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

    530 Crown Point Rd, Unit 2 Thorofare, NJ 08086

    • Commercial real estate
    • 11,470 SF
    • 1.77 lot acres
    For Sale
    View listing
    $149,900
    Last Sale
    Feb 10, 2022
    $1,900,000
    Value Estimations
    Cap Rate Potential
    6%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-3043911
    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

    • Ocean Spirit Aquatics / (Bike/Boat/Book/etc) Store
    • In A Pickle / Restaurant
    • W & J Carpets / Carpet Cleaning Service
    • D Braden Sherly & Associates / Dental Office
    • Plush Palace Event Space / Hotel & Motel / Resort

    Property Details for 530 Crown Point Rd

    Year built
    1950
    Construction
    BRICK
    Lot size
    1.77 lot acres
    Property size
    11,470 SF
    Property type
    Commercial real estate
    APN
    20 00276-0000-00001
    APU
    2000276000000001

    Description

    This exceptional retail property, located at 530 Crown Point Road in West Deptford, New Jersey, offers a fantastic opportunity for businesses seeking flexible space in a high-traffic area. The building encompasses a total of 1,950 square feet, currently entirely vacant and available for lease. The property is zoned C-1, allowing for a variety of retail uses. The space is divisible, with a minimum leasable area of 850 square feet and a maximum contiguous space of 1,100 square feet. The building features two suites, providing options for single or multiple tenants. Ample parking is available with approximately 70 surface spaces, ensuring convenient access for customers and employees. The property's address is 530 Crown Point Road, West Deptford, NJ 08086, situated in Gloucester County. This location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking strong foot traffic and convenient customer access. The entire 1,950 square feet is currently available for lease, presenting a unique opportunity to establish a presence in this thriving community. Interested parties should inquire about lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,125,000
      ML approach
      $2,040,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,110,000
      6.5%
      $1,950,000
      7%
      $1,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,744,000
      Market price range: $749k - $2.03M
      AI Estimate
      $1,974,000
      Market price range: $595k - $1.97M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,260,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,660,000
      Change: +32% Conversion: Moderate
      OFFICE BUILDING
      $1,495,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Deptford
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.1818
    Latitude
    39.8478
    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
    $55,390
    $552,800
    $1,209,400
    $1,762,200
    -
    $552,800
    $1,209,400
    $1,762,200

    Comparable in this City

    • Value Estimation by Request
      1.37 Acres

      54 Grv St

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      54 Grv St, West Deptford, NJ 08086-2114
      View Details
    • Value Estimation by Request
      0.80 Acres

      105 Jessup Rd

      COMMERCIAL (GENERAL) • 0.80 Acres
      105 Jessup Rd, West Deptford, NJ 08086-2182
      View Details
    • Value Estimation
      $525,000
      28.70 Acres

      950 Jessup Rd

      COMMERCIAL (GENERAL) • 28.70 Acres
      950 Jessup Rd, West Deptford, NJ 08086-2319
      View Details
    • Value Estimation by Request

      Crown Pt Rd

      COMMERCIAL (GENERAL)
      Crown Pt Rd, Thorofare, NJ 08086
      View Details
    • Value Estimation by Request
      2,240 SF

      669 Grv Rd

      COMMERCIAL (GENERAL) • 2,240 SF
      669 Grv Rd, West Deptford, NJ 08086-2219
      View Details
    • Value Estimation by Request
      1,564 SF

      9 Leonard Ln

      COMMERCIAL (GENERAL) • 1,564 SF
      9 Leonard Ln, West Deptford, NJ 08086-2151
      View Details

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    Similar Nearby for Lease

    • $12 SF/Yr
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      West Deptford Retail Space Available

      Prime Retail, Multiple Suites, Ample Parking
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      View Details
    • $12 SF/Yr
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      View Details
    • Contact for pricing
      127,822 SF

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      7,000 SF

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      7,000 SF industrial building with a fully paved yard.
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      7,000 SF

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      57,430 SF

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    530 Crown Point Rd, Unit 2
    Thorofare, NJ 08086
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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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