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

    26 Old Rd Hewitt, NJ 07421

    View on Map
    For Sale
    $129,000

    Lots and Land - West Milford Twp., NJ

    Lot size:
    1.12 Acres
    Added:
    Sep 12, 2024
    Days on Market:
    569
    Last Refresh:
    Apr 3 at 6:06 pm

    Property Features for 26 Old Rd

    General Information

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

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2921

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    MARK WERNER
    MARK WERNER

    Listing agent MARK WERNER

    Listing office WERNER REALTY 1465 UNION VALLEY ROAD, West Milford, NJ

    Listing date Sep 12, 2024

    MLS# 3923703 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.

    Overview

    Residential Lot Near Town Center

    This 1.12-acre residential lot is located approximately two miles from the town center. The property was previously approved for a three-bedroom septic system. A NJ Transit bus stop is located steps away from the property. The street has minimal residences, providing peace and privacy. Installation of a septic system and well are necessary. A survey is available.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hewitt
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.3769
    Latitude
    41.1652

    Nearby Similar for Sale

    • $25,000

      Residential Land Near Upper Greenwood

      0.21 acre vacant lot near Upper Greenwood Lake.
      Fairlawn Dr, West Milford Twp., NJ 07421
      View Details
    • $20,000

      Unimproved Land in Lake Community

      Raw land in Upper Greenwood Lake, active motorboat community.
      Linwood Rd, West Milford Twp., NJ 07421
      View Details
    • $500,000

      26.7 Acres Raw Land

      26.7 acres of raw land in West Milford Twp., NJ.
      Jenkins Rd, West Milford Twp., NJ 07421
      View Details
    • $200,000

      Residential Land in West Milford

      Over 14 acres of residential land for sale.
      00-1 Clinton Rd, West Milford Twp., NJ 07421
      View Details
    • $4,499,000
      11,500 SF

      Industrial Warehouse on 3.5 Acres

      11,500 sqft warehouse with 30ft ceilings on 3.5 acres.
      955 Burnt Meadow Rd, West Milford Twp., NJ 07421
      View Details
    • $190,000

      West Milford Land For Sale

      13.5 acres of land with access to Clinton Rd.
      Clinton Rd, West Milford Twp., NJ 07421
      View Details
    • $125,000

      Residential Land Near Lake

      Land for sale across from the lake, ready to build.
      628-630 Lake Shore, West Milford Twp., NJ 07421
      View Details
    • $139,000

      Residential Land with Lakeview Potential

      Lakeview lot with architectural drawings and township approval.
      6 Florence Rd, West Milford Twp., NJ 07421-3805
      View Details
    • $4,499,000
      11,500 SF

      Industrial Warehouse on 3.5 Acres

      Industrial warehouse with 3.5 acres and 30ft ceilings.
      955 BURNT MEADOW RD Unit N/A, Hewitt, NJ 07421
      View Details
    • $179,000

      Commercial Lot in Business District

      Hi-traffic commercial lot in Greenwood Lake's Business District.
      13 Lakeside, West Milford Twp., NJ 07421
      View Details
    • $48,000

      Upper Greenwood Lake Vacant Lot

      Vacant lot near Upper Greenwood Lake, perfect for recreation.
      43 Hampton Rd, West Milford Twp., NJ 07421
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.12-acre residential lot, convenient location, approved for three-bedroom septic.
    Where is this residential land & home lot located?
    The property is located at 26 Old Rd Hewitt, NJ.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: 1.12‑acre residential lot; Previously approved for a three‑bedroom septic system; Located just two miles from the town center
    (973) 657-9222
    We can help!
    Listing Contact
    MARK WERNER
    MARK WERNER
    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!