Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6090 Black Horse Pike Mays Landing, NJ 08330-2363

    • Motels
    • 2,016 SF
    • 4.41 lot acres
    OFF-MARKET
    Last Sale
    Apr 19, 2024
    $1,389,000
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0061350
    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 6090 Black Horse Pike

    Year built
    1944
    Construction
    BRICK
    Lot size
    4.41 lot acres
    Property size
    2,016 SF
    Zone code
    HC
    Property type
    Motels
    APN
    12 00588-0000-00025
    APU
    1200588000000025

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,135,000
      ML approach
      $1,070,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mays Landing
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.7205
    Latitude
    39.4801
    CBSA code
    12100
    CBSA name
    ATLANTIC CITY, NJ 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
    $9,646
    $74,200
    $224,800
    $299,000
    -
    $74,200
    $224,800
    $299,000

    Comparable in this City

    • Value Estimation by Request
      936 SF

      6572 Harding Hwy

      MOTEL • 936 SF
      6572 Harding Hwy, Mays Landing, NJ 08330-1018
      View Details
    • Value Estimation by Request
      21.71 Acres

      Black Horse Pike

      Land • 21.71 Acres
      0 Black Horse Pike, Hamilton, NJ 08330
      View Details
    • Value Estimation by Request
      90,000 SF

      4119 Black Horse Pike

      Self storage facilities • 90,000 SF
      4119 Black Horse Pike, Hamilton, NJ 08330
      View Details
    • Value Estimation by Request
      117,145 SF

      190 Hamilton Cmns Dr

      Neighborhood centers • 117,145 SF
      190 Hamilton Cmns Dr, Hamilton Township, NJ 08330
      View Details
    • Value Estimation by Request
      5.95 Acres

      4454 Black Horse Pike

      COMMERCIAL (GENERAL) • 5.95 Acres
      4454 Black Horse Pike, Mays Landing, NJ 08330-3120
      View Details
    • Value Estimation by Request
      13.50 Acres

      4900 Black Horse Pike

      APARTMENT HOUSE (UNDER 5 UNITS) • 13.50 Acres
      4900 Black Horse Pike, Mays Landing, NJ 08330
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      107,183 SF

      Hamilton Power Center: NNN Lease

      107,183 SF Shopping Center, NJ
      4403 Black Horse Pike, Hamilton, NJ 08330
      View Details
    • $474,900
      4.37 Acres

      Spacious Rancher with Income Potential

      4.37-acre rancher with in-law suite and equestrian features.
      1853 Mccall Ave, Mays Landing, NJ 08330
      View Details
    • $125,000
      1.89 Acres

      Buildable Lot in Mays Landing

      Pinelands approved lot with utilities in Hamilton Twp.
      6422 Strand Ave Ave, Mays Landing, NJ 08330
      View Details
    • $50,000
      13.59 Acres

      Mays Landing Wooded Hunting Lot

      13.59-acre wooded lot, ideal for hunting and recreation.
      1 Belmont Ave, Mays Landing, NJ 08330
      View Details
    • $40,000
      11.08 Acres

      Mays Landing Wooded Recreational Land

      11-acre wooded lot perfect for recreation in a desired location.
      1 11Th Ave, Mays Landing, NJ 08330
      View Details
    • $1,500,000
      3,920 SF

      Mays Landing Shopping Center

      Income-producing shopping center with lucrative business for sale.
      Harding Hwy, Mays Landing, NJ 08330
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Mays Landing Office Space Available

      Second floor office space with elevator and ample parking.
      800 Rt, Mays Landing, NJ 08330
      View Details
    • Contact for pricing
      117,145 SF

      Hamilton Commons Retail Space

      Prime Atlantic County Retail Center - 11 Spaces Available
      190 Hamilton Cmns Dr, Hamilton Township, NJ 08330
      View Details
    • $13 SF/Yr
      30,000 SF

      Mays Landing Flex Space Available

      Modern Flex Building, 6,000 SF Available
      5270 Oakwood Blvd, Hamilton, NJ 08330
      View Details
    • Contact for pricing
      19,200 SF

      Hamilton Executive Office Space

      19,200 SF Office, Available Now
      4476 Black Horse Pike, Hamilton, NJ 08330
      View Details
    • $1,995 /Mo
      28,314 SF

      Mays Landing Commercial Space Available

      Commercial spaces for light-industrial, offices, or storage in Mays Landing.
      120 Marlin Ln, Mays Landing, NJ 08330
      View Details
    • New
      $1,600 /Mo

      Renovated Unit on Mill Street

      Renovated commercial unit suitable for retail or office use.
      30 Ml St St, Mays Landing, NJ 08330
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6090 Black Horse Pike
    Mays Landing, NJ 08330-2363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.