Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Pennington, NJ 08534

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    7.10 acres of commercial land, convenient highway access.

    We can help!

    Listing Contact
    Patrick Dintrone
    Source: Nmrk

    Listing Agent: Patrick Dintrone

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

    Learn more

    Overview

    7.10 Acres Commercial Land For Sale

    This commercial land offering features 7.10 acres of space. The property is located approximately 2 miles from I-295, 6.8 miles from Route 1, and 21 miles from NJ Turnpike Exit 7A.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.8091
    Latitude
    40.3436

    Nearby Similar for Sale

    • $1,489,500

      Turn-Key Restaurant with Income Potential

      Fully operational restaurant and music studio in Pennington Borough.
      12 S Main St Unit #A, Pennington, NJ 08534
      View Details
    • $499,999

      Versatile Property in Pennington, NJ

      Adaptable property in Pennington, NJ, ideal for investment or residence.
      2405 Pennington Rd, Pennington, NJ 08534
      View Details
    • $799,000

      Stand-Alone Medical Office Building

      Freestanding building with medical office layout and ample parking.
      132 Pennington Rd, Pennington, NJ 08534
      View Details
    • $975,000
      3,509 SF

      Mixed-Use Property with Bank Lease

      Mixed-use property featuring a bank lease and residential apartments.
      228 W Delaware Ave, Pennington, NJ 08534
      View Details
    • Contact for pricing
      16,000 SF

      Industrial Property on 7.10 Acres

      16,000 SF industrial building on a 7.10 acre lot.
      1600 Reed Rd, Pennington, NJ 08534
      View Details
    • $4,200,000

      Cornerstone Court Retail Opportunity

      Retail property for sale at Cornerstone Court.
      1 Tree Farm Rd, Pennington, NJ 08534
      View Details
    • $2,495,000
      14,000 SF

      Industrial Property in Pennington, NJ

      14,000 SF industrial property available for sale.
      1607 Reed Rd, Pennington, NJ 08534
      View Details
    • Contact for pricing
      4.83 Acres

      Pennington Office Space - Route 31

      Class A Office, High Visibility, 4.83 Acres
      10 Route 31, Pennington, NJ 08534
      View Details
    • Contact for pricing
      1.72 Acres

      Pennington Retail Space - Lease Opportunity

      Turnkey Cafe/Deli Space - High Traffic Area
      129 Route 31, Pennington, NJ 08534
      View Details
    • $3,995,000
      10,000 SF

      Rosedale Mills: Pennington Restaurant

      Prime Pennington Restaurant, 10,000 SF, 3.9 Acres
      101 Nj-31, Pennington, NJ 08534
      View Details
    • Contact for pricing
      10,711 SF

      Prime Pennington Retail Space

      10,711 SF Retail Building, 2.5 Acres
      2 Nj-31, Pennington, NJ 08534
      View Details
    • $1,850,000
      6,236 SF

      Pennington Mixed-Use Gem

      Historic building, prime location, high ROI.
      24 Main St, Pennington, NJ 08534
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.10 acres of commercial land, convenient highway access.
    Where is this commercial land located?
    The property is located at Pennington, NJ.
    What are key features of this property?
    This property features: - 16,000 square feet of space; - Situated on a 7.10 acre lot; - Convenient access to I-295 (2 miles)
    (609) 532-8904
    Request Owner's contact information
    Pennington, NJ 08534
    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.
    Pennington, NJ 08534
    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
    Pennington, NJ 08534
    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
    Patrick Dintrone
    (609) 532-8904
    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.