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

    24 Broad St Burlington, NJ 08016-4518

    • Commercial real estate
    • 430 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Nov 19, 2020
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3191919
    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

    • TestHere.com / Medical Clinic

    Property Details for 24 Broad St

    Year built
    1968
    Lot size
    0.36 lot acres
    Property size
    430 SF
    Zone code
    C-1
    Property type
    Commercial real estate
    APN
    05 00032-0000-00001
    APU
    500032000000001

    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
    Burlington
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8591
    Latitude
    40.0771
    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
    $1,262
    $22,800
    $7,200
    $30,000
    -
    $22,800
    $7,200
    $30,000

    Comparable in this City

    • Value Estimation by Request
      1.46 Acres

      1164 Us-130

      Land • 1.46 Acres
      1164 Us-130, Burlington, NJ 08016
      View Details
    • Value Estimation by Request

      250 Bromley Blvd

      COMMERCIAL (GENERAL)
      250 Bromley Blvd, Burlington, NJ 08016-4325
      View Details
    • Value Estimation by Request
      34.89 Acres

      2006 Rte 130th N

      COMMERCIAL (GENERAL) • 34.89 Acres
      2006 Rte 130th N, Burlington, NJ 08016-9716
      View Details
    • Value Estimation by Request
      2.57 Acres

      1130 Rte 130

      COMMERCIAL (GENERAL) • 2.57 Acres
      1130 Rte 130, Burlington, NJ 08016-2900
      View Details
    • Value Estimation
      $540,000
      9.15 Acres

      4397 Rte 130th S

      COMMERCIAL (GENERAL) • 9.15 Acres
      4397 Rte 130th S, Burlington, NJ 08016-2249
      View Details
    • Value Estimation
      $3,235,000
      19,740 SF

      115 Sunset Rd

      COMMERCIAL (GENERAL) • 19,740 SF
      115 Sunset Rd, Burlington, NJ 08016-4153
      View Details

    Similar Nearby for Sale

    • $2,000,000
      2.57 Acres

      Prime Burlington Commercial Land

      2.57 Acres, Route 130, NJ
      1130 Us-130, Burlington, NJ 08016
      View Details
    • Contact for pricing
      8.50 Acres

      Prime Burlington NJ Commercial Land

      8.5 Acres, High Traffic Location
      0 Sunset Rd & Salem Rd, Burlington, NJ 08016
      View Details
    • $1,400,000
      1.46 Acres

      Route 130 Commercial Land for Sale

      High-traffic Burlington, NJ commercial lot.
      1164 Us-130, Burlington, NJ 08016
      View Details
    • $2,200,000
      300,000 SF

      Prime Burlington Commercial Land

      High-traffic Route 130 location.
      2075 Route 130, Burlington, NJ 08016
      View Details
    • $225,000
      0.85 Acres

      Route 130 Commercial Land Parcel

      Burlington, NJ: Prime B-2 Zoned Land
      1412 Us-130, Burlington, NJ 08016
      View Details
    • $600,000
      0.19 Acres

      Burlington, NJ Multi-Family Investment

      Six-unit complex, high rental income potential.
      127 Broad St, Burlington, NJ 08016
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      85,390 SF

      Prime Burlington County Warehouse Space

      85,390 SF Warehouse; 20,000 SF Available
      300 Richards Run, Burlington, NJ 08016
      View Details
    • Contact for pricing
      5,000 SF

      Burlington Office/Flex Space Available

      Office and flex space for lease in Burlington, New Jersey.
      95 Connecticut Dr, Burlington, NJ 08016
      View Details
    • Contact for pricing
      294,176 SF

      New Distribution Facility, Exit 6A

      New 294,176 SF distribution facility in booming industrial market.
      1804 River Rd, Burlington, NJ 08016
      View Details
    • $7 SF/Yr
      20,160 SF

      Industrial/Warehouse Space Near Turnpike

      11,000 SF light industrial/warehouse space available for lease.
      11 Cadillac Rd, Burlington, NJ 08016
      View Details
    • $10,000 /Mo
      9,148 SF

      Burlington Office Building For Rent

      12,000 sqft building available for rent in Burlington, NJ.
      437 High St, Burlington, NJ 08016
      View Details
    • $499,000
      3,285 SF

      Turnkey Restaurant Opportunity in Burlington

      Restaurant with recent upgrades, great visibility, and outdoor area.
      210 W Broad St, Burlington, NJ 08016
      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.
    24 Broad St
    Burlington, NJ 08016-4518
    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.