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

    305-313 E Black Horse Pike Pleasantville, NJ 08232

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Highly visible commercial lot in Urban Enterprise Zone.

    Lot size:
    0.30 Acres

    Property Features for 305-313 E Black Horse Pike

    General Information

    Lot size
    0.30 Acres

    We can help!

    Listing Contact
    eXp Realty - Montclair
    Source: Kw

    Listing Agent: eXp Realty - Montclair

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

    Learn more

    Overview

    Commercial Lot on Black Horse

    This commercial lot is located at the corner of Black Horse Pike and Lyons Court in Pleasantville. The property is situated within the Urban Enterprise Zone (UEZ) and offers highway frontage and exposure. It is suitable for businesses seeking visibility and accessibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasantville
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5845
    Latitude
    39.4151

    Nearby Similar for Sale

    • New
      $600,000
      4,140 SF

      Versatile Commercial Building in Pleasantville

      Highly visible commercial building in an Urban Enterprise Zone.
      392 S New Rd Rd, Pleasantville, NJ 08232
      View Details
    • $250,000
      0.40 Acres

      Commercial Building on Main Street

      Commercial building suitable for business, office, or professional use.
      1416 N Main St, Pleasantville, NJ 08232
      View Details
    • $475,000

      Mixed-Use Investment Opportunity

      High-visibility corner property with commercial space and residential units.
      101 E Black Horse Pike, Pleasantville, NJ 08232
      View Details
    • New
      $899,000
      5,400 SF

      Mixed-Use Property with Development Potential

      Four shops, warehouse, apartment, and laundromat approvals in Pleasantville.
      901-911 N Main St, Pleasantville, NJ 08232
      View Details
    • $269,775
      1,248 SF

      Income-Producing Multifamily Duplex

      Multifamily duplex with income potential in a prime location.
      15 E Adams Ave Ave, Pleasantville, NJ 08232
      View Details
    • $449,900
      2,400 SF

      Pleasantville Triplex Investment Opportunity

      Income-producing triplex suitable for residential, commercial, or mixed-use purposes.
      414 W Washington Ave Ave, Pleasantville, NJ 08232
      View Details
    • $449,900
      2,400 SF

      Income-Producing Mixed-Use Investment Opportunity

      Mixed-use property with income potential in Pleasantville, New Jersey.
      414 W Washington Ave, Pleasantville, NJ 08232
      View Details
    • $849,000
      0.50 Acres

      Pleasantville Industrial Building with Offices

      6,200 SF industrial building with office suites and UEZ benefits.
      619 Church St, Pleasantville, NJ 08232
      View Details
    • $299,000
      4,100 SF

      Pleasantville Commercial Property For Sale

      4,100 SF commercial property with high traffic exposure and UEZ incentives.
      121-123 S Main St, Pleasantville, NJ 08232
      View Details
    • $299,000

      Pleasantville Commercial Property For Sale

      4,100 SF commercial property in Pleasantville's business district.
      123 S Main St St, Pleasantville, NJ 08232
      View Details
    • $299,000

      Pleasantville Commercial Property For Sale

      4,100 SF commercial property with high traffic exposure and tax incentives.
      123 S Main St St, Pleasantville, NJ 08232
      View Details
    • New
      $625,000
      5,000 SF

      Rebuilt Retail Space in Pleasantville

      Modern 5000 sq ft retail space with expansion potential.
      634 N Main St, Pleasantville, NJ 08232
      View Details

    FAQs

    What type of property is this?
    Land - Highly visible commercial lot in Urban Enterprise Zone.
    Where is this land located?
    The property is located at 305-313 E Black Horse Pike Pleasantville, NJ.
    What is the asking price?
    The asking price for this property is $1,300.
    What are key features of this property?
    This property features: - Highly visible commercial lot at a corner location.; - Located on Black Horse Pike (Verona Ave).; - Situated within the Urban Enterprise Zone (UEZ).
    Request Owner's contact information
    305-313 E Black Horse Pike Pleasantville, NJ 08232
    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.
    305-313 E Black Horse Pike
    Pleasantville, NJ 08232
    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
    305-313 E Black Horse Pike Pleasantville, NJ 08232
    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
    eXp Realty - Montclair
    Learn more
    Google sign-in failed. Please try again or use another login method.