Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11 Roosevelt Ave Northfield, NJ 08225

    Sponsored
    Picture of Residential land & home lots at Roosevelt Ave 11, Northfield, NJ
    For Sale
    $99,900

    6,001 To 10,000 Sqft - Northfield, NJ

    Lot size:
    0.22 Acres
    Days on Market:
    28
    Last Refresh:
    Jan 24 at 8:06 pm

    Property Features for 11 Roosevelt Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Lot size
    0.22 Acres

    We can help!

    Listing Contact
    MICHAEL SHAMBERG

    PRUDENTIAL DIVERSIFIED REALTY (609) 652-6690

    Listing agent MICHAEL SHAMBERG (609) 652-6690 License #0229998

    Listing date Dec 28, 2025

    MLS# 599535 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Northfield, NJ

    This residential lot, located in Northfield, New Jersey, offers 0.22 acres of land. The property is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5443593
    Latitude
    39.3721843

    Nearby Similar for Sale

    • $3,000,000

      Northfield Office/Professional Building For Sale

      Three-story office building in Northfield's business district with high visibility.
      1501 Tilton Rd, Northfield, NJ 08225
      View Details
    • $1,695,000

      Northfield Office/Medical Property For Sale

      Commercial property configured for medical use with ample parking.
      1634 New Rd, Northfield, NJ 08225
      View Details
    • Contact for pricing

      Northfield Office Space For Sale

      Office space in prime location on corner of Route 9.
      334 Oakcrest Ave, Northfield, NJ 08225
      View Details
    • $595,000

      Northfield Office Building For Sale

      Prime office building in Northfield, NJ, with basement.
      2330 New Rd, Northfield, NJ 08225
      View Details
    • Contact for pricing
      Pending

      Office Space in Northfield, NJ

      Office space for sale or lease in central Northfield.
      200 Jackson Ave, Northfield, NJ 08225
      View Details
    • $164,900

      Northfield Office Condo For Sale

      Second floor office condo with prime location and signage potential.
      1500 Zion Rd, Northfield, NJ 08225
      View Details
    • $1,500,000

      Prime Commercial Location on Tilton

      High visibility commercial property in Northfield, previously a bank.
      1101 Tilton Rd, Northfield, NJ 08225
      View Details
    • $1,550,000

      Northfield Commercial Building For Sale

      Commercial building with tenant, high visibility, and ample parking.
      1500 Tilton Rd, Northfield, NJ 08221
      View Details
    • $1,699,000
      0.70 Acres

      8,800 SF Retail Property

      Freestanding retail property on Tilton Road with high visibility.
      221 Tilton Rd Rd, Northfield, NJ 08225
      View Details
    • $1,699,000
      0.70 Acres

      Freestanding Retail Property on Tilton

      8,800 SF retail property on Tilton Road in Northfield, NJ.
      221 Tilton Rd Rd, Northfield, NJ 08225
      View Details
    • $1,699,000
      8,800 SF

      Freestanding Retail Property on Tilton

      8,800 SF retail property on Tilton Road in Northfield, NJ.
      221 Tilton Rd, Northfield, NJ 08225
      View Details
    • Contact for pricing
      6,000 SF

      Northfield Office Building For Sale

      6,000 SF office building in the heart of Northfield.
      1622 Tilton Rd, Northfield, NJ 08225
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot available in Northfield, New Jersey.
    Where is this residential land & home lot located?
    The property is located at 11 Roosevelt Ave Northfield, NJ.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Residential Lot; - 0.22 Acre Lot; - Northfield Location
    (609) 432-6650
    Request Owner's contact information
    11 Roosevelt Ave Northfield, NJ 08225
    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.
    11 Roosevelt Ave
    Northfield, NJ 08225
    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
    11 Roosevelt Ave Northfield, NJ 08225
    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

    We can help!
    Listing Contact
    MICHAEL SHAMBERG
    Real Estate License ID: 0229998
    (609) 432-6650
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.