Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    328 Us Highway 202 Flemington, NJ 8822

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,950,000

    Vacant land available for sale.

    Type:Commercial
    Lot size:
    11.83 Acres
    Added:
    May 2, 2023
    Days on Market:
    1096
    Last Refresh:
    Apr 5 at 8:19 pm

    Property Features for 328 Us Highway 202

    General Information

    Standard status
    Active
    Lot size
    11.83 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    JOHN H. CARRIERE
    JOHN H. CARRIERE

    Listing agent JOHN H. CARRIERE

    Listing office BHHS FOX & ROACH

    Listing date May 2, 2023

    Source Corcoran

    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 BHHS FOX & ROACH

    Overview

    Vacant Land For Sale

    This is vacant land that has never had a building or any structure on it.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Flemington
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8489
    Latitude
    40.5042

    Nearby Similar for Sale

    • $895,000
      5,888 SF

      Readington Twp. Office Building For Sale

      Two-story office complex on Route 202 in Readington Twp.
      699 Route 202 South, Readington Twp., NJ 08822
      View Details
    • $649,900

      Flemington Duplex: Investment Opportunity

      Well-maintained duplex in Flemington Borough with long-term tenants.
      13 William St, Flemington Boro, NJ 08822
      View Details
    • $2,950,000
      9,999 SF

      Kingwood Twp. Commercial Land

      45+ acre commercial land with business park zoning.
      550 Barbertown Point Breeze, Kingwood Twp., NJ 08822
      View Details
    • $3,925
      5,888 SF

      Two-Story Office Complex in Readington

      Two-story office building in the heart of Readington Township.
      699 Route 202 South, Readington Twp., NJ 08822
      View Details
    • $2,944
      5,888 SF

      Two-Story Office Complex on Route 202

      Freestanding, renovated office building in Readington Twp.
      699 Route 202 South, Readington Twp., NJ 08822
      View Details
    • $7,360
      5,888 SF

      Readington Twp. Office Building

      Two-story office complex in the heart of Readington Township.
      699 Route 202 South, Readington Twp., NJ 08822
      View Details
    • $89,000

      Riverfront Lot with Development Potential

      1.5 acre riverfront lot in Readington Twp., NJ.
      525 Stanton Station Rd, Readington Twp., NJ 08822
      View Details
    • $2,595,000
      12,900 SF

      Power Sport Business Opportunity

      Family-owned power sport business with showroom, service center, and storage.
      749 Us Highway 202, Readington Twp., NJ 08822
      View Details
    • $2,950,000

      Kingwood Twp. Land For Sale

      45+ acre land parcel with business park zoning.
      550 Barbertown Point Breeze, Kingwood Twp., NJ 08822
      View Details
    • $339,800

      Flemington Office Park Commercial Sale

      Two-story office suite with additional lower level in Flemington.
      260 ROUTE 202/31 & LIBERTY COURT, FLEMINGTON, NJ 08822
      View Details
    • $2,000

      Spacious Garage with Crane/Hoist

      Large bay garage with crane, bath, and ample parking.
      18 Allen St, Flemington Boro, NJ 08822
      View Details
    • $549,000
      2,500 SF

      Charming Flemington Commercial Property

      Excellent investment or owner/user opportunity in downtown Flemington.
      134 Main St, Flemington Boro, NJ 08822
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land available for sale.
    Where is this land located?
    The property is located at 328 Us Highway 202 Flemington, NJ.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: Vacant land ready for development.; No existing structures to demolish or modify.; Blank canvas for custom construction.
    (908) 735-9700
    We can help!
    Listing Contact
    JOHN H. CARRIERE
    JOHN H. CARRIERE
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!