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

    871 Corkery Ln Williamstown, NJ 08094

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

    Four-unit residential building on 10.2 acres, excellent investment opportunity.

    Lot size:
    10.09 Acres

    Property Features for 871 Corkery Ln

    General Information

    Standard status
    Active
    Lot size
    10.09 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Raj Khullar
    Source: Exitrealty

    Listing Agency: BHHS Fox & Roach-Northfield Listing Agent: Raj Khullar

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

    Learn more

    Overview

    Multi-Family Property on 10.2 Acres

    This four-family residential property, situated on 10.2 acres, presents an investment opportunity with rental income potential. The building features four fully rented units on month-to-month leases. There are two one-bedroom apartments, each including a living room, kitchen, and full bath. Additionally, there are two two-bedroom apartments, each also equipped with a living room, kitchen, and full bath. The property is well-maintained and includes a newer roof and water softener. The location is near modern single-family homes and is situated minutes from Philadelphia and Gloucester Outlets. It is also close to restaurants, fitness centers, Wawa, Walmart, major banks, and public transportation. This property is suited for redevelopment or multi-purpose use.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Grocery & Convenience Store Gym & Fitness Center Accounting Firm Bar & Pub Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamstown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.9514
    Latitude
    39.6478

    Nearby Similar for Sale

    • $899,000
      4,667 SF

      Versatile Commercial Property on Black Horse Pike

      Commercial property with showroom, warehouse, and expansion potential.
      1250 N Black Horse Pike, Williamstown, NJ 08094
      View Details
    • $415,000
      2,320 SF

      Williamstown Multi-Family Property For Sale

      Multi-family property in Williamstown, NJ, with 2,320 square feet.
      427 Church St, Williamstown, NJ 08094
      View Details
    • $150,000
      0.14 Acres

      Versatile Commercial Property Near Highway

      Commercial property with office, reception, shelving, and work area.
      430 New Brooklyn Rd, Williamstown, NJ 08094
      View Details
    • $899,900
      2,875 SF

      Multi-Family Property on 10 Acres

      Four-unit residential property on 10.2 acres with redevelopment potential.
      871 Corkery Ln, Williamstown, NJ 08094
      View Details
    • $995,000
      5,000 SF

      Restaurant/Bar Opportunity on Black Horse

      Restaurant/Bar location on 3.62 acres with expansion potential.
      40 E Black Horse Pike, Williamstown, NJ 08094
      View Details
    • $4,450,000

      Winery and Vineyard For Sale

      Winery with tasting room, storage, and outdoor areas on 115+/- acres.
      870 W Malaga Rd, Williamstown, NJ 08094
      View Details
    • $1,025,000

      Operating Nursery on 7 Acres

      Established nursery with high visibility, development potential.
      S Black Horse Park, Williamstown, NJ
      View Details
    • $989,000
      3,097 SF

      20

      20 QFarm
      292 Radix Rd, Williamstown, NJ 08094
      View Details
    • $299,890
      2,790 SF

      Williamstown Office Building - High Visibility

      Prime Office Space, High Traffic Location, Two Units
      1120 Main St, Williamstown, NJ 08094
      View Details
    • $475,000
      2,800 SF

      Williamstown Commercial Building - Turnkey Ready

      Prime Williamstown location, fully renovated, includes equipment.
      2517 Fries Mill Rd, Williamstown, NJ 08094
      View Details
    • $1,025,000
      1,000 SF

      Williamstown Retail Property - 7 Acres

      Busy Road, High Visibility, 1000 sqft
      4223 Black Horse Park, Williamstown, NJ 08094
      View Details
    • $449,900
      4,500 SF

      Williamstown Mixed-Use Investment

      Prime Black Horse Pike location, versatile space.
      1520 Black Horse Pike, Williamstown, NJ 08094
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit residential building on 10.2 acres, excellent investment opportunity.
    Where is this quadplex located?
    The property is located at 871 Corkery Ln Williamstown, NJ.
    What are key features of this property?
    This property features: - 10.2 Acres of Land in High-Demand Area; - Strong Rental Income Potential with 4 Fully Rented Units; - Prime Location Minutes from Philadelphia & Gloucester Outlets
    (609) 646-1900
    Request Owner's contact information
    871 Corkery Ln Williamstown, NJ 08094
    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.
    871 Corkery Ln
    Williamstown, NJ 08094
    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
    871 Corkery Ln Williamstown, NJ 08094
    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
    Raj Khullar
    Real Estate License ID: 0673568
    (609) 646-1900
    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!