Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bayfront Land Development Opportunity Title is generated by Realmo AI

    1122 Clematis Ave, Pleasantville, NJ 08232

    View on Map
    Claim this Listing
    For Sale
    $800,000

    LAND - Pleasantville, NJ

    Lot size:
    27.50 Acres
    Added:
    Oct 15, 2025
    Days on Market:
    230
    Last Refresh:
    Jun 1 at 6:06 am

    Property Features for 1122 Clematis Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    27.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10237

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Michael Petretta

    Listing agent Michael Petretta License #2331959

    Listing office Keller Williams Realty Jersey Shore - Ocean City 903 Bay Ave, Ocean City, NJ

    Listing date Oct 15, 2025

    MLS# 601465 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.

    HighLights

    • Massive 27.5+\/- acre bayfront property
    • Rare development opportunity
    • Endless possibilities for development
    • Ideal for developers, builders, and investors
    • Bayfront location
    • Buyer due diligence required for zoning and subdivision

    Overview

    This 27.5+/- acre bayfront property offers a development opportunity for builders, developers, and investors. The land is located in Pleasantville, New Jersey. Prospective buyers are advised to conduct due diligence regarding zoning regulations and subdivision possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasantville
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.52998
    Latitude
    39.37924

    Nearby Similar for Sale

    • $699,000
      4,500 SF

      Warehouse with Office Space

      Spacious warehouse with office space for storage and distribution.
      619 Church Street, Pleasantville, NJ 08232
      View Details
    • $599,900
      5,000 SF

      19-Room Motel on Route 40

      Motel business and property on high-traffic Route 40.
      7070 BLACK HORSE PIKE, PLEASANTVILLE, NJ 08232
      View Details
    • $1,175,000
      10,000 SF

      Commercial Property on High-Traffic Route

      Approximately 10,000 sqft commercial property on high-traffic Route 9.
      1125-1131 N New Road, Pleasantville, NJ 08201
      View Details
    • $239,000
      4,627 SF

      Pleasantville Mixed-Use Commercial Opportunity

      Mixed-use property in Pleasantville's commercial corridor with redevelopment potential.
      210 S MAIN Street, Pleasantville, NJ 08232
      View Details
    • $239,000
      4,627 SF

      Pleasantville Mixed-Use Commercial Opportunity

      Mixed-use property in Pleasantville's commercial corridor with redevelopment potential.
      210/222 S MAIN STREET, PLEASANTVILLE, NJ 08232
      View Details
    • $239,000
      4,627 SF

      Pleasantville Mixed-Use Commercial Opportunity

      Mixed-use property in Pleasantville's commercial corridor with redevelopment potential.
      210 S MAIN Street, Pleasantville, NJ 08232
      View Details
    • $299,000
      4,100 SF

      Pleasantville Commercial Property For Sale

      4,100 SF commercial property with high traffic exposure.
      121-123 S MAIN STREET, PLEASANTVILLE, NJ 08232
      View Details
    • $1,175,000
      10,000 SF

      Route 9 Commercial Opportunity

      Approximately 10,000 SF commercial building on high-traffic Route 9.
      1125-1131 N New Road, Pleasantville, NJ 08201
      View Details
    • $599,900

      Route 40 Motel Opportunity

      19-room motel with manager's apartment on Route 40.
      7070 Black Horse Pike, Pleasantville, NJ 08232-2806
      View Details
    • $249,999

      Pleasantville Commercial Building For Sale

      Two-story commercial building with five office suites and ample parking.
      821 N Main Street, Pleasantville, NJ 08232
      View Details
    • $225,000

      Commercial Building on Main Street

      Commercial building suitable for business, office, or professional use.
      1416 N Main Street, Pleasantville, NJ 08232
      View Details
    • $499,000
      4,140 SF

      Versatile Commercial Building in Pleasantville

      Two-story commercial building in Urban Enterprise Zone.
      392 S New Rd, Pleasantville, NJ 08232
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 27.5+/- acre bayfront property with development potential.
    Where is this waterfront land located?
    The property is located at 1122 Clematis Ave Pleasantville, NJ.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Massive 27.5+\/- acre bayfront property; Rare development opportunity; Endless possibilities for development
    (609) 289-2346
    We can help!
    Listing Contact
    Michael Petretta
    Real Estate License ID: 2331959
    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
    1122 Clematis Ave, Pleasantville, NJ 08232
    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!