Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in South Brunswick Title is generated by Realmo AI

    136 BLACK HORSE LANE, South Brunswick, NJ 08902

    View on Map
    Claim this Listing
    For Sale
    $350,000

    Vacant Land - SOUTH BRUNSWICK, NJ

    Lot size:
    3.04 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    207
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 136 BLACK HORSE LANE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    1R
    Standard status
    Active
    Lot size
    3.04 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    RUBI KOREN

    Listing agent RUBI KOREN License #1329527

    Listing office HOMES BY PREFERRED REALTY 632 NEWARK AVE, Jersey City, NJ

    Listing date Oct 27, 2025

    MLS# 250022149 Listing URL

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

    HighLights

    • Lot is surveyed.
    • Lot location is on the right when turning left from 1South.
    • Lot is on the right‑hand side.
    • Lot is accessible from 1South.
    • Lot is marked by a surveyor.
    • Lot is available for purchase.

    Overview

    This is a 3.04-acre vacant land parcel located in South Brunswick, New Jersey. The property is zoned 1R, intended for residential use. According to the surveyor's markings, the lot is situated on the right-hand side when turning left from 1 South.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    South Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.482
    Latitude
    40.4497

    Nearby Similar for Sale

    • $699,000
      1,256 SF

      Well-Maintained Commercial Corner Property

      High-visibility commercial property suitable for medical or professional use.
      3 Stanworth Road, South Brunswick, NJ 08824
      View Details
    • $200,000
      1,046 SF

      South Brunswick Professional/Medical Office Condo

      First-floor office condo in Wynwood Office Plaza, South Brunswick, NJ.
      4105 Us Highway 1 Route, South Brunswick, NJ 08852
      View Details
    • $23
      3,826 SF

      Turnkey Daycare and Office Space

      Commercial space ideal for daycare, learning academy, or office.
      399 Ridge Road, South Brunswick, NJ 08810
      View Details
    • $199,000

      Prime Lot on Route 1

      Commercial lot for sale on Route 1 in South Brunswick.
      4050 Us Highway 1, South Brunswick, NJ 08852
      View Details
    • $339,900
      2,000 SF

      South Brunswick Commercial Space For Sale

      Versatile commercial space in high-demand South Brunswick location.
      3270 NJ 27 Avenue, South Brunswick, NJ 08824
      View Details
    • $7,000,000

      South Brunswick Acreage Opportunity

      17.4 acres in South Brunswick with convenient access.
      9 Major Road, South Brunswick, NJ 08852
      View Details
    • $370,000

      Renovated Condo with Private Entrance

      Multilevel condo near Princeton with modern amenities and private balconies.
      3242 cypress Court, South Brunswick, NJ 08852
      View Details
    • $1,200,000

      Cleared Land in South Brunswick

      8 acres of cleared land with development potential.
      55-B Davidson Mill Road, South Brunswick, NJ 08902
      View Details
    • $3,230,769

      Cannabis Dispensary on 1.48 Acres

      Cannabis dispensary on 1.48 acres in dense market.
      3231 State Route 27, Franklin Park, NJ
      View Details
    • $3,500
      13,500 SF

      South Brunswick Office Space Available

      Second floor office space in professional building, ample parking.
      3146 State Route 27 Highway, South Brunswick, NJ 08824
      View Details
    • $249,000
      2,800 SF

      Commercial Property on Georges Road

      Commercial property for sale with 2,800 square feet of space.
      371 Georges Road, South Brunswick, NJ 08810
      View Details
    • Contact for pricing
      3,000 SF

      Former Bank Branch For Sale

      Former bank branch with drive-thru lanes on well-traveled Route 27.
      3534 State Rte 27, Kendall Park, NJ
      View Details

    FAQs

    What type of property is this?
    Land - 3.04 acre vacant land for residential development in South Brunswick.
    Where is this land located?
    The property is located at 136 BLACK HORSE LANE South Brunswick, NJ.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Lot is surveyed.; Lot location is on the right when turning left from 1South.; Lot is on the right‑hand side.
    (917) 797-2423
    We can help!
    Listing Contact
    RUBI KOREN
    Real Estate License ID: 1329527
    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

    Thank You for Inquiry
    136 BLACK HORSE LANE, SOUTH BRUNSWICK, NJ 08902
    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!