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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Commercial real estate
390 Broadway, Pennsville, NJ 08070-1253
Individually Owned
2-yr Hold
Free & Clear
Property ID
US59-2889590
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
30,746 SF
Lot
4.72 ac (205,603 SF)
Zoning code
4/0
APN
09 00501-0000-00002
UPID
US59-2889590
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.07M
Owner & transaction history
Township Of Pennsville · 2 yrs held
Township Of Pennsville
since 2024
7 recorded transactions
Zoning & alternative use
4/0 · Pennsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Pennsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pennsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$171,458
Tax year 2022
Assessed value
$3,606,600
Assessed 2023
Previous assessed
$3,606,600
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed land
$651,700
Assessed improvement
$2,954,900
Land market value
$651,700
Improvement market value
$2,954,900
Total market value
$3,606,600
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
30,746 SF
Lot
4.72 ac (205,603 SF)
Zoning code
4/0
APN
09 00501-0000-00002
UPID
US59-2889590
Jurisdiction
SALEM
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
4/0 · Pennsville, NJ
Zoning 4/0 · permitted uses
4/0 · Pennsville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pennsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.72 ac
Current owner
From public records · entity-resolved
Township Of Pennsville
Individual
Free & Clear · 2 yrs held
Mailing address
90 BROAD ST, PITTSGROVE, NJ 08318-2200
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
Township Of Pennsville
Mbrl Realty INC
Deed
—
Aug 3, 2023
—
Mbrl Realty INC
Juan Mattos JR
Deed
—
Apr 22, 2008
$4,400,000
M & P Re LLC
Acjm & M Ents
Grant Deed
—
Apr 19, 1999
$330,000
Acjm & M Enterprises
Nicholas,ernest & John
Grant Deed
$190,000 · Farmers & Merchants Nat'l Bank
—
—
M & P Re LLC
—
Deed Of Trust
related
$3,150,000 · Nve Bank
—
—
M & P Re LLC
—
Deed Of Trust
related
$300,000 · Theresa Masel
—
—
Acjm & M Enterprises
—
Deed Of Trust
related
$225,000 · State Net Bank
—
—
Acjm Ents
—
Deed Of Trust
related
$400,000 · Melvin & Gail Schindelheim
—
—
Acjm Ents
—
Deed Of Trust
related
$1,000,000 · Interstate Net Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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