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

    624 Main St, Unit 26 Riverton, NJ 08077-1420

    • Residential income homes
    • 2,870 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Jan 13, 2020
    $215,000
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0922840
    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

    • Residential income homes

    Property Details for 624 Main St

    Year built
    1895
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    2,870 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    31 01102-0000-00011
    APU
    3101102000000011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $363,000
      Market price range: $257k - $476k
      AI Estimate
      $354,000
      Market price range: $240k - $448k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $375,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverton
    County
    Burlington
    State
    New Jersey
    Longitude
    -75.0099
    Latitude
    40.0086
    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
    $10,147
    $99,000
    $179,300
    $278,300
    -
    $99,000
    $179,300
    $278,300

    Comparable in this City

    • Value Estimation
      $450,000
      3,960 SF

      422 Lippincott Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,960 SF
      422 Lippincott Ave, Riverton, NJ 08077-1343
      View Details
    • Value Estimation
      $375,000
      4,580 SF

      424 Lippincott Ave, Unit 26

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,580 SF
      424 Lippincott Ave, Riverton, NJ 08077-1309
      View Details
    • Value Estimation
      $385,000
      3,897 SF

      218 Fulton St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,897 SF
      218 Fulton St, Riverton, NJ 08077-1147
      View Details
    • Value Estimation
      $320,000
      0.33 Acres

      204 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.33 Acres
      204 Main St, Riverton, NJ 08077-1298
      View Details
    • Value Estimation
      $775,000
      0.31 Acres

      300 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.31 Acres
      300 Main St, Riverton, NJ 08077-1299
      View Details
    • Value Estimation
      $395,000
      1.07 Acres

      11 Bank Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1.07 Acres
      11 Bank Ave, Riverton, NJ 08077-1157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,510 SF

      Riverton Medical Office Space For Sale

      Prime Medical Office, 3510 SF, Vacant
      712 Broad St, Riverton, NJ 08077
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      8,872 SF

      SweetWater Bar & Grill: Restaurant Sale

      Prime Restaurant w/ Liquor License, High Traffic
      10 Us-130, Cinnaminson, NJ 08077
      View Details
    • $700,000

      Cinnaminson Bar & Restaurant Sale

      Liquor License Included, Priced to Sell
      6 Us-130, Cinnaminson, NJ 08077
      View Details
    • Contact for pricing

      Land Near Retail and Highways

      Commercial land suitable for storage, parking, or warehouse development.
      1800 Union Landing Rd, Cinnaminson, NJ 08077
      View Details
    • Contact for pricing

      Shovel Ready Industrial Land

      Highly accessible industrial land, ready for immediate development.
      2203 Wallace Blvd, Cinnaminson, NJ 08077
      View Details
    • Contact for pricing
      8,872 SF

      Retail Building with Full Basement

      Retail building with basement, loading dock, and outdoor patio.
      10 Route 130 N, Cinnaminson, NJ 08077
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,034 SF

      Industrial Warehouse for Lease

      Burlington County, NJ: 5,006+ SF Available
      875 Industrial Hwy, Cinnaminson, NJ 08077
      View Details
    • $19 SF/Yr
      2,500 SF

      Colonial Square Retail Space

      Cinnaminson, NJ Shopping Center Space Available
      2103 Branch Pike, Cinnaminson, NJ 08077
      View Details
    • Contact for pricing
      10,628 SF

      Cinnaminson Warehouse with Turnkey Office

      Warehouse with 13'6" overhead doors, turnkey office, and paved parking.
      1903 Taylors Ln, Cinnaminson, NJ 08077
      View Details
    • Contact for pricing
      21,496 SF

      Industrial Building on River Road

      Multi-tenanted industrial building for rent near Route 130.
      2601-2603 River Rd, Cinnaminson, NJ 08077
      View Details
    • Contact for pricing
      14,376 SF

      Industrial/Flex Facility with Outdoor Storage

      14,000 SF industrial/flex facility with fenced outdoor storage area.
      1401 Industrial Hwy, Riverton, NJ 08077
      View Details
    • $18 SF/Yr
      1,940 SF

      Medical Office Space Available

      Medical suite available in Cinnaminson Medical and Surgical Center.
      1701 Wynwood Dr, Cinnaminson, NJ 08077
      View Details
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    624 Main St, Unit 26
    Riverton, NJ 08077-1420
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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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