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

    40 BUTTER ROAD Ocean View, NJ 08230

    View on Map
    Claim this Listing
    New
    Picture of Commercial land at 40 BUTTER ROAD, Ocean View, NJ
    For Sale
    $375,000

    Commercial - Upper Township, NJ

    Property size:
    7,200 SF
    Lot size:
    1.90 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 24 at 7:06 am

    Property Features for 40 BUTTER ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    7,200 SF
    Lot size
    1.90 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3841

    We can help!

    Listing Contact
    MICHAEL SHAMBERG

    Listing agent MICHAEL SHAMBERG License #0229998

    Listing office HomeSmart First Advantage Realty - Northfield 1811 Shore Rd, Northfield, NJ

    Listing date Apr 22, 2026

    MLS# 607032 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

    Upper Township Commercial Industrial Site

    This 1.9-acre commercial industrial site is located in Upper Township, New Jersey. It is approved for the construction of 7,200 sq ft warehouse and office buildings. Utilities are available. The location offers convenient access to Ocean City and other shore areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Auto Repair Shop Pharmacy Accounting Firm Hotel & Motel Department Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean View
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.6783624
    Latitude
    39.2387587

    Nearby Similar for Sale

    • $869,777
      6,000 SF

      Ocean View Commercial Warehouse Condo

      6,000 SF flex industrial condo with office space.
      521 Woodbine-Oceanview, Ocean View, NJ 08230
      View Details
    • $869,777

      Ocean View Flex Warehouse Condo

      6,000 SF flex warehouse in high-demand Jersey Shore market.
      521 Woodbine-Oceanview Road, Ocean View, NJ 08230
      View Details
    • $869,777

      Flex Warehouse in Ocean View

      6,000 SF flex warehouse with 20' ceilings and drive-in doors.
      521 Woodbine-Oceanview Road, Ocean View, NJ 08230
      View Details
    • $795,000

      Upper Township Warehouse and Office

      7,200 SF warehouse and office building on 1.9 acres.
      40 BUTTER ROAD, Upper Township, NJ 08230
      View Details
    • $795,000

      Upper Township Warehouse and Office

      7,200 SF warehouse and office building on 1.9 acres.
      40 BUTTER ROAD, Upper Township, NJ 08230
      View Details
    • $525,000
      1,200 SF

      Mixed-Use Property on Route 9

      Dual-use property with high visibility and rental potential.
      3 Ocean View Drive, Ocean View, NJ 08230
      View Details
    • $375,000

      Commercial Land in Upper Township

      Commercial and industrial land for sale in Upper Township, NJ.
      40 BUTTER ROAD, Upper Township, NJ 08230
      View Details
    • $225,000

      Ocean View Vacant Wooded Lot

      One-acre wooded lot in Ravenwood East development, Ocean View, NJ.
      68 Ravenwood Drive East, Ocean View, NJ 08210
      View Details
    • $235,000

      Residential Lot in Ocean View

      Buildable residential lot in desirable Upper Township, over one acre.
      57 Corsons Tavern Rd, Ocean View, NJ 08230
      View Details
    • $235,000

      Ocean View Buildable Residential Lot

      Rare 1+ acre lot in desirable Upper Township.
      55 Corsons Tavern Rd, Ocean View, NJ 08230
      View Details
    • $235,000

      Ocean View Buildable Residential Lot

      One-acre residential lot in Upper Township, ready for custom build.
      55 Corsons Tavern Rd, Ocean View, NJ 08230
      View Details
    • $359,900
      1,396 SF

      Commercial Property on Route 50

      Commercial property for sale located on Route 50.
      151 Route 50, Ocean View, NJ 08230
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.9 acre commercial site approved for warehouse and office buildings.
    Where is this commercial land located?
    The property is located at 40 BUTTER ROAD Ocean View, NJ.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Approved for **7,200 sq ft warehouse and office buildings.**; **1.9 acre commercial industrial site.**; Excellent Upper Township location.
    (609) 432-6650
    We can help!
    Listing Contact
    MICHAEL SHAMBERG
    Real Estate License ID: 0229998
    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!