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    Farmhouse on Picturesque Acreage Title is generated by Realmo AI

    29 THREE BRIDGE ROAD, Monroeville, NJ 08343

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    Claim this Listing
    For Sale
    Under Contract
    $725,000

    SingleFamilyResidence - MONROEVILLE, NJ

    Type:Farm
    Property size:
    2,862 SF
    Lot size:
    11.19 Acres
    Price / SF:
    $253/SF
    Added:
    Jan 14, 2026
    Days on Market:
    123
    Last Refresh:
    May 17 at 12:06 pm

    Property Features for 29 THREE BRIDGE ROAD

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    2
    Interior features
    Attic, Bathroom - Tub Shower, Bathroom - Soaking Tub, Ceiling Fan(s), Combination Dining/Living, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Country, Kitchen - Eat-in, Kitchen - Island, Primary Bath(s)
    Exterior features
    Outbuilding(s)
    Standard status
    Active Under Contract
    Size
    2,862 SF
    Lot size
    11.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11127

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Chelsey Hogan Landwher

    Listing agent Chelsey Hogan Landwher

    Listing office BHHS Fox & Roach Mullica Hill 157 Bridgeton Pike, NJ

    Listing date Jan 14, 2026

    MLS# NJSA2017700 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, 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

    • Direct access to Elephant Swamp Trail via private gate - ideal for outdoor enthusiasts.
    • Enjoy space and privacy on this 11‑acre property set far off the road.
    • Spacious farmhouse‑style home with over 2,800 sq ft, featuring 4 bedrooms including a primary suite with ensuite bath.
    • Detached 25x50 garage suitable for vehicles, equipment, or hobbies.
    • Large eat‑in kitchen with abundant counter space and island.
    • Farm‑assessed land for tax savings.

    Overview

    Located in Monroeville, NJ, this farmhouse-style home is set back from the road on an 11.19-acre property. The property borders Elephant Swamp Trail, a multi-use trail suitable for hiking, running, dog walking, mountain biking, and horseback riding, with direct access through a private gate. The home features 2,862 square feet of living space, including four bedrooms. The primary suite includes an ensuite bath with a soaking tub and separate shower. Additional bedrooms have closet space and share a full hall bath. A second-floor laundry room is included. The eat-in kitchen features counter space and an island. Living spaces include a formal dining room, living room, and a family room with an electric fireplace. A mudroom with a side entrance is also present. The full basement provides storage and includes a sump pump. The home has natural gas heat. A detached 25x50 garage is suitable for vehicles, equipment, or hobbies. The land is currently farm-assessed for tax savings but is not farm preserved. The property is located close to Route 55 and has access to a school district, including preschool programs through Upper Pittsgrove Township and Woodstown High School. The property offers potential for outdoor activities and equestrian pursuits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Gym & Fitness Center Big Box & Wholesale Store HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.16008
    Latitude
    39.62346

    FAQs

    What type of property is this?
    Farm - Private farmhouse on 11 acres bordering Elephant Swamp Trail.
    Where is this farm located?
    The property is located at 29 THREE BRIDGE ROAD Monroeville, NJ.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Direct access to Elephant Swamp Trail via private gate - ideal for outdoor enthusiasts.; Enjoy space and privacy on this 11‑acre property set far off the road.; Spacious farmhouse‑style home with over 2,800 sq ft, featuring 4 bedrooms including a primary suite with ensuite bath.
    (678) 977-8861
    We can help!
    Listing Contact
    Chelsey Hogan Landwher
    Learn More
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    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.

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