Sign Up Successful!
You now have access to more from Realmo!
    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

    12 Corcoran St Flemington, NJ 08822

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $179,900

    1.48-acre lot in Transition Commercial District, Flemington, NJ.

    Lot size:
    1.48 Acres

    Property Features for 12 Corcoran St

    General Information

    Standard status
    Active
    Lot size
    1.48 Acres

    We can help!

    Listing Contact
    Robert Schrieber
    Source: Corcoran

    Listing Agent: Robert Schrieber

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

    Learn more

    Property Insight Report

    Overview

    Flemington Commercial Land For Sale

    This 1.48-acre lot is located in the Transition Commercial District in Flemington, New Jersey. Permitted principal uses include offices, medical offices, childcare facilities, indoor and outdoor recreation, theaters, higher education and training facilities, community buildings, club facilities, animal hospitals, funeral homes, research facilities, and health and fitness facilities. Accessory uses permitted are any use which is customary and incidental to the principal use, off-street parking, fences and walls, signs, storage and maintenance buildings, self-storage, contractor warehouses, light industrial solar facilities, and community gardening.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flemington
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8632395
    Latitude
    40.5149717

    Nearby Similar for Sale

    • $606,000
      2,500 SF

      Charming Commercial Property in Flemington

      Excellent investment opportunity in downtown Flemington with on-site parking.
      134 Main St, Flemington, NJ 08822
      View Details
    • Contact for pricing
      5,888 SF

      Two-Story Office Complex in Readington

      Two-story office building in the heart of Readington Township.
      699 Rte 202 South, Flemington, NJ 08822
      View Details
    • Contact for pricing
      5,888 SF

      Readington Twp. Office Building

      Two-story office complex in the heart of Readington Township.
      699 Rte 202 South, Flemington, NJ 08822
      View Details
    • Contact for pricing
      5,888 SF

      Two-Story Office Complex on Route 202

      Freestanding, renovated office building in Readington Twp.
      699 Rte 202 South, Flemington, NJ 08822
      View Details
    • $895,000
      5,888 SF

      Readington Twp. Office Building For Sale

      Two-story office complex on Route 202 in Readington Twp.
      699 Rte 202 South, Flemington, NJ 08822
      View Details
    • $2,595,000
      12,900 SF

      Power Sport Business Opportunity

      Family-owned power sport business with showroom, service center, and storage.
      749 Us Highway 202, Flemington, NJ 08822
      View Details
    • Contact for pricing
      20,000 SF

      Raritan Twp. Flex/Industrial Space

      Flex/industrial space available for sale in Raritan Twp., NJ
      361 State Route 31, Flemington, NJ 08822
      View Details
    • $339,800

      Flemington Office Park Commercial Sale

      Two-story office suite with additional lower level in Flemington.
      260 Rte 202/31 & Liberty Ct, Flemington, NJ 08822
      View Details
    • Contact for pricing
      0.73 Acres

      Spacious Garage with Crane/Hoist

      Large bay garage with crane, bath, and ample parking.
      18 Allen St, Flemington, NJ 08822
      View Details
    • Contact for pricing
      0.73 Acres

      Spacious Garage with Crane/Hoist

      Large bay garage with crane, bath, and ample parking.
      18 Allen St, Flemington, NJ 08822
      View Details
    • $345,000

      Updated Condo in Concord Ridge

      2-bedroom condo with updated kitchen, private deck, and community amenities.
      902 Wetherburn Ct, Flemington, NJ 08822
      View Details
    • $269,000

      Renovated Condo with Open Views

      Recently renovated one bed, one bath condo with balcony.
      1408 Normandy Ct, Flemington, NJ 08822
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.48-acre lot in Transition Commercial District, Flemington, NJ.
    Where is this commercial land located?
    The property is located at 12 Corcoran St Flemington, NJ.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - 1.48-acre lot in Flemington, NJ; - Located in Transition Commercial District; - Permitted principal uses include offices, medical office, childcare, indoor/outdoor recreation, theaters, higher education, and more
    (908) 782-6850
    Request Owner's contact information
    12 Corcoran St Flemington, NJ 08822
    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.
    12 Corcoran St
    Flemington, NJ 08822
    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
    12 Corcoran St Flemington, NJ 08822
    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

    We can help!
    Listing Contact
    Robert Schrieber
    (908) 782-6850
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.