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

    650 White Horse Pike Hammonton, NJ 08037

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0996349
    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 650 White Horse Pike

    Property type
    Commercial real estate

    Description

    This exceptional 1,600 square foot office space is available for lease at 650 S White Horse Pike, Unit C, in the desirable Sail Lake complex in Hammonton, New Jersey (zip code 08037). The property, part of a beautifully renovated complex (2015), boasts stunning lake views and a unique aesthetic thanks to the custom signage designed by local artist Ron Cohen. This traditional office space features a reception area, five private offices, and two bathrooms, providing ample space for a variety of business needs. The unit is situated within a vibrant commercial complex with high foot traffic, thanks to a diverse range of established tenants including Eye Associates, Laboratory Outreach Solutions, HMGS Dermatology, Scott Wilson Hearing Aids, Sail Lake Realty, and D'Amico Travel. The space benefits from the high visibility and accessibility of its location on South White Horse Pike. New flooring will be installed upon the previous tenant's departure. This is a fantastic opportunity to establish a presence in a thriving Hammonton business community with a unique and attractive office space. The property is easily accessible and offers a professional environment with excellent visibility.

    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
    Atlantic
    State
    New Jersey
    Longitude
    -74.7731599
    Latitude
    39.6292808

    Comparable in this City

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    • New
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      Retail/Office Space in Hammonton

      686 sq ft retail or office space in high-traffic location.
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    • $3,500 /Mo

      Renovated Office Space in Hammonton

      3,033 sq ft office space for rent in Hammonton.
      373 S White Horse Pike, Hammonton, NJ 08037
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      7,000 SF

      Prime Hammonton Medical Office Space

      7,000 SF Medical Office Building, Two Suites Available
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    • New
      $23 SF/Yr

      Retail/Office Space in Hammonton

      Premier retail/office space available in a high-exposure, up-and-coming market.
      10 N White Horse Pike, Hammonton, NJ 08037
      View Details
    • $23 SF/Yr

      Prime Retail/Office Space Available

      Retail/office space in Hammonton's premier location, next to Super Wawa.
      10 N White Horse Pike, Hammonton, NJ 08037
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    Similar Nearby for Sale

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      Renovated Office Building in Hammonton

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      Renovated Office Building in Hammonton

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      Hammonton Office Space - Prime Location

      Versatile 2877 sq ft office, ideal for various uses.
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    • $459,900
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      Renovated Office Building in Hammonton

      Renovated office building with rental income potential in developing area.
      300 Railroad Ave, Hammonton, NJ 08037
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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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    • $1,650,000
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      Hammonton Manufacturing, Office, Warehouse Space

      31,448 SF manufacturing, office, and warehouse on 3.88 acres.
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    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
    • New
      $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
    • $3,500 /Mo

      Renovated Office Space in Hammonton

      3,033 sq ft office space for rent in Hammonton.
      373 S White Horse Pike, Hammonton, NJ 08037
      View Details
    • Contact for pricing
      7,000 SF

      Prime Hammonton Medical Office Space

      7,000 SF Medical Office Building, Two Suites Available
      214 Fairview Ave, Hammonton, NJ 08037
      View Details
    • New
      $23 SF/Yr

      Retail/Office Space in Hammonton

      Premier retail/office space available in a high-exposure, up-and-coming market.
      10 N White Horse Pike, Hammonton, NJ 08037
      View Details
    • $23 SF/Yr

      Prime Retail/Office Space Available

      Retail/office space in Hammonton's premier location, next to Super Wawa.
      10 N White Horse Pike, Hammonton, NJ 08037
      View Details
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    650 White Horse Pike
    Hammonton, NJ 08037
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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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