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Property profile & analytics
OFF-MARKET
Commercial real estate

501 Black Horse Pike Runnemede, NJ 08078-1307

3,398 SF 0.09 ac lot Built 1945
Entity Owned 2-yr Hold Free & Clear
Property ID
US59-1044203
Property summary
AI-generated overview

This exceptional commercial property at 501 N Black Horse Pike in Runnemede, NJ, presents a unique opportunity for business expansion. Situated on a 0.09-acre lot, this newly renovated space boasts an unparalleled location, enjoying high traffic volume due to its proximity to Interstate 295 (a mere 3-minute drive from the junction). The property benefits from exceptional visibility and convenient access, being within walking distance of established businesses such as Wawa, Burger King, and Royal Farms, as well as a large apartment complex, ensuring a steady stream of potential customers. Half of the property is a pre-existing business that has been altered, offering flexibility for a variety of uses. The property's recent renovation ensures a move-in ready condition, eliminating the need for costly upgrades. This prime location, combined with the property's modern amenities and high visibility, makes it an ideal choice for businesses seeking to expand their reach and capitalize on a thriving commercial environment. The property's size, while not specified in square footage, offers ample space for a variety of commercial ventures. Interested parties are encouraged to inquire for further details and scheduling a viewing. The property is available for lease.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Total area 3,398 SF
Lot 0.09 ac (3,999 SF)
APN 30 00041-0000-00005
UPID US59-1044203
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
  • Rose Alterations (Bike/Boat/Book/etc) Store
  • Studio 918 Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mands Realty LLC · 2 yrs held
Mands Realty LLC
since 2023
Last sale
$320,000
2 recorded transactions
2023
$320,000
1994
$122,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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