Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mount Laurel Land Opportunity Title is generated by Realmo AI

    220 Hartford Road lot 43, Mount Laurel, NJ 08054

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 220 Hartford Road lot 43, Mount Laurel, NJ
    For Sale
    $495,000

    LAND - Mount Laurel, NJ

    Lot size:
    10.40 Acres
    Added:
    Jul 21, 2024
    Days on Market:
    675
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for 220 Hartford Road lot 43

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3 Res
    Standard status
    Active
    Lot size
    10.40 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8353

    We can help!

    Listing Contact
    Howard Watson

    Listing agent Howard Watson License #0230883

    Listing office eXp REALTY 28 Valley Road Suite 1, MONTCLAIR, NJ

    Listing date Jul 21, 2024

    MLS# 242148 Listing URL

    Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10+ acres in desirable Mount Laurel location
    • Potential for minor subdivision into two buildable lots
    • Convenient access to I‑295
    • Peaceful, wildlife‑filled surroundings
    • Existing home on the property (conveyed as‑is)
    • Close proximity to Union Mill Road

    Overview

    This property features just over 10 acres of land on Hartford Road in Mount Laurel, New Jersey. The land is located not far from the corner of Union Mill Road and is situated minutes from 295. The property is surrounded by wildlife. According to the listing, the land is suitable for a minor subdivision to produce a total of two buildable lots. Currently, a home sits on a portion of the property. The home is being conveyed as is and was recently occupied by the seller. The zoning is R3 Res.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Laurel
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.885565
    Latitude
    39.965296

    Nearby Similar for Sale

    • $6,200,000
      41,148 SF

      92-Room Hotel on 3.22 Acres

      92-room hotel on 3.22 acres in Mount Laurel, NJ.
      1132 Route 73, Mount Laurel, NJ 08054
      View Details
    • $4,200,000

      Mount Laurel Econo Lodge For Sale

      65-key Econo Lodge with upside potential in Mount Laurel.
      611 Fellowship Road, Mount Laurel, NJ 08054
      View Details
    • $1,450,000

      Prime Commercial Corner Site

      1.38-acre mixed-use commercial property at a signalized intersection.
      100 ARK Road, MOUNT LAUREL, NJ 08054
      View Details
    • $495,000

      Mount Laurel Land For Sale

      10+ acre land parcel in desirable Mount Laurel, New Jersey.
      220 HARTFORD Road, MOUNT LAUREL, NJ 08054
      View Details
    • $1,450,000

      Signalized Corner Commercial Site

      1.38-acre mixed-use commercial property at a high-traffic intersection.
      100 Ark Rd, MOUNT LAUREL, NJ 08054
      View Details
    • $489,900

      Land Available in Mount Laurel

      Land for sale in Mount Laurel, New Jersey.
      141 Creek Rd, Mount Laurel, NJ 08054
      View Details
    • $308,000

      Commercial Land in Mount Laurel

      1.84 AC lot ideal for new ventures and residential development.
      ATRIUM Way, MOUNT LAUREL, NJ 08054
      View Details
    • $700,000

      Church Building Near Rancocas Woods

      Well-maintained church on a wooded lot with expansion potential.
      240 Creek Rd, MOUNT LAUREL, NJ 08054
      View Details
    • Contact for pricing
      20,600 SF

      Mount Laurel Office Building

      Professional/medical office building for sale or lease in Mount Laurel.
      813 E Gate Dr, Mount Laurel, NJ
      View Details
    • $315,000

      Move-in Ready Condo with Loft

      Updated 2 bed, 2 bath condo with spacious loft.
      208 SEDGEFIELD DR DRIVE, MOUNT LAUREL, NJ 08054
      View Details
    • Contact for pricing
      44,721 SF

      Mount Laurel Industrial Building

      44,721 SF industrial building with highway access.
      2035 Briggs Road, Mount Laurel, NJ 08054
      View Details
    • $145,000

      Half Acre Land For Sale

      Land for sale in the heart of Mt. Laurel.
      5 Birch Dr, MOUNT LAUREL, NJ 08054
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10+ acres in Mount Laurel, suitable for subdivision.
    Where is this residential land & home lot located?
    The property is located at 220 Hartford Road lot 43 Mount Laurel, NJ.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 10+ acres in desirable Mount Laurel location; Potential for minor subdivision into two buildable lots; Convenient access to I‑295
    (856) 625-5900
    We can help!
    Listing Contact
    Howard Watson
    Real Estate License ID: 0230883
    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
    220 Hartford Road lot: 43, Mount Laurel, NJ 08054
    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!