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    32 E Hampton St Pemberton, NJ 8068

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    1.7 acres of vacant land in Pemberton Boro.

    Type:Land
    Lot size:
    1.70 Acres
    Added:
    Nov 29, 2023
    Days on Market:
    875
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 32 E Hampton St

    General Information

    Standard status
    Active
    Lot size
    1.70 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Steven Depetris

    Listing agent Steven Depetris License #AR B-20181

    Listing office Legend Properties Inc

    Listing date Nov 29, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Legend Properties Inc

    Overview

    Pemberton Vacant Land For Sale

    This 1.7-acre vacant land parcel is located at the signalized intersection of the Pemberton Bypass (E Hampton Rd.) and Magnolia Rd. Situated in one of the main retail areas of Pemberton Boro, the site benefits from the presence of nearby national tenants. Opportunities are available for build-to-suit, sale, or ground lease, with approximately 0.8 acres available for lease. A concept plan suggests the potential for a 10,000 square foot freestanding retail or medical building. The property offers excellent access and visibility, with estimated traffic counts exceeding 16,000 cars per day. Strategically located in a growth area of Burlington County, the site has water and sewer available. A Consumption Liquor License is available for a restaurant. Ideal uses include retail, medical, freestanding restaurant (QSR or Fast Casual), or automotive.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Pemberton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.6886407
    Latitude
    39.9679506

    Nearby Similar for Sale

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      Pemberton Land Development Opportunity

      2.98 acre R-1 zoned lot near commercial area.
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    • $389,900
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      Commercial

      266 Pointville Rd, PEMBERTON, NJ 08068
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    • $849,000
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      Historic Pemberton Farm Opportunity

      14-acre farm with development potential in Pemberton, New Jersey.
      141 Arneys Mount Rd, PEMBERTON, NJ 08068
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    • $375,000
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      Pemberton Borough Investment Opportunity

      Five-unit investment property in Pemberton Borough with diverse income streams.
      88-90 Hanover Street, Pemberton Bor, NJ 08068
      View Details
    • $1,250,000
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      Land or Vacant Lot

      5 Pea Patch Rd, PEMBERTON, NJ 08068
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    FAQs

    What type of property is this?
    Commercial land - 1.7 acres of vacant land in Pemberton Boro.
    Where is this commercial land located?
    The property is located at 32 E Hampton St Pemberton, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime 1.7 acres at signalized intersection of Pemberton Bypass and Magnolia Rd; Excellent access and visibility with est. traffic counts of over 16,000 cars/day; Located in main retail area with other national tenants nearby
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steven Depetris
    Real Estate License ID: AR B-20181
    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.

    More about this property
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