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

    124 E Jimmie Leeds Road, Galloway Township, NJ 08205

    View on Map
    Claim this Listing
    For Sale
    $399,000

    LAND - Galloway Township, NJ

    Lot size:
    3.98 Acres
    Added:
    Oct 17, 2025
    Days on Market:
    217
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 124 E Jimmie Leeds Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.98 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    17250

    We can help!

    Listing Contact
    SAMANTHA ZERAFA ROESSLER
    SAMANTHA ZERAFA ROESSLER

    Listing agent SAMANTHA ZERAFA ROESSLER License #0786665

    Listing office FORESITE COMMERCIAL REALTY 2408 NEW ROAD, NJ

    Listing date Oct 17, 2025

    MLS# 601976 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner lot with high visibility and significant frontage (475'+/- feet on E. Jimmie Leeds, 500'+/- feet on 2nd Ave).
    • Development opportunity on a substantial 3.98+/- acre lot.
    • Zoned PRO (professional), offering various business possibilities.
    • Strategically located near major amenities like Starbucks, Dunkin, UPS, CVS, TD Bank, and City Hall (within 1+/- mile).
    • Close proximity to key institutions: Stockton University and AtlantiCare Regional Medical Center Mainland Campus.
    • Convenient access to Garden State Parkway exit 41.

    Overview

    This 3.98+/- acre corner lot is available for sale, presenting a development opportunity. The property features approximately 475 feet of frontage on E. Jimmie Leeds Road and over 500 feet on 2nd Avenue. It is zoned PRO (professional). The location is across the street from Fulton Bank, Galloway Dental, and Children's Academy Daycare. A new AtlantiCare Physical Rehabilitation center is under construction less than 0.5 miles away. The site is located within approximately 1 mile of a new Starbucks, Dunkin, UPS, CVS, TD Bank, and City Hall. The property is near Stockton University and AtlantiCare Regional Medical Center Mainland Campus, with access to Garden State Parkway exit 41. No approvals are in place and must be sought.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Galloway Township
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4957
    Latitude
    39.473

    Nearby Similar for Sale

    • $595,000
      3,500 SF

      Galloway Township Office Building

      Prime office building suitable for many uses on 3/4 acre.
      701 Somerstown Ln, Galloway Township, NJ 08205
      View Details
    • $6,900,000
      43,000 SF

      Galloway Township Commercial Showroom

      Premier showroom on 2.58 acres with highway frontage.
      219 E White Horse Pike, Galloway Township, NJ 08205
      View Details
    • $1,510,000
      10,330 SF

      Single Floor Professional Office Building

      10,330+/- SF office building near town center.
      236 E Jimmie Leeds Road, Galloway Township, NJ 08205-4134
      View Details
    • $999,999

      Rockin' J Ranch Opportunity

      20-acre South Jersey ranch with equestrian and development potential.
      236 Leipzig Ave, Galloway Township, NJ 08215
      View Details
    • $379,450
      2,268 SF

      Galloway Township Mixed-Use Property

      Live and work in this renovated Galloway Township property.
      909 W White Horse Pike, Galloway Township, NJ 08215
      View Details
    • $369,775

      Galloway Township Land For Sale

      5.25 acre commercial land parcel in Galloway Township, NJ.
      E Great Creek Road, Galloway Township, NJ 08205
      View Details
    • $23

      Galloway Township Office Suite

      2,400 SF office suite near AtlantiCare and Stockton University.
      4 E Jimmie Leeds Rd Road, Galloway Township, NJ 08205
      View Details
    • $199,000

      Galloway Township Redevelopment Opportunity

      Redevelopment opportunity in a designated Redevelopment Zone.
      613-615 S New York Road, Galloway Township, NJ 08205
      View Details
    • $495,000

      Galloway Township Commercial Land

      Vacant commercial land in up-and-coming business district.
      W White Horse Pike, Galloway Township, NJ 08205
      View Details
    • $165,000

      Galloway Township Land Opportunity

      Multiple lots in prime location, suitable for commercial or residential.
      45 W White Horse, Galloway Township, NJ 08205
      View Details
    • $425,000

      Galloway Township Land Redevelopment Opportunity

      1.1-acre R-1 zoned property ideal for redevelopment.
      222 W Jimmie Leeds Road, Galloway Township, NJ 08205
      View Details
    • $495,000

      Galloway Township Commercial Land

      Prime commercial land in up-and-coming business district.
      W White Horse Pike, Galloway Township, NJ 08205
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot development opportunity in Galloway Township, New Jersey.
    Where is this commercial land located?
    The property is located at 124 E Jimmie Leeds Road Galloway Township, NJ.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime corner lot with high visibility and significant frontage (475'+/- feet on E. Jimmie Leeds, 500'+/- feet on 2nd Ave).; Development opportunity on a substantial 3.98+/- acre lot.; Zoned PRO (professional), offering various business possibilities.
    (609) 646-1919
    We can help!
    Listing Contact
    SAMANTHA ZERAFA ROESSLER
    SAMANTHA ZERAFA ROESSLER
    Real Estate License ID: 0786665
    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
    124 E Jimmie Leeds Road, Galloway Township, NJ 08205-4134
    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!