Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    351 RT 28 Bridgewater, NJ 08807

    View on Map
    Claim this Listing
    Picture of Commercial land at 351 RT 28, Bridgewater, NJ
    Pending
    $1,200,000

    Other - Bridgewater Twp., NJ

    Lot size:
    3.10 Acres
    Added:
    Jul 5, 2022
    Days on Market:
    1394
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 351 RT 28

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    3.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12333

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Roof type
    See Remarks
    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy Deluccia
    Timothy Deluccia

    Listing agent Timothy Deluccia

    Listing office BHHS Fox & Roach Martinsville South Sales Office 1996 Washington Valley Road, NJ

    Listing date Jul 5, 2022

    MLS# 3793739 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bridgewater Twp. Commercial Land

    This is a 3.1-acre commercial land parcel located in Bridgewater Township, New Jersey. The property is situated at 351 RT 28 and is identified by the postal code 08807. It resides within Somerset County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Bridgewater
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.660146
    Latitude
    40.592643

    Nearby Similar for Sale

    • $8,579
      4,118 SF

      Bridgewater Medical Office on Route

      4,118 SF medical office in Bridgewater, NJ for sale.
      762 Route202206, Bridgewater Twp., NJ 08807
      View Details
    • $12
      11,930 SF

      Bridgewater Township Office Space Available

      Former corporate office space available near highways and train.
      141 Southside Ave, Bridgewater Twp., NJ 08807
      View Details
    • $395,000

      Bridgewater Twp. Shovel-Ready Land

      0.24 acre lot with utilities and approved plans.
      89 Linden St, Bridgewater Twp., NJ 08807-2728
      View Details
    • $699,000
      2,500 SF

      Freestanding Professional Building on Highway

      2,500 SF building in Bedminster, NJ with permitted uses.
      345 US Highway 202/206, Bridgewater, NJ
      View Details
    • $2,900,000
      50,000 SF

      Prime Land on Corner Lot

      4.1 acres on corner lot with high traffic volume.
      229 Adamsville Rd, Bridgewater Twp., NJ 08807
      View Details
    • $299,900
      14,000 SF

      Medical Condo Suite Near Hospital

      2690 SF medical condo suite for sale or lease.
      215 Union Ave, Bridgewater Twp., NJ 08807
      View Details
    • $299,900
      2,690 SF

      Medical Condo Suite For Sale

      2690 SF medical condo suite in Bridgewater, NJ.
      215 Union Ave, Bridgewater Twp., NJ 08807
      View Details
    • $599,000
      2,500 SF

      Bedminster Commercial Building on Route

      2500 SF professional building on Route 202/206 in Bedminster.
      345 ROUTE 202/206, Bedminster Twp., NJ 08807
      View Details
    • $250,000

      Undeveloped Land in Bridgewater Township

      1.38 acre wooded flag lot requiring survey and variances.
      0 Lebanon Ave, Bridgewater Twp., NJ 08807
      View Details
    • $3,100,000
      50,000 SF

      Prime Land on Route 22

      4.1 acres on corner of Route 22 and Adamsville Road.
      229 Adamsville Rd, Bridgewater Twp., NJ 08807
      View Details
    • $1,250,000

      Residential Land in Bridgewater Township

      1.12 acre residential lot for custom build in Bridgewater.
      1930 Mountain Top Road, Bridgewater Twp., NJ 08807-2309
      View Details
    • Contact for pricing

      Retail Space with Main Entrance

      Retail space with dedicated entrance and shared parking.
      735 Promenade Blvd, Bridgewater, NJ 08807
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.1 acre commercial land for sale in Bridgewater Twp., NJ.
    Where is this commercial land located?
    The property is located at 351 RT 28 Bridgewater, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Heating details available (see remarks).; Roof details available (see remarks).; Location coordinates provided.
    (908) 938-6405
    We can help!
    Listing Contact
    Timothy Deluccia
    Timothy Deluccia
    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!