Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot in Mays Landing Title is generated by Realmo AI

    Third Street, Mays Landing, NJ 08330

    View on Map
    Claim this Listing
    For Sale
    $99,900

    LAND - Mays Landing, NJ

    Lot size:
    0.27 Acres
    Added:
    May 14, 2025
    Days on Market:
    373
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for Third Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R9
    Standard status
    Active
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1530

    We can help!

    Listing Contact
    MELANIE CRADOCK

    Listing agent MELANIE CRADOCK License #1751241

    Listing office COLLINI REAL ESTATE, LLC 115 ROUTE 50, MAYS LANDING, NJ

    Listing date May 14, 2025

    MLS# 596343 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Vacant lot in the heart of Mays Landing
    • Walking distance to everything in town
    • Public sewer and water lines already ran to the property
    • Ready for new construction
    • Convenient location
    • Opportunity for customization

    Overview

    This vacant lot is located in the heart of Mays Landing. It is within walking distance to everything in town. Public sewer and water lines have already been run to the property. The lot size is 0.27 acres. The zoning is R9. The buyer is responsible for conducting due diligence and obtaining necessary permits, approvals and inspections.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mays Landing
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7366
    Latitude
    39.4502

    Nearby Similar for Sale

    • $1,349,000
      3,920 SF

      Mays Landing Shopping Center

      Income-producing shopping center with lucrative business for sale.
      HARDING, MAYS LANDING, NJ 08330
      View Details
    • $560,000

      Industrial Land Opportunity in Mays Landing

      5.33 acres of industrial land for sale.
      0 CANTILLON BOULEVARD, MAYS LANDING, NJ 08330
      View Details
    • $560,000

      Mays Landing Industrial Land Opportunity

      5.33 acres of industrial land in Mays Landing, NJ.
      0 CANTILLON Blvd, Mays Landing, NJ 08330
      View Details
    • $1,250,000
      9,000 SF

      Mays Landing Commercial Opportunity

      Profitable farm and garden center on 17.5 acres.
      7317 Black Horse Pike, Mays Landing, NJ 08330
      View Details
    • $795,900

      Established Bar & Restaurant Opportunity

      Turnkey bar and restaurant with high visibility and expansion potential.
      5698 Somers Point Rd, Mays Landing, NJ 08330
      View Details
    • $449,000
      4,288 SF

      Mixed-Use Commercial Building with Florist

      Well-maintained commercial building with multiple income streams in Mays Landing.
      5926 Main Street, Mays Landing, NJ 08330
      View Details
    • $239,900

      Commercial Building on Route 40

      Stand-alone building with excellent exposure, ideal for retail or office.
      1 CAMAC Avenue, MAYS LANDING, NJ 08330
      View Details
    • $560,000

      Mays Landing Industrial Land Opportunity

      5.33 acre industrial land for sale in Mays Landing.
      CANTILLON Blvd, Mays Landing, NJ 08330
      View Details
    • $474,900
      1,962 SF

      Versatile Rancher on Acreage

      4.37-acre rancher with in-law suite and equestrian features.
      1853 MCCALL Avenue, MAYS LANDING, NJ 08330
      View Details
    • $3,000,000
      11,464 SF

      Mays Landing Hospitality Property

      41-room hospitality property in Mays Landing, New Jersey.
      6090 Black Horse, Mays Landing, NJ 08330
      View Details
    • $359,000

      Mays Landing Prime Land Parcel

      3-acre commercial land parcel in Hamilton Business Park.
      Atlantic Ave, Mays Landing, NJ 08330
      View Details
    • $239,900

      Commercial Building on Route 40

      Stand-alone building with excellent exposure, ideal for retail or office.
      1 Camac Ave, Mays Landing, NJ 08330
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in the heart of Mays Landing, New Jersey.
    Where is this residential land & home lot located?
    The property is located at Third Street Mays Landing, NJ.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Vacant lot in the heart of Mays Landing; Walking distance to everything in town; Public sewer and water lines already ran to the property
    (609) 204-1688
    We can help!
    Listing Contact
    MELANIE CRADOCK
    Real Estate License ID: 1751241
    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

    Thank You for Inquiry
    Third Street, Mays Landing, NJ 08330
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!