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Property profile & analytics
OFF-MARKET Estimated value $1,030,000
Industrial properties

423 Commerce Ln West Berlin, NJ 08091-9277

14,700 SF 1.01 ac lot Built 1986
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-1787616
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.11M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.03M
Owner & transaction history
Commerce Partners LP · 6 yrs held
Commerce Partners LP
since 2020
Last sale
$993,216
2 recorded transactions
2020
$993,216
2007
Price N/A
Zoning & alternative use
C2 · West Berlin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.5M +14.8%
Office building $1.4M +7.1%
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