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    Property profile & analytics

    413 Black Horse Pike Runnemede, NJ 08078

    • Mixed-use properties
    • 5,000 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1892824
    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

    • Environmental Testing Consultants / Environmental Engineer

    Property Details for 413 Black Horse Pike

    Year built
    1950
    Lot size
    0.73 lot acres
    Property size
    5,000 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 5,000 square foot mixed-use property presents a compelling redevelopment opportunity in Runnemede, NJ. Boasting 0.73 acres of land, including ample paved parking, this strategically located building offers significant potential for a variety of uses. The property enjoys 180 feet of highway frontage along State Highway 168 (Black Horse Pike) and Fifth Avenue, ensuring high visibility and accessibility. Its expansive size and multiple entrances allow for flexibility in design and functionality. The existing building is expandable, providing further opportunities for growth and customization. The property's zoning permits a wide range of eligible uses, making it an attractive investment for entrepreneurs and developers alike. Its proximity to major highways and bridges ensures convenient access for customers and employees. Seller financing is considered, and all reasonable proposals are welcomed. This is a rare chance to acquire a high-traffic, well-located commercial property with substantial upside potential in a thriving area. The surplus land provides additional flexibility for expansion or future development. Don't miss this chance to capitalize on this prime redevelopment opportunity.

    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
    Runnemede
    County
    Camden
    State
    New Jersey
    Longitude
    -75.07451
    Latitude
    39.85284

    Comparable in this City

    • $289,000
      2,500 SF

      Runnemede Mixed-Use Commercial Space

      Downtown Runnemede: 2,500 SF, Low Taxes
      102 Clements Bridge Rd, Runnemede, NJ 08078
      View Details
    • $349,000
      2,490 SF

      Runnemede Office Building For Sale

      2,490 SF office building with long-term tenants in Runnemede.
      117 N Black Horse Pike, Runnemede, NJ 08078
      View Details
    • $325,000
      1,512 SF

      Runnemede Medical Office For Sale

      Commercial property with on-site parking in a busy area.
      515 N Black Horse Pike, Runnemede, NJ 08078
      View Details

    Similar Nearby for Sale

    • $289,000
      2,500 SF

      Runnemede Mixed-Use Commercial Space

      Downtown Runnemede: 2,500 SF, Low Taxes
      102 Clements Bridge Rd, Runnemede, NJ 08078
      View Details
    • $349,000
      2,490 SF

      Runnemede Office Building For Sale

      2,490 SF office building with long-term tenants in Runnemede.
      117 N Black Horse Pike, Runnemede, NJ 08078
      View Details
    • $325,000
      1,512 SF

      Runnemede Medical Office For Sale

      Commercial property with on-site parking in a busy area.
      515 N Black Horse Pike, Runnemede, NJ 08078
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      14,810 SF

      Retail Space in M and M Plaza

      Retail space for lease in Runnemede, New Jersey.
      123 B, Runnemede, NJ 08078
      View Details
    • $18 SF/Yr
      1,000 SF

      Runnemede Retail Space Available

      Retail space available for lease in Runnemede, New Jersey.
      Runnemede, NJ 08078
      View Details
    • $10 SF/Yr
      2,800 SF

      Retail Center on Clements Bridge

      Well-maintained retail center with long-term tenants and ample parking.
      835 E Clements Bridge Rd, Runnemede, NJ 08078
      View Details
    • Contact for pricing
      36,800 SF

      Runnemede Corporate Center Industrial Space

      Light industrial park with easy highway access and abundant parking.
      175 E 9Th Ave, Runnemede, NJ 08078
      View Details
    • $2,250 /Mo
      17,087 SF

      Office/Warehouse Space on Black Horse

      Up to 4,150 SF office/warehouse space available for lease.
      1025 N Black Horse Pike, Runnemede, NJ 08078
      View Details
    • Contact for pricing
      18,626 SF

      Runnemede Industrial Flex Space

      Large flex space, ideal for multiple tenants.
      170 9Th Ave, Runnemede, NJ 08078
      View Details
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    Runnemede, NJ 08078
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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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