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    246 S White Horse Pike Audubon, NJ 08106
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    246 S White Horse Pike Audubon, NJ 08106

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    • Commercial real estate
    • 0.34 lot acres
    For Sale
    $369,900
    View Listing →
    Medical Office Building For Sale For Sale
    $369,900
    4,000 SF

    Medical Office Building For Sale

    Medical office building with existing fitout and parking.

    246 S White Horse Pike, Audubon, NJ 8106
    View Listing
    Property ID
    US59-2188658
    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 246 S White Horse Pike

    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property type
    Commercial real estate
    APN
    01 00057-0000-00023
    APU
    100057000000023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Audubon
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0672
    Latitude
    39.8921
    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
    $12,852
    $218,000
    $120,300
    $338,300
    -
    $218,000
    $120,300
    $338,300

    Comparable in this City

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      44 Atlantic Ave

      COMMERCIAL (GENERAL) • 0.02 Acres
      44 Atlantic Ave, Audubon, NJ 08106-1432
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      1,736 SF

      408 White Horse Pike

      COMMERCIAL (GENERAL) • 1,736 SF
      408 White Horse Pike, Audubon, NJ 08106-1311
      View Details
    • Value Estimation
      $640,000
      0.04 Acres

      41 Kings Hwy

      COMMERCIAL (GENERAL) • 0.04 Acres
      41 Kings Hwy, Audubon, NJ 08106-1216
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      0.04 Acres

      134 Cuthbert Blvd

      COMMERCIAL (GENERAL) • 0.04 Acres
      134 Cuthbert Blvd, Audubon, NJ 08106-1000
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      0.05 Acres

      51 Kings Hwy

      COMMERCIAL (GENERAL) • 0.05 Acres
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    Similar Nearby for Sale

    • $425,000

      Well-Maintained Office Building For Sale

      Meticulously maintained office building with prominent visibility and convenient parking.
      523 S White Horse Pike, Audubon, NJ 08106
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    • Contact for pricing
      0.34 Acres

      Audubon Office Suite For Lease

      Prime Audubon location, 350 sq ft, all utilities included.
      220 White Horse Pike, Audubon, NJ 08106
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    • $369,900

      Medical Office Building For Sale

      Medical office building with existing fitout and parking.
      246 S White Horse Pike, Audubon, NJ 08106
      View Details
    • $499,000
      Pending

      Two Homes on One Lot

      Two separate homes on one lot with generous living space.
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    • $279,900

      Renovated Retail Storefront with Basement

      Retail opportunity in Audubon with high foot traffic and infrastructure.
      105 E Atlantic Ave, Audubon, NJ 08106
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    • $449,500
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      Audubon Office Building - Great Location

      Prime Office Space, High Visibility, Ample Parking
      523 White Horse Pike, Audubon, NJ 08106
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 2,000 to 10,908 SF.
      1 E Kings Hwy, Audubon, NJ 08106
      View Details
    • Contact for pricing
      10,908 SF

      Former Retail Space with Drive-Thru

      Freestanding retail building with drive-thru in Audubon, New Jersey.
      755 S White Horse Pike, Audubon, NJ 08106
      View Details
    • $500 /Mo
      14,741 SF

      Furnished Office Space Available

      Furnished office space for lease with utilities included.
      220 S White Horse Pike, Audubon, NJ 08106
      View Details
    • $650 /Mo
      14,741 SF

      Furnished Office Space Available

      Furnished office suite for lease with utilities included.
      220 S White Horse Pike, Audubon, NJ 08106
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    • $12 SF/Yr

      First Floor Office Space

      Office space for rent in a vibrant, accessible location.
      246 S White Horse Pike, Audubon, NJ 08106
      View Details
    View Listing
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    Audubon, NJ 08106
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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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