Add Listing
    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

    557 Main St Lumberton, NJ 08048

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $649,900

    Three-story apartment building featuring a mix of unit sizes.

    Lot size:
    0.34 Acres

    Property Features for 557 Main St

    General Information

    Standard status
    Contract
    Lot size
    0.34 Acres

    Building Details

    Year built
    1825

    We can help!

    Listing Contact
    Danielle Spilatore
    Danielle Spilatore
    Source: Corcoran

    Listing Agency: CALLAWAY HENDERSON SOTHEBY'S INT'L-PRINCETON Listing Agent: Danielle Spilatore

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

    Learn more

    Overview

    Nine-Unit Apartment Building For Sale

    This three-story apartment building comprises nine units. It features eight one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit. Units 1 through 5 are located on the main or first floor, units 6 and 7 are on the second floor, and units 8 and 9 are on the third floor. The square footage information is sourced from the Lumberton Township Tax Assessor. The property is located in Lumberton, New Jersey.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Lumberton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8075131
    Latitude
    39.9625203

    Nearby Similar for Sale

    • $900,000
      4,363 SF

      Multifamily Investment Opportunity in Lumberton

      Six-unit multifamily property with Rancocas Creek views in Lumberton, NJ.
      443 Landing St, Lumberton, NJ 08048
      View Details
    • $170,000

      Established Pizza Shop For Sale

      Turnkey pizza shop in high-traffic shopping center.
      1603 St Hwy 38, Lumberton, NJ 08048
      View Details
    • $300,000

      Mixed-Use Property with Garage Space

      Mixed-use property featuring garage and commercial space near Route 38.
      4 Easlick Ave, Lumberton, NJ 08048
      View Details
    • Contact for pricing

      Automotive Business and Redevelopment Site

      Turnkey automotive business and redevelopment site available for sale.
      1807 New Jersey 38, Lumberton, NJ 08048
      View Details
    • Contact for pricing

      Restaurant with Existing Drive-Thru

      Second generation restaurant in strong retail corridor with drive-thru.
      Holly Mt, Lumberton, NJ 08048
      View Details
    • $649,900
      0.34 Acres

      Lumberton Multi-Family Investment Opportunity

      Nine-unit apartment building in Lumberton, NJ.
      557 Main St, Lumberton, NJ 08048
      View Details

    FAQs

    What type of property is this?
    Apartment building - Three-story apartment building featuring a mix of unit sizes.
    Where is this apartment building located?
    The property is located at 557 Main St Lumberton, NJ.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Nine-unit apartment building offers immediate rental income potential.; - Attractive mix of unit types: Eight 1-bedroom/1-bath units and one 2-bedroom/2-bath unit.; - Three-story building allows for varied tenant preferences.
    (609) 921-1050
    Request Owner's contact information
    557 Main St Lumberton, NJ 08048
    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.
    557 Main St
    Lumberton, NJ 08048
    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
    557 Main St Lumberton, NJ 08048
    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
    Danielle Spilatore
    Danielle Spilatore
    (609) 921-1050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!