Entity Owned Property summary
AI-generated overview
This exceptional industrial warehouse opportunity is located at 423 Commerce Lane in Berlin Township, New Jersey, 08091. The property, part of the Commerce Lane Business Park, offers a total of 73,410 square feet across multiple buildings, with 14,700 square feet currently available for lease. This specific building boasts seven convenient drive-in doors, significantly enhancing loading and unloading efficiency. The warehouse features a generous 15-foot ceiling height, providing ample vertical space for storage and operations. Power is supplied by a reliable 3-phase system, catering to the needs of various industrial businesses. The flexible C-2 Commercial Zoning allows for a wide range of potential uses, maximizing the property's versatility. Strategically situated off New Jersey Highway Route 73, via Commerce Lane, this location offers unparalleled access to major transportation arteries. It's just minutes away from the NJ Turnpike, I-295, Route 30, Route 38, and Route 70, providing seamless connectivity to Philadelphia and beyond. The available space ranges from 2,100 to 14,700 square feet, making it suitable for businesses of varying sizes. This prime location and versatile space present a compelling opportunity for businesses seeking efficient and well-connected warehouse facilities in a thriving New Jersey market.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Total area
14,700 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C2
APN
06 01201-0000-00006
UPID
US59-1787616
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Engineering Consultant
-
Marketing & Advertising Advertising Agency
-
Furniture & Home Goods Home Decor Store
-
Furniture & Home Goods Home Decor Store
-
Furniture & Home Goods Home Decor Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.20M
Owner & transaction history
since 2020
Last sale
$993,216
2 recorded transactions
Zoning & alternative use
C2 · West Berlin, NJ
Top alternative use upside
Commercial (general)
$1.5M
+14.8%
Office building
$1.4M
+7.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.20M
Value range
$1.08M – $1.31M
±10% around blend
Estimated value / SF
$81 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
50
$1.08M
blend $1.20M
$1.31M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,700 SF
Lot area
1.01 ac
Year built
1986
APN
06 01201-0000-00006
Zoning
C2
Assessed value
$790,800
Annual tax
$30,470
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.34M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.7 mi away · 10,627 SF
16.1 mi away · 15,000 SF
17.1 mi away · 12,801 SF
19.7 mi away · 12,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 24 sales
$88
-7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $81/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+15%
vs current-use indication
Office Building
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$993k
Move the market yield to see immediate price impact.
Value / SF
$68
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$63k
$1.25M
$894k
$695k
$70k
$1.39M
$993k
$773k
$76k
$1.53M
$1.09M
$850k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.19M
8.8 mi · Jan 2026 · $72/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$30,470
Tax year 2022
Assessed value
$790,800
Assessed 2023
Previous assessed
$790,800
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$126,300
Assessed improvement
$664,500
Land market value
$126,300
Improvement market value
$664,500
Total market value
$790,800
Applied tax rate
6.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Heating
NONE
Total area
14,700 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C2
APN
06 01201-0000-00006
UPID
US59-1787616
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
C2 · West Berlin, NJZoning C2 · permitted uses
C2 · West Berlin, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C2
Jurisdiction
West Berlin, NJ
Recorded code
C2
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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