Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 E Sail Drive Little Egg Harbor, NJ 08087

    View on Map
    For Sale
    $304,900

    LAND - Little Egg Harbor, NJ

    Property size:
    810 SF
    Lot size:
    0.11 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    89
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 109 E Sail Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    17-00323-0000-00018
    Size
    810 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    5046

    Utilities

    Water front features
    Lagoon
    Water front
    1

    We can help!

    Listing Contact
    Toni A Gleason

    Listing agent Toni A Gleason License #0234656

    Listing office Weichert Realtors-Forked River 1020 Lacey Road, Point Pleasant Beach, NJ

    Listing date Jan 2, 2026

    MLS# 22600103

    Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land in Mystic Island

    This waterfront land in Mystic Island offers investment potential with its lagoon location. The cleared lot features 50' of waterfrontage, a new vinyl bulkhead, and is ready for development. Township variance is in place. The property provides water views and navigable water access, making it suitable for fishing and boating. Located in a tranquil community, this property combines nature with nearby amenities. The lot size is 0.11 acres, equivalent to 810 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Egg Harbor
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.367607
    Latitude
    39.564092

    Nearby Similar for Sale

    • $400,000
      2,260 SF

      Turnkey Restaurant Opportunity

      Fully outfitted commercial kitchen and dining area for sale.
      936 Radio Road unit: 108 & 109, Little Egg Harbor, NJ 08087
      View Details
    • $399,900

      Vacant Land on Mathistown Road

      Three contiguous lots totaling 3.043 acres in Little Egg Harbor.
      307 Mathistown Road, Little Egg Harbor, NJ 08087
      View Details
    • $1,200,000
      3,745 SF

      Commercial Land in Little Egg

      Large commercial/mix-use property with highway visibility.
      585 Route 9, Little Egg Harbor, NJ 08087
      View Details
    • $650,000

      Little Egg Harbor Commercial Property

      Commercial property on Route 9, zoned for general business.
      7 Gifford Road, Little Egg Harbor, NJ 08087
      View Details
    • $1,200,000

      Little Egg Harbor Mixed-Use Opportunity

      Commercial property with retail, warehouse, apartment, and residential potential.
      585 Route 9, Little Egg Harbor, NJ 08087
      View Details
    • $1,200,000

      Little Egg Harbor Mixed-Use Opportunity

      Large commercial/mix-use property in Little Egg Harbor, NJ.
      585 Route 9, Little Egg Harbor, NJ 08087
      View Details
    • $499,999

      Waterfront Land in Little Egg

      Waterfront land with unobstructed views and newer vinyl bulkhead.
      57 W Susquehanna Drive, Little Egg Harbor, NJ 08087
      View Details
    • $399,000

      Vacant Land in Little Egg

      0.92 acre vacant land available for sale.
      6 Elmwood Dr, Little Egg Harbor, NJ 08087
      View Details
    • $3,999,000

      Little Egg Harbor Land Opportunity

      Over 30 acres for development in Little Egg Harbor.
      Maplewood Drive, Little Egg Harbor, NJ 08087
      View Details
    • $69,000

      Residential Land in Little Egg

      Land available to build a dream home in Little Egg.
      4 Merion Court, Little Egg Harbor, NJ 08087
      View Details
    • $249,900
      1,260 SF

      Waterfront Lot in Little Egg

      Waterfront lot with bay access, bulkhead replacement needed.
      154 S Longboat Drive, Little Egg Harbor, NJ 08087
      View Details
    • $1,350,000

      Land in Little Egg Harbor

      Nine approximately 1-acre lots available in Little Egg Harbor, NJ.
      10 Welch Court, Little Egg Harbor, NJ 08087
      View Details

    FAQs

    What type of property is this?
    Land - Prime waterfront land with lagoon location and navigable water access.
    Where is this land located?
    The property is located at 109 E Sail Drive Little Egg Harbor, NJ.
    What is the asking price?
    The asking price for this property is $304,900.
    What are key features of this property?
    This property features: Prime waterfront land in Mystic Island with lagoon location.; Enjoy **50' of waterfrontage with navigable water access**.; Cleared, level lot ready for development.
    (609) 693-2800
    We can help!
    Listing Contact
    Toni A Gleason
    Real Estate License ID: 0234656
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!