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

    228 Haddon Ave West Berlin, NJ 08091-1621

    • Commercial real estate
    • 1,530 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Jan 18, 2022
    $120,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0608274
    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

    • Commercial real estate

    Property Details for 228 Haddon Ave

    Year built
    1935
    Construction
    CONCRETE BLOCKS
    Lot size
    0.49 lot acres
    Property size
    1,530 SF
    Property type
    Commercial real estate
    APN
    06 00603-0000-00001
    APU
    600603000000001

    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
    West Berlin
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9445
    Latitude
    39.8136
    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
    $8,180
    $118,100
    $94,200
    $212,300
    -
    $118,100
    $94,200
    $212,300

    Comparable in this City

    • Value Estimation by Request

      410 Bloomfield Dr, Unit 414

      COMMERCIAL (GENERAL)
      410 Bloomfield Dr, West Berlin, NJ 08091-2401
      View Details
    • Value Estimation by Request

      118 Walker Ave

      COMMERCIAL (GENERAL)
      118 Walker Ave, West Berlin, NJ 08091-1876
      View Details
    • Value Estimation by Request
      0.96 Acres

      546 Rte 73

      COMMERCIAL (GENERAL) • 0.96 Acres
      546 Rte 73, West Berlin, NJ 08091-9252
      View Details
    • Value Estimation
      $1,135,000
      7,368 SF

      100 Rte 73

      COMMERCIAL (GENERAL) • 7,368 SF
      100 Rte 73, West Berlin, NJ 08091-9201
      View Details
    • Value Estimation
      $2,905,000
      2.39 Acres

      545-549 Rt 73rd N, Unit 549

      COMMERCIAL (GENERAL) • 2.39 Acres
      545-549 Rt 73rd N, West Berlin, NJ 08091-9242
      View Details
    • Value Estimation by Request
      1,232 SF

      37 Haddon Ave

      COMMERCIAL (GENERAL) • 1,232 SF
      37 Haddon Ave, West Berlin, NJ 08091-1906
      View Details

    Similar Nearby for Sale

    • $219,900
      5.70 Acres

      Berlin NJ Industrial Land - 5.7 Acres

      Prime Berlin location, Light Industrial zoning. Seller financing available.
      325 Old Egg Hbr Rd, Berlin, NJ 08091
      View Details
    • $2,195,000
      25,950 SF

      Sports Recreation Facility For Sale

      Existing sports recreation facility with two basketball courts and office space.
      1039 Industrial Dr, West Berlin, NJ 08091
      View Details
    • Contact for pricing
      1,850 SF

      West Berlin Warehouse/Office Space

      1850 sq ft warehouse/office space in West Berlin, NJ.
      1044 Industrial Dr, West Berlin, NJ 08091
      View Details
    • Contact for pricing
      0.46 Acres

      Professional Office Space Available Now

      Well-appointed office suite with immediate occupancy in West Berlin.
      125 Route 73 N, West Berlin, NJ 08091
      View Details
    • $295,000
      5.70 Acres

      5.7 Acres Industrial Land Berlin

      5.7 acres of land for sale in Berlin, New Jersey.
      325 Old Egg Harbor Rd, West Berlin, NJ 08091
      View Details
    • New
      $261,000
      1,800 SF

      WEST BERLIN Flex Space

      1,800 sq ft flex space in industrial park.
      150 Cooper Rd, West Berlin, NJ 08091
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      36,000 SF

      West Berlin Warehouse with Office

      Warehouse with office/lab space available for rent in West Berlin.
      160 Cooper Rd, West Berlin, NJ 08091
      View Details
    • Contact for pricing
      9,500 SF

      Camden County Warehouse For Lease

      9,500 SF Warehouse - Ready to Occupy
      380 Cooper Rd, Berlin Township, NJ 08091
      View Details
    • $1,400 /Mo

      Retail Space in West Berlin

      Commercial space with highway exposure in downtown West Berlin, NJ.
      181 Haddon Ave, West Berlin, NJ 08091
      View Details
    • $12 SF/Yr
      11,404 SF

      West Berlin Warehouse with Offices

      6000 SF warehouse with offices and loading dock.
      151 Cooper Rd, West Berlin, NJ 08091
      View Details
    • Contact for pricing
      38,074 SF

      Warehouse and Office Spaces Available

      Three buildings on 3.90 acres with warehouse and office spaces.
      380 Cooper Rd, West Berlin, NJ 08091
      View Details
    • Contact for pricing
      1 SF

      Prime Berlin Twp Retail Site

      High-traffic location, 0.87 acres
      250 Nj-73, Berlin Township, NJ 08091
      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.
    228 Haddon Ave
    West Berlin, NJ 08091-1621
    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.