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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    488 Rte 38th E Maple Shade, NJ 08052-2036

    • Motels
    • 5,637 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    7.3%
    Motels
    Location Intelligence
    Property ID
    US59-1258659
    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

    • Motels

    Property Details for 488 Rte 38th E

    Year built
    1962
    Lot size
    1.80 lot acres
    Property size
    5,637 SF
    Property type
    Motels
    APN
    19 00173- 01-00002- 01
    APU
    1900173010000201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $440,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $695,000
      COMMERCIAL (GENERAL)
      $635,000
      RESTAURANT
      $625,000
      WAREHOUSE, STORAGE
      $375,000
      RETAIL STORES
      $350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Shade
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.9915
    Latitude
    39.9413
    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
    $23,951
    $500,000
    $160,000
    $660,000
    -
    $500,000
    $160,000
    $660,000

    Comparable in this City

    • Value Estimation
      $385,000
      1.72 Acres

      2836 Rte 73rd N

      MOTEL • 1.72 Acres
      2836 Rte 73rd N, Maple Shade, NJ 08052-1616
      View Details
    • Value Estimation
      $540,000
      16,560 SF

      2798 Rte 73rd N

      MOTEL • 16,560 SF
      2798 Rte 73rd N, Maple Shade, NJ 08052-1615
      View Details
    • Value Estimation
      $405,000
      5.40 Acres

      3090 Rte 73rd N

      COMMERCIAL (GENERAL) • 5.40 Acres
      3090 Rte 73rd N, Maple Shade, NJ 08052-1179
      View Details
    • Value Estimation by Request

      23 Willow Rd

      COMMERCIAL (GENERAL)
      23 Willow Rd, Maple Shade, NJ 08052-1611
      View Details
    • Value Estimation by Request
      0.41 Acres

      2937 Nj-73

      Land • 0.41 Acres
      2937 Nj-73, Maple Shade, NJ 08052
      View Details
    • Value Estimation by Request

      5th Ave

      COMMERCIAL (GENERAL)
      5th Ave, Maple Shade, NJ 08052
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Former medical building located on busy Route 38.
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      Maple Shade Commercial Building For Sale

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    • New
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      Land on Route 73, Maple Shade

      Prime land with development potential in Maple Shade, New Jersey.
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    • Contact for pricing
      43,560 SF

      Vinton Colab: Shared Office Suites

      Modern coworking space, downtown Vinton. All utilities included.
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    • $6,950,000
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      NJ Mixed-Use Investment Opportunity

      Maple Shade retail & office complex, strong NOI.
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    Similar Nearby for Lease

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      3,475 SF

      Maple Shade Retail Space For Lease

      Prime Retail Location, 3,475 SF Available
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      View Details
    • $4,350 /Mo

      Prime Retail Space in Maple Shade

      Versatile retail space in central Maple Shade with ample parking.
      2 3Rd St, Maple Shade, NJ 08052
      View Details
    • $21 SF/Yr
      23,000 SF

      Tall Oaks One: Premier Office Space

      Burlington County NJ Office Suites Available
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      View Details
    • Contact for pricing
      34,017 SF

      Maple Shade Warehouse Space Available

      7,400 SF warehouse with office space for lease.
      65 Old Kings Hwy, Maple Shade, NJ 08052
      View Details
    • Contact for pricing
      2 SF

      Prime 1.76-Acre Commercial Pad Site

      Route 38 & Lenola Road Development Opportunity
      600 Lenola Rd, Maple Shade, NJ 08052
      View Details
    • Contact for pricing
      3,340 SF

      Maple Shade Warehouse - 3340 SF

      Prime industrial space, excellent condition, great location.
      17 Willow Rd, Maple Shade Township, NJ 08052
      View Details
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    488 Rte 38th E
    Maple Shade, NJ 08052-2036
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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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