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Property profile & analytics
FOR SALE
Commercial real estate
513 N Black Horse Pike Runnemede, NJ 08078
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2038861
For Sale
1 / 43
$200,000
513 N Black Horse Pike, Runnemede, NJ 08078
View Listing →
Property summary
AI-generated overview
This exceptional 1,296 square foot executive office suite is ideally situated at 513 N Black Horse Pike in Runnemede, New Jersey, 08078. The property offers two private suites, perfect for a variety of business needs. Located on the first floor for convenient access, the space includes a shared kitchenette and conference room, enhancing collaboration and efficiency. Ample parking is available, with a dedicated lot in the rear of the building and permitted street parking. The building enjoys a high-traffic location on the Black Horse Pike, providing excellent visibility and accessibility. Its proximity to numerous restaurants and retail establishments offers employees a wide range of convenient amenities. Furthermore, the property benefits from easy access to major roadways, including the New Jersey Turnpike, I-295, and Route 42, as well as being just minutes from the Walt Whitman Bridge, ensuring seamless commutes for employees and clients. The asking price for this turnkey office space is $375,000. This presents a compelling opportunity to acquire a well-located and functional office space in a thriving area.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Total area
1,296 SF
Lot
0.09 ac (3,798 SF)
APN
30 00041-0000-00002
UPID
US59-2038861
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
-
Mr. Appliance of Runnemede & Southeast Philadelphia Home Appliance Store
-
Winfield Family Practice Medical Clinic
-
Garden State Properties Group - Runnemede Real Estate Agency
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Winfield Barbara A DO Pediatrician Physician
-
Real Estate Investing | Real Estate, Investing Real Estate Agency
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
Merryfield Investment LLC · 5 yrs held
Merryfield Investment LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Runnemede submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Runnemede submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,906
Tax year 2022
Assessed value
$68,700
Assessed 2023
Previous assessed
$68,700
+0.0% YoY
Effective rate
4.23%
On assessed value
Assessed land
$28,700
Assessed improvement
$40,000
Land market value
$28,700
Improvement market value
$40,000
Total market value
$68,700
Applied tax rate
30.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1958
Heating
NONE
Stories
2
Units
1
Total area
1,296 SF
Lot
0.09 ac (3,798 SF)
APN
30 00041-0000-00002
UPID
US59-2038861
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
2
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Merryfield Investment LLC
Entity
Mailing address
513 N BLACK HORSE PIKE, RUNNEMEDE, NJ 08078-1320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2025
—
Merryfield Investments LLC
—
Deed
related
$127,000 · Franklin Bank
Mar 31, 2021
—
Merryfield Investment LLC
Lewis J Merryfield
Deed
$142,500 · 1st Colonial Community Bank
Aug 6, 2013
$50,000
Lewis J Merryfield
Winfield,daniel & Marianne
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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