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    620 White Horse Pike Hammonton, NJ 08037-2007
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    Property profile & analytics

    620 White Horse Pike, Hammonton, NJ 08037-2007

    View on Map
    • Office buildings
    • 6,400 SF
    • 1.82 lot acres
    Off-Market
    Property ID
    US59-1349997
    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.
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 620 White Horse Pike

    Year built
    1990
    Construction
    FRAME
    Lot size
    1.82 lot acres
    Zone code
    R-1
    Property type
    Office buildings
    APN
    13 03801-0000-00076
    APU
    1303801000000076

    Description

    This exceptional Hammonton, NJ office space, located at 620-650 S White Horse Pike, 08037, offers 1,600 square feet of versatile space ideal for a variety of uses. The building, which underwent a complete renovation in 2015, boasts a unique aesthetic enhanced by a custom-designed sign by local artist Ron Cohen. This particular unit, renovated in 2017, is currently available and ready for occupancy. Its prime location provides stunning lake views, attracting clients and enhancing the overall experience. The building enjoys high foot traffic due to a diverse tenant mix including medical professionals, such as Eye Associates and HMGS Dermatology, along with other businesses like D'Amico Travel and Sail Lake Realty. Unit B, specifically situated at 630 S White Horse Pike, is already fitted for medical use, making it a seamless transition for healthcare providers. The space is available for lease beginning January 1, 2022. This property presents a unique opportunity to establish a presence in a vibrant and well-maintained commercial complex in a desirable location. The building's attractive design and convenient location, combined with the high volume of foot traffic, make this an exceptional opportunity for a business seeking a prominent and easily accessible space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,665,000
      6.5%
      $1,540,000
      7%
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,199,000
      Market price range: $932k - $2.72M
      AI Estimate
      $1,036,000
      Market price range: $789k - $2.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammonton
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.7727
    Latitude
    39.63
    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
    $14,296
    $211,400
    $313,600
    $525,000
    -
    $211,400
    $313,600
    $525,000

    Comparable in this City

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      $625,000
      2,028 SF

      257 Messina Ave

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    • Value Estimation by Request
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      840 12th St, Hammonton, NJ 08037-1390
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    • Value Estimation
      $700,000
      2.21 Acres

      41 Rte 73rd Bldg, Unit 1

      OFFICE BUILDING
      41 Rte 73rd Bldg, Hammonton, NJ 08037-9448
      View Details
    • Value Estimation
      $700,000
      3,360 SF

      630 White Horse Pike

      OFFICE BUILDING
      630 White Horse Pike, Hammonton, NJ 08037-2014
      View Details
    • Value Estimation
      $750,000
      2,400 SF

      2 8th St

      OFFICE BUILDING
      2 8th St, Hammonton, NJ 08037-3347
      View Details
    • Value Estimation by Request
      1,264 SF

      167 Beebetown Rd

      OFFICE BUILDING
      167 Beebetown Rd, Hammonton, NJ 08037-9455
      View Details

    Similar Nearby for Sale

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      Hammonton Office Space - Prime Location

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      Renovated Medical Office Space Available

      3,033 sq. ft. renovated office space for medical business.
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      31,448 SF

      Manufacturing, Office, and Warehouse Space

      31,448 SF manufacturing, office, and warehouse on 3.88 acres.
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      2.52 Acres

      Hammonton Office Space for Lease

      Prime Medical Office, Flexible Lease Terms
      373 White Horse Pike, Hammonton, NJ 08037
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    • Contact for pricing
      12,422 SF

      Fully Leased Medical Office Building

      Medical office building for sale, fully leased with anchor tenant.
      392 N White Horse Pike, Hammonton, NJ 08037
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    Similar Nearby for Lease

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      Renovated Building in Hammonton Business District

      Freestanding, renovated building in Hammonton's business district, easily accessible.
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    • $2,300 /Mo

      Versatile Commercial Space in Hammonton

      Office and storage space with excellent visibility and easy access.
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      Downtown Hammonton ADA-Compliant Office Space

      Recently renovated office space in downtown Hammonton, New Jersey.
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      3,000 SF

      Hammonton Office/Medical Building For Lease

      Two-story office/medical building with available suites and ample parking.
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      View Details
    • $23 SF/Yr

      Retail/Office Space in Hammonton

      686 sq ft retail/office space in high-traffic location.
      10 N White Horse Pike, Hammonton, NJ 08037
      View Details
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    Hammonton, NJ 08037-2007
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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.

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