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

    150 Lighthouse Dr Waretown, NJ 08758

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,900

    Buildable 60 x 100 ft lot near the bay.

    Property Features for 150 Lighthouse Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    David Deleo
    Source: Corcoran

    Listing Agent: David Deleo

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

    Learn more

    Property Insight Report

    Overview

    Residential Lot Near the Bay

    This property features a 60 ft x 100 ft lot situated a few lots from the bay. According to town records, the lot is buildable, but prospective buyers should conduct their own due diligence. FEMA maps indicate the property is located in the AE zone, with a 1% flood chance. Any new construction on this lot would need to meet specific elevation requirements, and verification with the town's building and zoning department is recommended.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Accounting Firm Big Box & Wholesale Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waretown
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.180647
    Latitude
    39.80161

    Nearby Similar for Sale

    • $450,000
      2,434 SF

      Charming 1800s Multifamily Home

      Multifamily home with versatile layout, ideal for various uses.
      70 Main St, Waretown, NJ 08758
      View Details
    • $450,000
      2,304 SF

      Charming Multifamily Home with Assumable Loan

      Versatile multifamily property with assumable loan in Waretown, NJ.
      70 Main St, Waretown, NJ 08758
      View Details
    • $1,495,000

      Waretown Marina with Boat Slips

      Marina with 130 slips, direct access to Barnegat Bay.
      76 Oregon Ave, Waretown, NJ 08758
      View Details
    • $555,000
      2,000 SF

      Route 9 Automotive Shop

      2000 sq ft automotive shop on 0.95 acres.
      307 Route 9, Waretown, NJ 08758
      View Details
    • $499,900
      0.60 Acres

      Waterfront Lot in Waretown, NJ

      Waterfront lot with potential for a custom home or getaway.
      3 Dock Ave, Waretown, NJ 08758
      View Details
    • $499,900
      0.60 Acres

      Waterfront Lot in Coastal Waretown

      Waterfront lot in Waretown, offering water views and endless potential.
      3 Dock Ave, Waretown, NJ 08758
      View Details
    • $350,000
      Pending

      Waretown Commercial Pole Barn For Sale

      Commercial pole barn with office, half bath, and parking.
      35 Clearwater Dr, Waretown, NJ 08758
      View Details
    • $619,000

      Greenbriar Oceanaire Golf Course Home

      55+ community home overlooking golf course with many amenities.
      16 Belmar Blvd, Waretown, NJ 08758
      View Details
    • $497,000
      576 SF

      Waretown Multi-Family Investment

      High-traffic Hwy 9 location, two buildings.
      446 Route 9, Waretown, NJ 08758
      View Details
    • $575,000
      2,300 SF

      Waretown Mixed-Use Investment Opportunity

      Busy location, barber shop, 2 apartments.
      463 Rte 9 Hwy, Waretown, NJ 08758
      View Details
    • $125,000
      4.01 Acres

      1 Dr, Waretown, NJ 08758

      Investment properties • 4.01 Acres
      1 Dr, Waretown, NJ 08758
      View Details

    FAQs

    What type of property is this?
    Land - Buildable 60 x 100 ft lot near the bay.
    Where is this land located?
    The property is located at 150 Lighthouse Dr Waretown, NJ.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - 60 X 100 FT Lot; - Few Lots From The Bay; - Town Said It Is Buildable
    Request Owner's contact information
    150 Lighthouse Dr Waretown, NJ 08758
    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.
    150 Lighthouse Dr
    Waretown, NJ 08758
    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
    150 Lighthouse Dr Waretown, NJ 08758
    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
    David Deleo
    Learn more
    Google sign-in failed. Please try again or use another login method.