Add Listing
    For Lease
    • 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

    5581 NJ-42 Washington Township, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    25,652 SF commercial land with high traffic volume.

    Type:LAND
    Lot size:
    0.60 Acres
    Added:
    May 15, 2024
    Days on Market:
    687
    Last Refresh:
    Mar 29 at 11:28 pm

    Property Features for 5581 NJ-42

    General Information

    Standard status
    Active
    Lot size
    0.60 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 5581 NJ-42 Contact us

    We can help!

    Listing Contact
    Tammy Rattacasa
    Tammy Rattacasa

    Listing agent Tammy Rattacasa License #0896843

    Listing office Arrow Real Estate Services

    Listing date May 15, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Arrow Real Estate Services

    Overview

    Commercial Land on Route 42

    This commercial land offers 25,652 square feet with dimensions of 106 x 242 feet (irregular). Located on NJ-42 in Washington Township, the site benefits from significant traffic exposure, with 15,105 vehicles per day on Greentreen Road and 48,993 vehicles per day on Black Horse Pike (Rt. 42). The lease rate is negotiable. Current tenants include Data Transformation, We Buy Any Car, Chem Dry, and Haven Crisis Center.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Washington Township
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0598
    Latitude
    40.9913

    Nearby Similar for Lease

    • $26/mo

      Medical Office Space in Sewell

      New medical office space available in Washington Square, Sewell.
      247 Hurffville - Cross Keys Rd, Washington Township, NJ
      View Details
    • $12/mo

      Versatile Office Spaces Available

      Office spaces for rent, sizes from 1,200 to 5,000 sq ft.
      438 Ganttown Rd, Washington Township, NJ
      View Details
    • Contact for pricing

      Retail Space in Shopping Center

      Retail space available in a busy shopping center.
      3501 Rte 42, Turnersville, NJ
      View Details
    • Contact for pricing

      Retail Space on Route 42

      Retail space with high visibility and traffic on Route 42.
      5851 Black Horse Pike-Route 42, Turnersville, NJ
      View Details
    • Contact for pricing

      Retail Space Near Rowan University

      Retail space anchored by Edge Fitness near Rowan University.
      141 Tuckahoe Rd, Washington Township, NJ
      View Details
    • Contact for pricing

      Retail Endcap Space Available

      Second generation retail space in a mixed-use development.
      253 Hurffville - Cross Keys Rd, Washington Township, NJ
      View Details
    • Contact for pricing

      Retail Space Available June 2026

      Retail space available June 2026 with below market rent.
      5301 New Jersey 42, Washington Township, NJ
      View Details
    • Contact for pricing

      Retail Space on Black Horse Pike

      Retail space available in a busy shopping center.
      5200 E Black Horse Pike, Washington Township, NJ
      View Details
    • Contact for pricing

      New Retail Space in Turnersville

      New construction retail space with open air options available.
      5151 NJ-42, Washington Township, NJ 08012
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial property available for lease.
      196 Fries Mill Rd, Washington Township, NJ 08012
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Washington Township, NJ.
      4991 NJ-42, Washington Township, NJ 08012
      View Details
    • Contact for pricing

      Turnersville Retail/Warehouse Space Available

      Former Burlington building suitable for retail, warehouse, or redevelopment.
      5901 Rte 42, Turnersville, NJ
      View Details

    FAQs

    What type of property is this?
    Commercial land - 25,652 SF commercial land with high traffic volume.
    Where is this commercial land located?
    The property is located at 5581 NJ-42 Washington Township, NJ.
    What are key features of this property?
    This property features: High Traffic Volume: 48,993 VPD on Black Horse Pike (Rt. 42); Significant Traffic Volume: 15,105 VPD on Greentreen Road; Sizeable Area: 25,652 SF (106 x 242 irr)
    (610) 400-3018
    We can help!
    Listing Contact
    Tammy Rattacasa
    Tammy Rattacasa
    Real Estate License ID: 0896843
    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!