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

    648 White Horse Hammonton, NJ 08037

    • Commercial real estate
    • 0.72 lot acres
    For Sale
    View listing
    $649,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1482281
    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

    • Commercial real estate

    Property Details for 648 White Horse

    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.72 lot acres
    Zone code
    PC3
    Property type
    Commercial real estate
    APN
    36 07606-0000-00010- 01
    APU
    360760600000001001

    Description

    This exceptional 10,800-square-foot flex industrial property in Hammonton, NJ, presents a compelling investment opportunity. Located at 648 White Horse Pike, this single-story, 1950-built building (renovated in 2019) sits on a 0.718-acre lot and boasts a Class B rating. Currently vacant, the property offers 10,800 square feet of net rentable space, including a main floor and basement area ideal for storage, plus an 800-square-foot office. Features include a 20-24' ceiling height, one loading dock, and recent upgrades such as new solar panels (with NJSREC monthly reimbursement), a comprehensive security camera system, and a fire alarm directly connected to the fire department. The property is zoned for commercial use and offers excellent visibility and access within Atlantic County. The asking price is $779,000 ($72.13/sq ft), with a reported NOI of $14,400. Seller financing may be available. This represents a strong value-add opportunity for owner-users or investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammonton
    County
    Camden
    State
    New Jersey
    Longitude
    -74.8257
    Latitude
    39.6732
    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
    $7,346
    $58,300
    $141,200
    $199,500
    -
    $58,300
    $141,200
    $199,500

    Comparable in this City

    • Value Estimation by Request

      73 Ss Ave

      COMMERCIAL (GENERAL)
      73 Ss Ave, Hammonton, NJ 08037
      View Details
    • Value Estimation by Request
      20.07 Acres

      White Horse Park

      COMMERCIAL (GENERAL) • 20.07 Acres
      White Horse Park, Hammonton, NJ 08037
      View Details
    • Value Estimation by Request

      295 Rte 206

      COMMERCIAL (GENERAL)
      295 Rte 206, Hammonton, NJ 08037-8925
      View Details
    • Value Estimation by Request

      4143 White Horse Pike

      COMMERCIAL (GENERAL)
      4143 White Horse Pike, Hammonton, NJ 08037
      View Details
    • Value Estimation by Request

      4025 White Horse Pike

      COMMERCIAL (GENERAL)
      4025 White Horse Pike, Hammonton, NJ 08037
      View Details
    • Value Estimation
      $685,000
      3,500 SF

      45 Rte 206

      COMMERCIAL (GENERAL) • 3,500 SF
      45 Rte 206, Hammonton, NJ 08037-2722
      View Details

    Similar Nearby for Sale

    • $294,900
      2.75 Acres

      Prime Hammonton Commercial Land

      2.75 Acres, Downtown Zoning, $294,900
      255 Washington St, Hammonton, NJ 08037
      View Details
    • $349,900
      2,400 SF

      Hammonton Commercial Property Investment

      High-traffic corner lot, multiple leases.
      800 Bellevue Ave, Hammonton, NJ 08037
      View Details
    • $449,900
      1,856 SF

      Hammonton Commercial Development Opportunity

      Prime Corner Lot, High Growth Area
      901 12Th St, Hammonton, NJ 08037
      View Details
    • $350,000
      1,776 SF

      Hammonton Commercial Property Investment

      Two buildings, 2.18 acres, Route 73 frontage
      142 Route 73, Hammonton, NJ 08037
      View Details
    • $324,900
      1,600 SF

      Hammonton Mixed-Use Investment

      Prime location, development potential.
      201 11Th St, Hammonton, NJ 08037
      View Details
    • $249,900
      8.42 Acres

      Hammonton Industrial Park Land

      8.42 acres of land in Hammonton's Industrial Park.
      1021 Reading Ave, Hammonton, NJ 08037
      View Details

    Similar Nearby for Lease

    • $889,000
      3,000 SF

      Hammonton Office/Medical Building For Lease

      Two-story office/medical building with available suites and ample parking.
      820 S White Horse Pike, Hammonton, NJ 08037
      View Details
    • Contact for pricing
      4,100 SF

      Retail Space in Mixed-Use Development

      4,100 SF endcap space in Hammonton, NJ for lease.
      137 N White Horse Pike, Hammonton, NJ 08037
      View Details
    • $23 SF/Yr

      Retail/Office Space in Hammonton

      686 sq ft retail or office space in high-traffic location.
      10 N White Horse Pike, Hammonton, NJ 08037
      View Details
    • $22 SF/Yr
      3,729 SF

      Village Shoppes Retail Spaces Available

      High-traffic retail, discounted rent, new renovations.
      10 White Horse Pike, Hammonton, NJ 08037
      View Details
    • $18 SF/Yr
      1,000 SF

      Renovated Building in Hammonton Business District

      Freestanding, renovated building in Hammonton's business district, easily accessible.
      11 S 3Rd St, Hammonton, NJ 08037
      View Details
    • $2,500 /Mo
      13,504 SF

      Retail Space Near Landmarks

      Commercial building with amenities in high-traffic area near landmarks.
      100 S White Horse Pike, Hammonton, NJ 08037
      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.
    648 White Horse
    Hammonton, NJ 08037
    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.