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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    203 Main St Mullica Hill, NJ 08062-2601

    • Commercial real estate
    • 3,138 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    9.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-0979564
    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

    • Heritage's Dairy Stores / Grocery & Convenience Store
    • WSFS ATM / Atm

    Property Details for 203 Main St

    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.09 lot acres
    Property size
    3,138 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    08 00040-0000-00001
    APU
    800040000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $607,000
      Market price range: $233k - $631k
      AI Estimate
      $526,000
      Market price range: $280k - $526k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $415,000
      Current use
      OFFICE BUILDING
      $410,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mullica Hill
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.2133
    Latitude
    39.7518
    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
    2023
    $18,329
    $295,000
    $271,400
    $566,400
    -
    $295,000
    $271,400
    $566,400

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      62 Main St

      Land • 0.29 Acres
      62 Main St, Harrison Township, NJ 08062
      View Details
    • Value Estimation by Request
      5.57 Acres

      409 Swedesboro Rd

      COMMERCIAL (GENERAL) • 5.57 Acres
      409 Swedesboro Rd, Mullica Hill, NJ 08062-1815
      View Details
    • Value Estimation by Request
      4.07 Acres

      201 Tomlin Sta Rd

      COMMERCIAL (GENERAL) • 4.07 Acres
      201 Tomlin Sta Rd, Mullica Hill, NJ 08062-1612
      View Details
    • Value Estimation by Request

      413 Swedesboro Rd

      COMMERCIAL (GENERAL)
      413 Swedesboro Rd, Mullica Hill, NJ 08062-1815
      View Details
    • Value Estimation by Request
      5,780 SF

      38 Main St

      COMMERCIAL (GENERAL) • 5,780 SF
      38 Main St, Mullica Hill, NJ 08062-9400
      View Details
    • Value Estimation by Request
      990 SF

      28 Main St

      COMMERCIAL (GENERAL) • 990 SF
      28 Main St, Mullica Hill, NJ 08062-9400
      View Details

    Similar Nearby for Sale

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      Historic Mullica Hill Commercial Property

      Unique Commercial Property, NJ Historic District
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      7.38 Acres in Mullica Hill

      Scenic 7.38-acre parcel for estate or subdivision development.
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      Mixed-use property with business and residential potential in Mullica Hill.
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    • $2,000,000
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      Expansive Land Parcel in Mullica

      26.15-acre parcel ideal for residential or agricultural development.
      305 Fislerville Rd, Mullica Hill, NJ 08062
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    • Contact for pricing
      0.83 Acres

      Historic Colonial Office Space Available

      Executive-style office space in historic Mullica Hill building.
      53 N Main St, Mullica Hill, NJ 08062
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    • $3,000,000
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      Mullica Hill Waterfront Land Parcel

      20-acre lakefront land parcel in Mullica Hill, New Jersey.
      337 Ewan Rd, Mullica Hill, NJ 08062
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    Similar Nearby for Lease

    • $2,400 /Mo
      92,783 SF

      Downtown Mullica Hill Commercial Space

      2,000 sq ft space in historic downtown Mullica Hill.
      2 S Main St, Mullica Hill, NJ 08062
      View Details
    • $18 SF/Yr
      2,900 SF

      Prime Retail Space in Mullica

      Storefront retail space in the heart of Mullica Hill.
      50 S Main St, Mullica Hill, NJ 08062
      View Details
    • $18 SF/Yr
      1,950 SF

      Prime Mullica Hill Retail Space

      1,950 SF Storefront, Immediate Occupancy
      50 Main St, Harrison Township, NJ 08062
      View Details
    • Contact for pricing
      45,500 SF

      Swedesboro Road Retail Center

      Grocery-anchored shopping center in Mullica Hill, NJ
      108 Swedesboro Rd, Harrison Township, NJ 08062
      View Details
    • New
      $1,800 /Mo
      87,120 SF

      Mullica Hill Commercial Office Space

      Office space in fast-growing Mullica Hill, ideal for professionals.
      408 Swedesboro Rd, Mullica Hill, NJ 08062
      View Details
    • $23 SF/Yr
      16,250 SF

      Medical Office Space Available

      2,317 SF medical office space for lease.
      412 Ewan Rd, Mullica Hill, NJ 08062
      View Details
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    203 Main St
    Mullica Hill, NJ 08062-2601
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    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
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