Add Listing
    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

    230 Mill Rd Pleasantville, NJ 08232

    View on Map
    For Sale
    $50,000

    10,001 To 20,000 Sqft - Pleasantville, NJ

    Lot size:
    0.43 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 7 at 11:06 am

    Property Features for 230 Mill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial,See Remarks
    Standard status
    Active
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1784

    We can help!

    Listing Contact
    KENKIESHA GRANGER
    KENKIESHA GRANGER

    Listing agent KENKIESHA GRANGER License #0790116

    Listing office KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield 802 TILTON ROAD, Northfield, NJ

    Listing date Nov 3, 2025

    MLS# 602227 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.

    Overview

    Commercial Lot in Pleasantville, NJ

    This commercial lot, situated on Mill Rd in Pleasantville, NJ, offers a blend of seclusion and accessibility. The property, with a lot size of 0.43 acres, presents opportunities for development and investment. The zoning is listed as commercial, see remarks. The location provides convenient access to surrounding amenities and infrastructure. The property is suitable for various commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasantville
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5845
    Latitude
    39.4151

    Nearby Similar for Sale

    • $599,900
      5,000 SF

      19-Room Motel on Route 40

      Motel business and property on high-traffic Route 40.
      7070 BLACK HORSE PIKE, PLEASANTVILLE, NJ 08232
      View Details
    • $299,000
      4,100 SF

      Pleasantville Commercial Property For Sale

      4,100 SF commercial property with high traffic exposure.
      121-123 S MAIN STREET, PLEASANTVILLE, NJ 08232
      View Details
    • $3,500

      Spacious Warehouse/Garage in Pleasantville

      Versatile commercial space on a fenced lot with garage bays.
      1027 Woodland Avenue, Pleasantville, NJ 08232
      View Details
    • $599,900

      19-Room Motel on Route 40

      19-room motel with manager's apartment on high-traffic Route 40.
      7070 Black Horse Pike, Pleasantville, NJ 08232-2806
      View Details
    • $599,900

      Route 40 Motel Opportunity

      19-room motel with manager's apartment on Route 40.
      7070 Black Horse Pike, Pleasantville, NJ 08232
      View Details
    • $119,900

      Vacant Land on South New

      0.28 acre infill parcel in Pleasantville, New Jersey.
      1200 S NEW ROAD, PLEASANTVILLE, NJ 08232
      View Details
    • $399,000

      Warehouse with Luxury Office Space

      Well-maintained warehouse with offices and an attached empty lot.
      107 Madison Ave, Pleasantville, NJ 08232
      View Details
    • $18

      High-Visibility Retail Space on Highway

      2,500 SF retail space on major highway with excellent exposure.
      800 N NEW ROAD, PLEASANTVILLE, NJ 08232
      View Details
    • $799,000

      Pleasantville Industrial Building with Offices

      6200 SF industrial building with warehouse and office suites.
      619 Church Street, Pleasantville, NJ 08232
      View Details
    • $499,000

      High-Visibility Commercial Building in Pleasantville

      Versatile commercial building in Urban Enterprise Zone with multiple business opportunities.
      392 S New Rd Road, Pleasantville, NJ 08232
      View Details
    • $45,900

      Vacant Land in Pleasantville, NJ

      0.31 acre vacant parcel in an improving market.
      510 S MAIN STREET, PLEASANTVILLE, NJ 08232
      View Details
    • $449,900
      2,400 SF

      Income-Producing Mixed-Use Investment Opportunity

      Mixed-use property with income potential in Pleasantville, New Jersey.
      414 W Washington Avenue, Pleasantville, NJ 08232
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot with development potential in a convenient location.
    Where is this commercial land located?
    The property is located at 230 Mill Rd Pleasantville, NJ.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Commercial lot on Mill Rd; Mix of privacy and potential; Close to everything
    (609) 335-9873
    We can help!
    Listing Contact
    KENKIESHA GRANGER
    KENKIESHA GRANGER
    Real Estate License ID: 0790116
    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!