Add Listing
    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

    505 Center St Phillipsburg, NJ 08865

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with development potential near major routes and businesses.

    Lot size:
    0.32 Acres

    Property Features for 505 Center St

    General Information

    Standard status
    Active
    Lot size
    0.32 Acres

    We can help!

    Listing Contact
    Wade Budinetz
    Source: Corcoran

    Listing Agency: COLDWELL BANKER HEARTHSIDE Listing Agent: Wade Budinetz

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

    Learn more

    Overview

    Commercial Land in High-Traffic Area

    This commercial land is located in a high-traffic area, adjacent to newly developed warehouses and close to major routes and various businesses. Multiple uses for the property may be possible.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.1732211
    Latitude
    40.6895616

    Nearby Similar for Sale

    • $599,900
      6,548 SF

      Phillipsburg Office Building For Sale

      6,548 SF office building suited for medical or professional use.
      1000 Coventry Dr, Phillipsburg, NJ 08865
      View Details
    • $349,900
      0.08 Acres

      Mixed-Use Building with Income Potential

      Versatile property with rental income and business opportunities in Phillipsburg.
      105 Filmore St, Phillipsburg, NJ 08865
      View Details
    • $450,000
      2,500 SF

      Phillipsburg Commercial Building For Sale

      2,500 sq ft commercial building on 0.12-acre corner lot.
      404 S Main St S, Phillipsburg, NJ 08865
      View Details
    • $349,900
      999 SF

      Mixed-Use Building with Income Potential

      Versatile property with rental income and business opportunities.
      105 Filmore St, Phillipsburg, NJ 08865
      View Details
    • $399,000
      Pending

      Turnkey Two-Family Home in Phillipsburg

      Fully renovated, income-producing two-family home in a rapidly emerging market.
      45 Fox St, Phillipsburg, NJ 08865
      View Details
    • $299,000
      Pending

      Alpha Boro Triplex Investment

      Triplex in Alpha Boro with income potential.
      941 Lee Ave, Phillipsburg, NJ 08865
      View Details
    • $8,500,000
      74,000 SF

      74,000 SF Industrial Facility

      Industrial facility ideal for manufacturing, distribution, and warehousing.
      Harmony Twp, Phillipsburg, NJ 08865
      View Details
    • $273,000
      0.15 Acres

      Functional Garage on South Main

      Two-bay garage with office on busy South Main Street.
      Phillipsburg Town, Phillipsburg, NJ 08865
      View Details
    • $1,750,000
      16,000 SF

      Adaptable Industrial Building in Phillipsburg

      Strategically located industrial building suitable for production, warehouse, or distribution.
      Phillipsburg Town, Phillipsburg, NJ 08865
      View Details
    • Contact for pricing
      8,500 SF

      Historic Phillipsburg Building For Sale

      Former school building with redevelopment potential in revitalizing riverfront town.
      1 Fairview Ave, Phillipsburg, NJ 08865
      View Details
    • $399,000
      0.13 Acres

      Two-Family Home on Corner Lot

      Two-family home with updated unit and fenced yard.
      5 Park Sq, Phillipsburg, NJ 08865
      View Details
    • $399,900

      Phillipsburg Specialty Property For Sale

      Specialty property available for purchase in Phillipsburg, New Jersey.
      396 S Main St, Phillipsburg, NJ 08865
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with development potential near major routes and businesses.
    Where is this commercial land located?
    The property is located at 505 Center St Phillipsburg, NJ.
    What are key features of this property?
    This property features: - Prime location with high traffic; - Next to newly developed warehouses; - Close to major routes
    (908) 996-7151
    Request Owner's contact information
    505 Center St Phillipsburg, NJ 08865
    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.
    505 Center St
    Phillipsburg, NJ 08865
    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
    505 Center St Phillipsburg, NJ 08865
    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
    Wade Budinetz
    (908) 996-7151
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!