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Property profile & analytics
OFF-MARKET
Estimated value
$38,835,000
Commercial real estate
700 Haddonfield Berlin Rd Voorhees, NJ 08043-4305
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-2246421
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Total area
232,026 SF
Lot
24.41 ac (1,063,256 SF)
Zoning code
B
APN
34 00160-0000-00001
UPID
US59-2246421
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.35M
Comparable Approach
Comparable
$34.56M
Blend (final)
Blend
$38.84M
Owner & transaction history
Voorhees Mzl LLC · 1 yrs held
Voorhees Mzl LLC
since 2025
Last sale
$41.7M
5 recorded transactions
Zoning & alternative use
B · Voorhees, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$39.1M
+20.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Voorhees submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Voorhees submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$38,855,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$40,460,000
6.5%
$37,345,000
7%
$34,680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$32,380,000
Current use
APARTMENT HOUSE (5+ UNITS)
$39,060,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$38.84M
Range $34.95M – $42.72M · ±10% · vs last sale $41.70M (Feb 11 2025)
Last sale anchor
$41.70M
Feb 11 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$167 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,035,754
Tax year 2022
Assessed value
$26,843,800
Assessed 2023
Previous assessed
$26,843,800
+0.0% YoY
Effective rate
3.86%
On assessed value
Assessed land
$5,081,800
Assessed improvement
$21,762,000
Land market value
$5,081,800
Improvement market value
$21,762,000
Total market value
$26,843,800
Applied tax rate
34.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1976
Heating
NONE
Total area
232,026 SF
Lot
24.41 ac (1,063,256 SF)
Zoning code
B
APN
34 00160-0000-00001
UPID
US59-2246421
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
B · Voorhees, NJ
Zoning B · permitted uses
B · Voorhees, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Voorhees. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$32.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
24.41 ac
Current owner
From public records · entity-resolved
Voorhees Mzl LLC
Entity
Mailing address
151 BODMAN PL #207, RED BANK, NJ 07701-1070
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2025
$41,700,000
Voorhees Mzl LLC
Eagle Plaza Tic 1 LLC
Deed
$27,105,000 · Bankunited NA
Jun 10, 2022
$29,000,000
Eagle Plaza LLC
Hcp III Eagle LLC
Deed
$21,140,000 · A10 Capital LLC
Nov 22, 2019
—
Hcp III Eagle LLC
—
Deed
related
$20,530,000 · Wells Fargo Bk
Oct 31, 2016
$34,200,000
Ddcp III Eagle LLC
Eagle Plaza Associates LLC
Deed
—
—
—
Hcp III Eagle LLC
—
Loan Modification
related
$20,530,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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