Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Lot in Egg Harbor Title is generated by Realmo AI

    124 Leo Ave, Egg Harbor Township, NJ 08234

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $119,900

    LAND - Egg Harbor Township, NJ

    Lot size:
    0.32 Acres
    Added:
    Nov 15, 2025
    Days on Market:
    199
    Last Refresh:
    Jun 2 at 2:06 pm

    Property Features for 124 Leo Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RG2
    Standard status
    Active Under Contract
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1524

    We can help!

    Listing Contact
    GLADYS DELUCA

    Listing agent GLADYS DELUCA License #1433112

    Listing office eXp Realty - Montclair 28 Valley Rd, Suite 1, MONTCLAIR, NJ

    Listing date Nov 15, 2025

    MLS# 602410 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

    • Ready‑to‑build lot with sewer certification and utilities to the street.
    • Pine Lands credit already secured.
    • Completed survey and engineer designs for Pine Lands compliance.
    • Located in desirable Egg Harbor Township neighborhood.
    • Zoned residential, suitable for custom or prefab homes.
    • Close to top‑rated schools, restaurants, and shopping.

    Overview

    This 0.32-acre residential lot is located in Egg Harbor Township, New Jersey. Situated in a sought-after neighborhood, the property is near schools, restaurants, and shopping. The lot is zoned residential and suitable for a custom or prefab home. Sewer certification has been obtained, and utilities are available to the street. The property includes a completed survey and engineer designs for Pine Lands compliance, along with secured Pine Lands credit. The lot dimensions are 100' x 140'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Egg Harbor Township
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.628666
    Latitude
    39.424308

    Nearby Similar for Sale

    • $2,750,000
      8,910 SF

      Established Commercial Hub For Sale

      Commercial hub with strong tenancy and expansion potential.
      6206 Black Horse Pike, Egg Harbor Township, NJ 08234
      View Details
    • $924,999
      3,925 SF

      Professional Building in Egg Harbor

      Versatile office building with high visibility and ample parking.
      3110 Ocean Heights, Egg Harbor Township, NJ 08234
      View Details
    • $895,000
      9,433 SF

      Industrial Warehouse in Egg Harbor

      Versatile warehouse on 1.03 acres with excellent visibility.
      6064 Reega Ave, Egg Harbor Township, NJ 08234
      View Details
    • $674,999

      Commercial Land Near Airport

      4-acre commercial site near Atlantic City International Airport.
      6531 Delilah Road, Egg Harbor Township, NJ 08234-5148
      View Details
    • $550,000
      3,200 SF

      Mixed-Use Building in High-Traffic Area

      3,200 SF mixed-use building with high visibility and income potential.
      6702 Washington Ave, Egg Harbor Township, NJ 08234
      View Details
    • $550,000
      3,200 SF

      Mixed-Use Property in High-Traffic Area

      3,200 SF mixed-use building with high visibility and income potential.
      6702 Washington Ave, Egg Harbor Township, NJ 08234
      View Details
    • $1,100,000

      Class A Office Building

      Turnkey professional/medical facility in Egg Harbor Township, NJ.
      4096 English Creek Ave, Egg Harbor Township, NJ 08234
      View Details
    • $1,590,000

      Subdividable Land in Prime Location

      9.48 acres of land zoned for neighborhood business.
      5101 English Creek Ave, Egg Harbor Township, NJ 08234
      View Details
    • $1,590,000

      Prime Commercial Land Parcel

      9.48 acres in Egg Harbor Township, high-visibility location.
      5101 English Creek Ave, Egg Harbor Township, NJ 08234
      View Details
    • $475,000
      3,500 SF

      Versatile Commercial Property For Sale

      Commercial property with two spaces, ideal for investors/business owners.
      2588 Tilton Rd, Egg Harbor Township, NJ 08234
      View Details
    • $479,900

      Commercial - Egg Harbor Township, NJ

      Garden center with building, parking, and growth potential.
      643 Zion Rd, Egg Harbor Township, NJ 08234
      View Details
    • $349,000

      Commercial Land with Highway Frontage

      One-acre commercial property with house and garages on busy highway.
      2201 OCEAN HEIGHTS AVENUE, Egg Harbor Township, NJ 08234
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ready-to-build residential lot in a desirable Egg Harbor neighborhood.
    Where is this residential land & home lot located?
    The property is located at 124 Leo Ave Egg Harbor Township, NJ.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Ready‑to‑build lot with sewer certification and utilities to the street.; Pine Lands credit already secured.; Completed survey and engineer designs for Pine Lands compliance.
    (609) 317-3492
    We can help!
    Listing Contact
    GLADYS DELUCA
    Real Estate License ID: 1433112
    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 Leo Ave, Egg Harbor Township, NJ 08234
    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!