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    Expansive Land Parcel in Fredon Twp. Title is generated by Realmo AI

    500 State Route 94, Fredon Twp, NJ 07860

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    Claim this Listing
    For Sale
    $295,000

    Lots and Land - Fredon Twp., NJ

    Lot size:
    19.93 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    105
    Last Refresh:
    May 9 at 3:06 pm

    Property Features for 500 State Route 94

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR-6
    Standard status
    Active
    Lot size
    19.93 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    68

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    RACHEL BUCCI
    RACHEL BUCCI

    Listing agent RACHEL BUCCI

    Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ

    Listing date Jan 24, 2026

    MLS# 4006664 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.

    HighLights

    • Nearly 20 acres of farm‑assessed land with panoramic views.
    • Dual road frontage (730 ft on Route 94 and 410 ft on Warner Road) offering excellent access and visibility.
    • Zoned for potential residential or commercial use.
    • Strategic location in a desirable area with convenient access to major roadways.
    • Potential for various uses including private estate, equestrian property, residential development, commercial ventures, or agricultural operations.
    • Minutes from Newton Medical Center, downtown Newton, shopping, and dining.

    Overview

    This 19.93-acre farm-assessed land parcel in Fredon Twp., NJ, offers panoramic views and versatility. The property features approximately 730 feet of frontage on Route 94 and an additional 410 feet on Warner Road, providing access and visibility. Zoned AR-6, the property allows for potential residential or commercial use, offering opportunities for a private estate, equestrian property, or residential development, as well as commercial, agricultural, or income-producing ventures. The property's size, frontage, and location create potential for alternative income opportunities such as farm operations, small business uses, or infrastructure-related leasing. Located in an area known for its scenic beauty and rural charm, the property offers convenient access to major roadways. It is minutes from Newton Medical Center, downtown Newton, big box stores, dining, and conveniences. The property is served by the Fredon Elementary and Kittatinny HS sending district. Buyers are responsible for all permits and municipal approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom HVAC Service Electrical Service Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fredon Twp
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.829525
    Latitude
    41.022703

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 19.93 acres with dual road frontage in desirable Fredon Twp.
    Where is this agricultural land / farmland located?
    The property is located at 500 State Route 94 Fredon Twp, NJ.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Nearly 20 acres of farm‑assessed land with panoramic views.; Dual road frontage (730 ft on Route 94 and 410 ft on Warner Road) offering excellent access and visibility.; Zoned for potential residential or commercial use.
    (973) 383-8989
    We can help!
    Listing Contact
    RACHEL BUCCI
    RACHEL BUCCI
    Learn More
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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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    500 State Route 94, Fredon Twp., NJ 07860-5026
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