413 N BLACK HORSE PIKE
About This Property
- **Zoning:** Flexible, permitting a variety of uses
- **Location:** 180 feet of highway frontage along State Highway 168 (Black Horse Pike) and Fifth Avenue
- **Accessibility:** Close to All major highways and bridges
- **Facilities:** Existing 5,000 square foot solid building with multiple entrances (former city hall and police station)
- **Parking:** Ample paved parking available and room for expansion on surplus land
- **Seller Financing:** Considered
- **Proposals:** Welcoming all reasonable proposals
Listed By
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 21, 2025 | Listed by Rohrer Real Estate | $695,000 | |
Listed by Rohrer Real Estate | |||
May 6, 2022 | Sold | ||
Sold |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/10/2022
| |
Loft
|
-
|
-
|
$399,900
Loft
-
|
$415,000
+3.78%
05/06/2022
|
-
|
Dennis Venella
RE/MAX Preferred - Cherry Hill
|
06/05/2019
| |
Studio
|
-
|
-
|
$389,900
Studio
-
|
-
-
|
-
|
-
|
Building Info
- 2 Units for Sale
