent brand exposure. The property's location in Somerdale, NJ, offers a strong local market and easy access to major transportation routes. This is an ideal opportunity for a business seeking a prominent location with significant visibility and ample parking in a thriving community. The property is ready for immediate occupancy, allowing for a quick and efficient start to your business operations. Contact us today to schedule a viewing and explore the possibilities. The zip code for this property is 08083.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerdale
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0187
    Latitude
    39.8452
    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
    $80,769
    $954,000
    $937,100
    $1,891,100
    -
    $954,000
    $937,100
    $1,891,100

    Comparable in this City

    • Value Estimation by Request
      17.27 Acres

      1 Coopertowne Blvd

      COMMERCIAL (GENERAL) • 17.27 Acres
      1 Coopertowne Blvd, Somerdale, NJ 08083-1433
      View Details
    • Value Estimation by Request
      0.92 Acres

      20 White Horse Pike

      COMMERCIAL (GENERAL) • 0.92 Acres
      20 White Horse Pike, Somerdale, NJ 08083-1700
      View Details
    • Value Estimation by Request
      0.06 Acres

      509 Warwick Rd

      COMMERCIAL (GENERAL) • 0.06 Acres
      509 Warwick Rd, Somerdale, NJ 08083-1941
      View Details
    • Value Estimation by Request
      0.13 Acres

      1110 White Horse Pike

      COMMERCIAL (GENERAL) • 0.13 Acres
      1110 White Horse Pike, Somerdale, NJ 08083-1339
      View Details
    • Value Estimation by Request
      0.11 Acres

      600 White Horse Pike

      COMMERCIAL (GENERAL) • 0.11 Acres
      600 White Horse Pike, Somerdale, NJ 08083-1246
      View Details
    • Value Estimation
      $1,150,000
      0.59 Acres

      700 White Horse Pike

      COMMERCIAL (GENERAL) • 0.59 Acres
      700 White Horse Pike, Somerdale, NJ 08083-1253
      View Details

    Similar Nearby for Sale

    • $850,000
      0.58 Acres

      Somerdale Bar & Restaurant - Turnkey Opportunity

      Established Pub & Kitchen, Liquor License Included
      814 White Horse Pike, Somerdale, NJ 08083
      View Details
    • Contact for pricing
      2,200 SF

      Retail Opportunity on White Horse Pike

      Standalone retail property with high visibility on White Horse Pike.
      2 S White Horse Pike, Somerdale, NJ 08083
      View Details
    • $500,000
      9,448 SF

      Somerdale Retail Center Investment

      High-traffic location, prime retail space.
      1 White Horse Pike, Somerdale, NJ 08083
      View Details
    • $649,000
      1.30 Acres

      Somerdale Office Building/Development Opportunity

      Office building or development opportunity on Haddonfield-Berlin Road.
      1213 Haddonfield-Berlin Rd, Somerdale, NJ 08083
      View Details
    • $775,000
      3,500 SF

      Somerdale Flex Space Opportunity

      3,500 SF flex space near Cooper Towne Center.
      102 White Horse Rd W, Somerdale, NJ 08083
      View Details
    • Contact for pricing

      Somerdale Retail Space Available

      Prime Somerdale retail location. Ideal for various businesses.
      624 White Horse Pike, Somerdale, NJ 08083
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,718 SF

      Retail Space in Somerdale

      Highly visible retail space available for lease in Somerdale.
      600-624 N White Horse Pike, Somerdale, NJ 08083
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Somerdale Center

      Retail space available in pedestrian-friendly Somerdale shopping center.
      711 Evesham Ave E, Somerdale, NJ 08083
      View Details
    • Contact for pricing
      3,500 SF

      Somerdale Distribution Building for Lease

      3,500 SF distribution building on 1.08 acre lot.
      800 Kennedy Blvd, Somerdale, NJ 08083
      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.
    2 White Horse Pike
    Somerdale, NJ 08083-1741
    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

    Google sign-in failed. Please try again or use another login method.