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

    390 Broadway Pennsville, NJ 08070-1253

    • Commercial real estate
    • 30,746 SF
    • 4.72 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2024
    Value Estimations
    $2,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2889590
    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

    • Desai Anjali A MD / Physician
    • Glenn Danette MD / Physician
    • Zhang Lei MD / Physician
    • Cooper Pediatrics / Pediatrician / Medical Clinic
    • Wark James E MD / Physician

    Property Details for 390 Broadway

    Lot size
    4.72 lot acres
    Property size
    30,746 SF
    Zone code
    4/0
    Property type
    Commercial real estate
    APN
    09 00501-0000-00002
    APU
    900501000000002

    Description

    This exceptional 28,162 square foot mixed-use property, located at 390 N. Broadway in Pennsville Township, New Jersey (zip code 08070), presents a compelling investment opportunity. Currently boasting 71.5% occupancy, the building benefits from a prominent location on Broadway, allowing for excellent tenant signage visibility. The property's zoning designation is mixed-use, offering flexibility for a variety of commercial ventures. A significant portion of the space is occupied by Cooper Health, providing a stable and reliable anchor tenant. This owner/user opportunity allows for potential expansion or adaptation to suit individual business needs. The property's strategic location in Salem County, New Jersey, provides easy access to major transportation routes and a thriving local community. Detailed financial information and lease agreements are available upon request. This is an ideal investment for those seeking a strong return in a desirable New Jersey market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,164,000
      Market price range: $1.63M - $4.89M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pennsville
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4973
    Latitude
    39.6746
    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
    $171,458
    $651,700
    $2,954,900
    $3,606,600
    -
    $651,700
    $2,954,900
    $3,606,600

    Comparable in this City

    • Value Estimation by Request

      Broadway

      COMMERCIAL (GENERAL)
      Broadway, Pennsville, NJ 08070
      View Details
    • Value Estimation
      $980,000
      19,564 SF

      183 Broadway

      COMMERCIAL (GENERAL) • 19,564 SF
      183 Broadway, Pennsville, NJ 08070-1417
      View Details
    • Value Estimation by Request
      1,620 SF

      962 Broadway

      COMMERCIAL (GENERAL) • 1,620 SF
      962 Broadway, Pennsville, NJ 08070-9641
      View Details
    • Value Estimation by Request
      120 SF

      406 Broadway

      COMMERCIAL (GENERAL) • 120 SF
      406 Broadway, Pennsville, NJ 08070-2632
      View Details
    • Value Estimation by Request
      1,591 SF

      2 Maple Ave

      COMMERCIAL (GENERAL) • 1,591 SF
      2 Maple Ave, Pennsville, NJ 08070-1509
      View Details
    • Value Estimation by Request
      5.64 Acres

      Broadway

      COMMERCIAL (GENERAL) • 5.64 Acres
      Broadway, Pennsville, NJ 08070
      View Details

    Similar Nearby for Sale

    • $225,000
      195 SF

      Pennsville Commercial Property Investment

      High-Visibility, Versatile Commercial Space
      398 Hook Rd, Pennsville, NJ 08070
      View Details
    • Contact for pricing
      0.14 Acres

      Pennsville Commercial Workshop Space

      Double garage & workshop, electric available.
      178 Broadway, Pennsville, NJ 08070
      View Details
    • $1,999,900
      10,584 SF

      Pennsville Riverfront Townhome Complex

      Six-unit multi-family, turnkey investment
      46 Pittsfield St, Pennsville, NJ 08070
      View Details
    • $195,000
      3,000 SF

      Pennsville Office Condo - Great Location!

      3,000 sq ft Office Condo, Prime Location
      681 Broadway Unit, Pennsville, NJ 08070
      View Details
    • $195,000
      3,000 SF

      681 Broadway

      Office Properties & Spaces • 3,000 SF
      681 Broadway, Pennsville Township, NJ 08070
      View Details
    • $290,000
      0.28 Acres

      Pennsville Leased Investment Opportunity

      Leased, income-producing commercial building in Pennsville, NJ. Investment opportunity.
      364 S Broadway, Pennsville, NJ 08070
      View Details

    Similar Nearby for Lease

    • $24,000
      20,473 SF

      Office Space in PENNSVILLE, NJ

      Office property available for lease in PENNSVILLE, New Jersey.
      101 N Broadway, Pennsville, NJ 08070
      View Details
    • $1,500 /Mo
      5,663 SF

      Pennsville Office Space For Lease

      Office space in high-traffic area with parking and accessibility features.
      176 Broadway, Pennsville, NJ 08070
      View Details
    • $2,300 /Mo
      45,738 SF

      Professional Space Near Major Highways

      2,300 sq ft commercial unit suitable for various professional uses.
      5 Carroll Ave, Pennsville, NJ 08070
      View Details
    • $750 /Mo
      45,738 SF

      Private Offices in Pennsville, NJ

      Private office spaces for rent, ideal for small businesses.
      5 Carroll Ave, Pennsville, NJ 08070
      View Details
    • $15 SF/Yr
      2,400 SF

      Professional Office/Medical Space Available

      Professional office/medical space for lease with immediate occupancy.
      Pennsville, NJ 08070
      View Details
    • $1,600 /Mo
      871 SF

      Pennsville Professional Office Space

      Well-maintained first-floor office space in central Pennsville.
      2 Chestnut St Unit, Pennsville, NJ 08070
      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.
    390 Broadway
    Pennsville, NJ 08070-1253
    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.