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

    91 Matisse Avenue, Barnegat, NJ 08005

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant land with no current street access.

    Type:Land or Vacant Lot
    Lot size:
    0.45 Acres
    Added:
    May 11, 2025
    Days on Market:
    376
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 91 Matisse Avenue

    General Information

    Standard status
    Active
    Lot size
    0.45 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    SUSAN SPASCHAK

    Listing agent SUSAN SPASCHAK License #1538874

    Listing office WEICHERT REALTORS-SHIP BOTTOM

    Listing date May 11, 2025

    Source Corcoran

    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 WEICHERT REALTORS-SHIP BOTTOM

    HighLights

    • Vacant land available.
    • Close to half acre in size.
    • Buyer to do their own due diligence regarding use of land.
    • Landlocked property.
    • No current street access.
    • Additional property details available.

    Overview

    This is close to half an acre of landlocked vacant land with no current street access. Buyers should perform their own due diligence regarding land use.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Barnegat
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.3306
    Latitude
    39.7838

    Nearby Similar for Sale

    • $1,395,000
      2,468 SF

      Versatile Commercial Building on Main Street

      High-visibility commercial building with flexible units and ample parking.
      396 N Main Street, Barnegat, NJ 08005
      View Details
    • $425,000
      1,600 SF

      Barnegat Mixed-Use Property on 1.3 Acres

      Expanded ranch on 1.3 acres with commercial zoning.
      135 S Main Street, Barnegat, NJ 08005
      View Details
    • $1,500,000
      2,404 SF

      Barnegat Commercial Opportunity on Main

      Versatile property on 2.1 acres with redevelopment potential.
      439 N Main Street, Barnegat, NJ 08005
      View Details
    • $309,900

      Warren Grove 18+ Acre Parcel

      18+ acre parcel near LBI to build your dream home.
      Cedar Bridge Road, Barnegat, NJ 08005
      View Details
    • $125,000

      Barnegat Land Near Local Amenities

      Three lots near school, shopping, and transportation in Barnegat, NJ.
      59 Tuckerton Avenue, Barnegat, NJ 08005
      View Details
    • $725,000
      2,816 SF

      Established Restaurant with Ice Cream Parlor

      Turnkey 70-seat restaurant with ice cream parlor in high-traffic area.
      688 E Bay Avenue, Barnegat, NJ 08005
      View Details
    • $89,000

      Vacant Land Near Golf Course

      Vacant lot in Barnegat, close to amenities and parkway.
      655 Lighthouse Drive, Barnegat, NJ 08005
      View Details
    • $79,000
      10,000 SF

      Vacant Land in Barnegat Township

      Vacant lot in Barnegat, close to amenities and transportation.
      46 Harpoon Drive, Barnegat, NJ 08005
      View Details
    • $89,000

      Vacant Lot Backing Golf Course

      Vacant land in Barnegat near shopping, schools, and parkway.
      653 Lighthouse Drive, Barnegat, NJ 08005
      View Details
    • $825,000
      2,742 SF

      Freestanding Former Bank Building

      Freestanding 2,742 SF former bank on 2.93 acre parcel.
      242 S Main St, Barnegat, NJ
      View Details
    • $1,395,000
      2,468 SF

      Versatile Commercial Building on Main

      Commercial office building with high visibility and abundant parking.
      396 N Main Street, Barnegat, NJ 08005
      View Details
    • $900,000

      Waterfront Residential Lot Opportunity

      Premium waterfront lot with DEP permit ready for building.
      125 Clifton Road, Barnegat, NJ 08005
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land with no current street access.
    Where is this land located?
    The property is located at 91 Matisse Avenue Barnegat, NJ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant land available.; Close to half acre in size.; Buyer to do their own due diligence regarding use of land.
    (609) 494-6000
    We can help!
    Listing Contact
    SUSAN SPASCHAK
    Real Estate License ID: 1538874
    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
    91 Matisse Avenue, Barnegat, NJ 08005
    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!