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    Jackson, NJ Commercial Land Parcel Title is generated by Realmo AI

    29 E Commodore Boulevard, Jackson, NJ 08527

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    Claim this Listing
    For Sale
    $2,100,000

    COMMERCIAL - Jackson, NJ

    Property size:
    625 SF
    Lot size:
    5.60 Acres
    Price / SF:
    $3,360/SF
    Added:
    Feb 7, 2025
    Days on Market:
    480
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for 29 E Commodore Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    12-04301-0000-00002
    Size
    625 SF
    Lot size
    5.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7490

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Year built
    1956
    Floors in Building
    1

    We can help!

    Listing Contact
    Michael J Kafton

    Listing agent Michael J Kafton License #8833330

    Listing office Exit Realty Jackson NJ 2200 W County Line Road, Jackson, NJ

    Listing date Feb 7, 2025

    MLS# 22503464

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

    HighLights

    • Approved Letter of Intent (LOI) suggests development potential.
    • Located in HC (Highway Commercial) Zone, allowing for various commercial uses.
    • 5+ Acre Parcel offers substantial space for development.
    • Surrounded by new construction and planned large‑scale commercial developments (100,000 sq ft and 1,000,000 sq ft warehousing).
    • Proximity to WAWA indicates a high‑traffic, desirable location.
    • Located near the corner of Route 526 & 527, providing good accessibility.

    Overview

    This 5.6-acre commercial land parcel is located near the corner of Route 526 and 527 in Jackson, NJ. The property is situated in an area experiencing new construction, with an adjacent property cleared for 100,000 square feet of commercial space. Across the street, there is a planned development of one million square feet of warehousing. A WAWA convenience store is also located at the corner. The property is zoned HC (Highway Commercial). There are some wetlands on the property. A small 625 square foot house is present on the property and is being sold 'AS IS'. All approvals are the responsibility of the buyer, and prospective buyers should refer to provided documents for information regarding wetlands.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Food Market HVAC Service Electrical Service Plumbing Service Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Camden
    State
    New Jersey
    Longitude
    -74.3545
    Latitude
    40.1058

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    FAQs

    What type of property is this?
    Commercial land - 5+ acre commercial land parcel in high-growth Jackson, NJ.
    Where is this commercial land located?
    The property is located at 29 E Commodore Boulevard Jackson, NJ.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Approved Letter of Intent (LOI) suggests development potential.; Located in HC (Highway Commercial) Zone, allowing for various commercial uses.; **5+ Acre Parcel offers substantial space for development.**
    (732) 367-2888
    We can help!
    Listing Contact
    Michael J Kafton
    Real Estate License ID: 8833330
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    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
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