Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1315 Randolph Rd, Plainfield, NJ 07060

    View on Map
    Claim this Listing
    New
    Picture of Land at 1315 Randolph Rd, Plainfield, NJ
    For Sale
    $250,000

    Lots and Land - Plainfield City, NJ

    Lot size:
    0.13 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 1315 Randolph Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1553

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MAOLY BERAS

    Listing agent MAOLY BERAS

    Listing office CENTURY 21 ALLIANCE REALTY 867 NORTH STILES STREET, Linden, NJ

    Listing date Jun 3, 2026

    MLS# 4032322 Listing URL

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

    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.40247
    Latitude
    40.60762

    Nearby Similar for Sale

    • $799,000
      2,735 SF

      Renovated Multi-Family Home

      Spacious, renovated two-family home in North Plainfield's historic district.
      113 Park Pl, North Plainfield Boro, NJ 07060-4607
      View Details
    • $2,500,000
      25,000 SF

      Nursery Greenhouse and Warehouse

      For-sale nursery and greenhouse operation with multiple large greenhouses, warehouse, and on-site cold storage for plant processing and sales.
      191 Greenbrook Rd, North Plainfield Boro, NJ 07060-3921
      View Details
    • $2,500,000
      25,000 SF

      Nursery Greenhouse and Warehouse

      Turnkey nursery operation with multiple greenhouses, warehouse support, and inventory included for immediate business continuity.
      191 Greenbrook Rd, North Plainfield Boro, NJ 07060-3921
      View Details
    • $599,900
      1,800 SF

      Plainfield Multifamily Property For Sale

      Two-unit multifamily property with parking and finished basement.
      659 S 2nd Street, Plainfield, NJ 07060
      View Details
    • $599,900
      1,800 SF

      Plainfield Multifamily Property For Sale

      Multifamily property with parking, finished basement, and updated features.
      659 S 2nd Street, Plainfield, NJ 07060
      View Details
    • $550,000
      1,598 SF

      Two-Family Home with Income Potential

      Well-maintained two-family home in Plainfield City, great income potential.
      822-24 W 6Th St, Plainfield City, NJ 07063-1428
      View Details
    • $1,500,000
      6,144 SF

      Turnkey Healthcare Facility Opportunity

      Established residential healthcare facility for sale near Route 22.
      518 Central Avenue, Plainfield, NJ 07060
      View Details
    • $1,400,000
      4,588 SF

      Turnkey Residential Healthcare Facility

      Established income potential near Route 22 and local amenities.
      600 Central Avenue, Plainfield, NJ 07060
      View Details
    • $4,400,000
      6,000 SF

      Development Site in Plainfield City

      Large development site near NYC train with income potential.
      500 Arlington Ave, Plainfield City, NJ 07060-1534
      View Details
    • $699,900

      Renovated Two-Unit Dwelling

      Recently renovated two-unit dwelling in a convenient location.
      1315 Murray Ave, Plainfield City, NJ 07060-3217
      View Details
    • $529,000

      Income-Producing Two-Family Home

      Two-unit property in North Plainfield near amenities and transportation.
      30 Rockview Ter, North Plainfield Boro, NJ 07060-4514
      View Details
    • $1,500,000

      Plainfield Development Opportunity: Approved Plans

      Ready-to-build site with approved plans for 16 residential units.
      234 E 9th Street, Plainfield, NJ 07060
      View Details

    FAQs

    Where is this land located?
    The property is located at 1315 Randolph Rd Plainfield, NJ.
    What is the asking price?
    The asking price for this property is $250,000.
    (908) 587-5222
    We can help!
    Listing Contact
    MAOLY BERAS
    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
    1315 Randolph Rd, Plainfield City, NJ 07060-3360
    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!