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    216 Haddon Ave Westmont, NJ 08108
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    216 Haddon Ave Westmont, NJ 08108

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    • Commercial real estate
    • 17,464 SF
    • 3.39 lot acres
    For Lease
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    216 Haddon Ave, Westmont, NJ 08108 For Lease
    Contact for pricing

    216 Haddon Ave, Westmont, NJ 08108

    Office building near PATCO station and mixed-use development.

    Haddon Township, NJ 08108
    View Listing
    Property ID
    US59-1198140
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 216 Haddon Ave

    Year built
    1974
    Lot size
    3.39 lot acres
    Property size
    17,464 SF
    Property type
    Commercial real estate
    APN
    16 00021- 14-00005- 01
    APU
    1600021140000501

    Description

    Sentry Office Plaza, a Class B, seven-story office building in Westmont, NJ, offers 120,389 square feet of executive office space. Built in 1975, this multi-tenant property boasts 20 suites, with a minimum divisible space of 737 square feet and a maximum contiguous space of 6,706 square feet. Currently, 46,930 square feet are available for lease. The building is conveniently located at 216 Haddon Avenue, 08108, directly across from the new Haddon Town Centre development and adjacent to the Westmont PATCO station, providing easy access to public transportation. Tenants enjoy ample parking and proximity to local shops and restaurants. Individual suite sizes range from 737 to 9,969 square feet, offering flexibility for various business needs. A special introductory rate of $12 per square foot is available for the first six months on qualifying leases. This prime location combines big-city convenience with a small-town atmosphere, making it an ideal space for businesses seeking a thriving and accessible environment in Camden County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,045,000
      6.5%
      $2,810,000
      7%
      $2,610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,042,000
      Market price range: $1.72M - $4.04M
      AI Estimate
      $2,641,000
      Market price range: $1.42M - $2.64M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,660,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,940,000
      Change: +11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Haddon Township
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0835
    Latitude
    39.9208
    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
    $319,575
    $792,700
    $6,707,300
    $7,500,000
    -
    $792,700
    $6,707,300
    $7,500,000

    Comparable in this City

    • Value Estimation by Request
      0.44 Acres

      922 Haddon Ave

      COMMERCIAL (GENERAL) • 0.44 Acres
      922 Haddon Ave, Collingswood, NJ 08108
      View Details
    • Value Estimation
      $2,905,000
      19,398 SF

      360 Haddon Ave

      COMMERCIAL (GENERAL) • 19,398 SF
      360 Haddon Ave, Collingswood, NJ 08108-1247
      View Details
    • Value Estimation by Request
      1,747 SF

      878 Haddon Ave

      COMMERCIAL (GENERAL) • 1,747 SF
      878 Haddon Ave, Collingswood, NJ 08108-1943
      View Details
    • Value Estimation by Request
      870 SF

      144 Haddon Ave

      COMMERCIAL (GENERAL) • 870 SF
      144 Haddon Ave, Haddon Township, NJ 08108-2738
      View Details
    • Value Estimation by Request
      0.17 Acres

      316 Haddon Ave

      COMMERCIAL (GENERAL) • 0.17 Acres
      316 Haddon Ave, Haddon Township, NJ 08108-2841
      View Details
    • Value Estimation
      $645,000
      0.28 Acres

      17 Knight Ave

      COMMERCIAL (GENERAL) • 0.28 Acres
      17 Knight Ave, Collingswood, NJ 08108-1476
      View Details

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      Pending

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      Retail Space in Established Community

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      New Retail Space in Camden

      New construction retail space in mixed-use Camden development.
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      Move-in Ready Commercial Space

      Renovated commercial space in Collingswood's Central Business District.
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      Office Space Near Westmont PATCO

      Office building near PATCO station and mixed-use development.
      216 Haddon Ave, Westmont, NJ 08108
      View Details
    • $18 SF/Yr

      Mid-Rise Office Building For Rent

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    View Listing
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    216 Haddon Ave
    Westmont, NJ 08108
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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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