Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Lot in Albert Neighborhood Title is generated by Realmo AI

    E Spruce Street, Lakewood, NJ 08701

    View on Map
    Claim this Listing
    Picture of Commercial land at E Spruce Street, Lakewood, NJ
    For Sale
    $725,000

    LAND - Lakewood, NJ

    Lot size:
    0.32 Acres
    Added:
    Jan 29, 2026
    Days on Market:
    112
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for E Spruce Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-00855-02-00017-02
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6444

    We can help!

    Listing Contact
    Qizhan Yao

    Listing agent Qizhan Yao License #0902217

    Listing office Realmart Realty LLC. 27 Bleeker Street, South Plainfield, NJ

    Listing date Jan 29, 2026

    MLS# 22602603 Listing URL

    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

    • Prime buildable lot exceeding 14,000 square feet.
    • Located in the highly sought‑after Albert neighborhood.
    • Ready for development.
    • Excellent opportunity to build to suit.
    • Rare opportunity.
    • Location coordinates provided.

    Overview

    This prime buildable lot offers over 14,000 square feet in the Albert neighborhood of Lakewood, New Jersey. The 0.32-acre parcel is ready for development, presenting an excellent opportunity for a buyer to build to suit. This property represents a rare opportunity for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lakewood
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.194374
    Latitude
    40.068208

    Nearby Similar for Sale

    • $849,000
      2,300 SF

      Classic Brick Building in Lakewood

      Adaptable brick building suitable for office or institutional use.
      200 Monmouth Avenue, Lakewood, NJ 08701
      View Details
    • $999,000
      2,272 SF

      Three-Story Office Building in Lakewood

      Three-story office building with frontage on Clifton Avenue.
      426 Clifton Avenue, Lakewood, NJ 08701
      View Details
    • $1,200,000
      1,700 SF

      Remodeled Office Building on County Line

      Professional office building with multiple spaces and high visibility.
      435 E County Line Road, Lakewood, NJ 08701
      View Details
    • $849,000
      12,000 SF

      Residential Land in Growing Neighborhood

      Spacious, shovel-ready land to build your dream home.
      27 Burnside Avenue, Lakewood, NJ 08701
      View Details
    • $849,000
      6,000 SF

      Downtown Lakewood Freestanding Building

      Freestanding building in the heart of downtown Lakewood for sale.
      241 1st Street, Lakewood, NJ 08701
      View Details
    • $1,200,000
      1,700 SF

      Remodeled Office Building on County

      Remodeled office building with multiple offices and parking spaces.
      435 E County Line Road, Lakewood, NJ 08701
      View Details
    • $749,000

      Corner Lot in Lakewood, NJ

      0.34 acre corner lot to build your dream home.
      100 Avis Avenue, Lakewood, NJ 08701
      View Details
    • $2,000,000

      Lakewood Commercial Building For Sale

      Yeshiva building with CO for dormitory in Lakewood, NJ.
      218 6th Street, Lakewood, NJ 08701
      View Details
    • $1,399,000

      Half-Acre Lot in Lakewood, NJ

      Half-acre lot in Lakewood's Fourteenth Street neighborhood.
      14th Street, Lakewood, NJ 08701
      View Details
    • $1,999,000

      Oversized Lot in Lakewood, NJ

      Rare 1.24-acre lot in central Lakewood, ideal for building.
      Spruce Street, Lakewood, NJ 08701
      View Details
    • $400,000

      Fully Equipped Restaurant Ready to Operate

      Turnkey restaurant with state-of-the-art kitchen and dining area.
      1201 River Avenue, Lakewood, NJ 08701
      View Details
    • $220,000
      982 SF

      Lakewood Duplex with Lake View

      Duplex in Leisure Village with lake view and upgrades.
      678 New Castle Court, Lakewood, NJ 08701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime 0.32-acre lot ready for development in Lakewood, NJ.
    Where is this commercial land located?
    The property is located at E Spruce Street Lakewood, NJ.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Prime buildable lot exceeding 14,000 square feet.; Located in the highly sought‑after Albert neighborhood.; Ready for development.
    (888) 362-6543
    We can help!
    Listing Contact
    Qizhan Yao
    Real Estate License ID: 0902217
    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

    Thank You for Inquiry
    E Spruce Street, Lakewood, NJ 08701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!