Add Listing
    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

    1870 Route 38 Southampton, NJ 08088

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    29.5-acre parcel on Route 38, ideal for development.

    Lot size:
    29.50 Acres

    Property Features for 1870 Route 38

    General Information

    Standard status
    Active
    Lot size
    29.50 Acres

    We can help!

    Listing Contact
    Dawn A Ochs
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS REALTY OCEAN LIVING Listing Agent: Dawn A Ochs

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

    Learn more

    Overview

    Route 38 Development Opportunity

    This 29.5-acre parcel is located directly on Route 38. Currently, 14 acres are Farmland Qualified. The property offers highway visibility, making it suitable for commercial or residential recreation projects. This parcel is part of the South Pemberton Road (Route 38) Redevelopment Area. The township identified this specific stretch of Route 38 as an ''Area in Need of Non-Condemnation Redevelopment.''
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Storage Facility Grocery & Convenience Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Southampton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.744705
    Latitude
    39.970997

    Nearby Similar for Sale

    • $479,900
      0.59 Acres

      Highway Commercial Buildings For Sale

      Retail/Commercial/Office buildings on State Highway 206, Southampton, NJ.
      1666 Route 206, Southampton, NJ 08088
      View Details
    • $350,000

      Established Beauty Shop For Sale

      Retail space with long-term tenant and parking.
      33 Plum St, Southampton, NJ 08088
      View Details
    • $399,000

      Professional Office on Route 206

      Well-maintained office building on a highly visible one-acre lot.
      1531 Route 206, Tabernacle, NJ 08088
      View Details
    • Contact for pricing
      2,350 SF

      Route 206 Commercial Property

      Well-maintained commercial property on 2.8 acres with high visibility.
      1507 Route 206, Tabernacle, NJ 08088
      View Details
    • $850,000
      1,536 SF

      Farmland Rancher with Multiple Buildings

      43-acre farm with pastures, barn, and multiple outbuildings.
      214 Buddtown Rd, Southampton, NJ 08088
      View Details
    • $789,000

      Unique Bank Building on Route

      Well-maintained commercial property with high visibility and distinctive architectural features.
      1507 Rte, Tabernacle, NJ 08088
      View Details
    • $675,000
      2,036 SF

      Farm with Barn and Pond

      Farm property featuring a pond, barn, and landscaped grounds.
      103 Nanticoke Trl, Shamong, NJ 08088
      View Details
    • $349,000
      768 SF

      certifications

      etc. Presently has a Cesspool
      1501 Route 206, Tabernacle, NJ 08088
      View Details
    • $789,900
      2,350 SF

      Route 206 Commercial Property

      Prime 2.8-acre office building, high visibility
      1507 Route 206, Tabernacle, NJ 08088
      View Details
    • $1,599,000
      9,500 SF

      000+- vehicles exposure daily. Will Support Ten Thousand (10

      000) Square Foot BuildingPrivate well and septic
      2-4-6 Eayrestown Rd, Southampton, NJ 08088
      View Details
    • $579,000
      2.12 Acres

      Shamong Retail Building - 2 Acres

      Prime retail space, 2.12 acres, high visibility.
      276 Indian Mills Rd, Shamong, NJ 08088
      View Details
    • $675,000
      2,036 SF

      Shamong Oasis Home with Farm

      Three-bedroom home with barn, pond, and pasture on 2.81 acres.
      103 Nanticoke Trl, Shamong, NJ 08088
      View Details

    FAQs

    What type of property is this?
    Commercial land - 29.5-acre parcel on Route 38, ideal for development.
    Where is this commercial land located?
    The property is located at 1870 Route 38 Southampton, NJ.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime development opportunity on highly traveled Route 38 corridor.; - Expansive 29.5-acre parcel, offering significant development potential.; - Strategic highway visibility for maximum exposure.
    (732) 536-9010
    Request Owner's contact information
    1870 Route 38 Southampton, NJ 08088
    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.
    1870 Route 38
    Southampton, NJ 08088
    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
    1870 Route 38 Southampton, NJ 08088
    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
    Dawn A Ochs
    (732) 536-9010 (848) 241-6955
    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!