Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Highway Development Opportunity Title is generated by Realmo AI

    0 Route 524, Allentown, NJ 08501

    View on Map
    Claim this Listing
    Pending
    $1,500,000

    Land - Upper Freehold Twp., NJ

    Lot size:
    8.84 Acres
    Added:
    Dec 7, 2025
    Days on Market:
    170
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for 0 Route 524

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    8.84 Acres

    Taxes and HOA fees

    Tax Annual Amount
    183

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wayne Litwin

    Listing agent Wayne Litwin

    Listing office BHHS Fox & Roach Watchung Sales Office 659 Mountain Boulevard, NJ

    Listing date Dec 7, 2025

    MLS# 4000769 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8.84 acres of highly visible land at a signalized intersection (Route 539 and Route 524) off Exit 8 on I‑195.
    • Highway Development zone allows for a wide range of uses (retail, food, office, etc.), subject to local approvals.
    • Strategically located near a major Amazon fulfillment center.
    • Easy access for customers, employees, and deliveries.
    • Minutes from the historic town of Allentown.
    • Ideal for investors, developers, and owner‑occupants.

    Overview

    This 8.84-acre property is located at the signalized intersection of Route 539 and Route 524, just off Exit 8 on I-195 in Upper Freehold Township, NJ. The site is located in the Highway Development zone, offering exposure and access for customers, employees, and deliveries. The flexible zoning can accommodate farm or residential use, feed and supply stores, retail and food stores, restaurants, child-care facilities, professional office buildings, and a strip mall or multi-tenant center, subject to local approvals. This location is near a major Amazon fulfillment center and minutes from the historic town of Allentown. The property benefits from traffic, employment base, and regional draw.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Allentown
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.474374
    Latitude
    40.189363

    Nearby Similar for Sale

    • $950,000
      2,948 SF

      Historic Mixed-Use Commercial Building

      Charming 1810 brick building in Allentown's Historic District.
      22 S Main Street, Allentown, NJ 08501
      View Details
    • $1,500,000

      Highway Development Opportunity in Allentown

      8.84 acres of land with highway development potential.
      ROUTE 524, ALLENTOWN, NJ 08501
      View Details
    • $1,500,000

      Highway Development Opportunity in Allentown

      8.84 acres of land for development in Upper Freehold.
      22 Route 524, Allentown, NJ 08501
      View Details
    • $549,000

      Allentown Commercial Lot for Sale

      1.62 acre commercial lot with approved plans in Allentown.
      703 Route 524, Allentown, NJ 08501
      View Details
    • $485,000
      8,000 SF

      Commercial Lot with Approved Plans

      Commercial lot with approved plans for flex space building.
      3 Allyson Way, Allentown, NJ 08501
      View Details
    • $499,000
      2,029 SF

      Allentown Duplex with Water Views

      Income-producing duplex in Allentown with pond views and rental potential.
      43 S MAIN Street, ALLENTOWN, NJ 08501
      View Details
    • $3,300,000

      Commercial Property with Established Tenants

      Income-producing commercial property with existing leases on 8 acres.
      173 Route 526, ALLENTOWN, NJ 08501
      View Details
    • $485,000
      8,000 SF

      Allentown Commercial Land For Sale

      Commercial land with site plan approval for flex space building.
      3 Allyson Way, Allentown, NJ 08501
      View Details
    • $225,000

      Historic Church with Parish Hall

      Established church with parish hall on 1.7 acres.
      926 PROVINCE LINE ROAD, ALLENTOWN, NJ 08501
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.84 acres at signalized intersection, Route 539 and Route 524.
    Where is this commercial land located?
    The property is located at 0 Route 524 Allentown, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: **8.84 acres of highly visible land at a signalized intersection (Route 539 and Route 524) off Exit 8 on I‑195.**; Highway Development zone allows for a wide range of uses (retail, food, office, etc.), subject to local approvals.; Strategically located near a major Amazon fulfillment center.
    (908) 448-4747
    We can help!
    Listing Contact
    Wayne Litwin
    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.
    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

    Thank You for Inquiry
    0 Route 524, Upper Freehold Twp., NJ 08501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!