Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    318 Nj-94 Vernon, NJ 07462

    Sponsored
    For Lease
    Contact for pricing

    Description

    Added:
    Jan 21, 2026
    Days on Market:
    2
    We’re marketing a pad-ready ground lease at 318 Route 94, Vernon, NJ, well-positioned on Vernon’s primary commercial corridor serving both daily commuters and year-round resort traffic (Mountain Creek / Crystal Springs).

    Why this site fits:
    - Pad site: ± 38,000 SF ground lease (configurable).
    - Drive-thru friendly: Building and site can be planned for dual- or single-lane drive-thru, subject to municipal approvals.
    - Visibility & access: Prominent Route 94 frontage with full-motion exposure and pylon/signage potential.
    - Trade area drivers: Resort/tourism + strong weekend peaks; steady local rooftops and daytime population.
    - Utilities: Public water/sewer and standard commercial power available (details on request).

    We can share a survey, concept fit plan, and preliminary civil notes to validate stacking, circulation, parking, and signage zones. If you’ll send your prototype criteria (building footprint, queue/stack, parking ratios, stall length, loading, trash corral specs), we’ll turn around a fast test-fit.

    If the site aligns, we’re prepared to move quickly on:
    - Ground lease economics: Market-competitive base rent with standard escalations (open to discussing TI/offsets).
    - Delivery timing: Coordinated schedule to meet your development calendar.
    - Entitlements: We’ll quarterback the site plan and approvals with your team’s requirements.

    Property Features for 318 Nj-94

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    TSF (Total sq. ft)
    38,000-38,000 SF
    Total Parking Spaces
    35
    Lease Term
    Monthly

    We can help!

    Listing Contact
    Glenn La Mattina
    Glenn La Mattina

    Learn more

    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Vernon
    State
    New Jersey
    Longitude
    -74.5015034
    Latitude
    41.1915834

    Nearby Comparable

    • $19 SF/Yr

      Vernon Office Building on Rt 94

      Centrally located office building suitable for medical or professional use.
      212 State Rt 94, Vernon, NJ 07462
      View Details
    • $60,000

      Vernon Township Commercial Space

      Commercial space available for rent in Vernon Township, NJ.
      5 State Rt 94, Vernon, NJ 07462
      View Details
    • $1,750 /Mo

      First Floor Office Space Available

      First floor office space with handicapped access and parking.
      6 Church St, Vernon, NJ 07462
      View Details
    • Contact for pricing
      92,646 SF

      Vernon Valley Plaza Retail Space

      Prime Vernon, NJ Retail Opportunity
      530 Co Rd 515, Vernon Township, NJ 07462
      View Details
    • $1,500 /Mo
      2,985 SF

      Medical/Professional Space Near Mountain Creek

      Approximately 987 sq ft space perfect for medical/professional/wellness use.
      276 Rt94, Vernon, NJ 07462
      View Details
    • $1,550 /Mo
      1,080 SF

      Turn Key Office Space

      Office space featuring private offices and a conference room.
      1 State Rt 94, Vernon, NJ 07462
      View Details
    • Contact for pricing
      5,000 SF

      Grocery Anchored Shopping Center Space

      75,128 SF shopping center anchored by high-volume Acme.
      455 State Rt 23, Wantage, NJ 07461
      View Details
    • $595 /Mo
      121,968 SF

      Office Suites in Hamburg Boro

      Individual office suites available for rent in Hamburg Boro.
      106 Quarry Rd Commer Ctr, Hamburg, NJ 07419
      View Details
    • $10,000 /Mo

      2.5 Acres Parking With Building

      2.5 acres of parking with building included for rent.
      30 Gingerbread Castle Rd, Hamburg, NJ 07419
      View Details
    • $2,550 /Mo

      Renovated 3BR Apartment with Parking

      Completely renovated 3BR apartment with parking near town amenities.
      55 Gingerbread Castle Rd, Hamburg, NJ 07419
      View Details
    • $385 /Mo
      20,473 SF

      Commercial Garage with Attic Storage

      Two-bay garage with newer roof and walk-up attic.
      2-4 Hamburg Ave, Sussex, NJ 07461
      View Details

    Nearby Similar for Lease

    • $1,500 /Mo
      2,985 SF

      Medical/Professional Space Near Mountain Creek

      Approximately 987 sq ft space perfect for medical/professional/wellness use.
      276 Rt94, Vernon, NJ 07462
      View Details
    • $1,550 /Mo
      1,080 SF

      Turn Key Office Space

      Office space featuring private offices and a conference room.
      1 State Rt 94, Vernon, NJ 07462
      View Details
    • $1,750 /Mo

      First Floor Office Space Available

      First floor office space with handicapped access and parking.
      6 Church St, Vernon, NJ 07462
      View Details
    • $19 SF/Yr

      Vernon Office Building on Rt 94

      Centrally located office building suitable for medical or professional use.
      212 State Rt 94, Vernon, NJ 07462
      View Details
    • $60,000

      Vernon Township Commercial Space

      Commercial space available for rent in Vernon Township, NJ.
      5 State Rt 94, Vernon, NJ 07462
      View Details

    FAQs

    Where is this land located?
    The property is located at 318 Nj-94 Vernon, NJ.
    (973) 202-2563
    Request Owner's contact information
    318 Nj-94 Vernon, NJ 07462
    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.
    318 Nj-94
    Vernon, NJ 07462
    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
    318 Nj-94 Vernon, NJ 07462
    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
    Glenn La Mattina
    Glenn La Mattina
    (973) 202-2563
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.