Residential Subdivision Development
571 ALMONESSON ROAD Blackwood, NJ 08012
For Sale
$499,900
Pending
LAND - BLACKWOOD, NJ
Property Size1,800 SF
Lot Size5.75 Acres
Days on Market1227
Property Features for 571 ALMONESSON ROAD
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Pending
- Lot size
- 5.75 Acres
Listing Agency:
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center
(856) 810-5300
Listed By:
Chris Benstead
(609) 410-1878
Added: Mar 15, 2023
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# NJCD2044060
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 5.75-acre residential development lot zoned R-3, offered for sale to developers and investors. The site is described as suitable for a residential subdivision configured as a cul-de-sac, with the potential to create 9 to 15 single-family homes.
Public sewer and water are noted as available at a neighboring property. The property also includes an estimated 1,800-square-foot, three-bedroom, one-bath farmhouse that is being sold strictly as-is.
The property is located on Almonesson and Cole Landing Roads in Blackwood, New Jersey (08012).
Public sewer and water are noted as available at a neighboring property. The property also includes an estimated 1,800-square-foot, three-bedroom, one-bath farmhouse that is being sold strictly as-is.
The property is located on Almonesson and Cole Landing Roads in Blackwood, New Jersey (08012).
Key Highlights
- 5.75 acre lot zoned R‑3 for residential subdivision.
- Potential for 9‑15 single family cul‑de‑sac subdivision.
- Public sewer and water available at neighboring property.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $19.56 |
| − Vacancy | −$2.0k | −$1.10 |
| EGI | $33.2k | $18.46 |
| − OpEx | −$15.0k | −$8.31 |
| NOI | $18.3k | $10.16 |
1,800 SF · lease $19.56/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$261.1K
$228.5K – $304.7K
NOI $18,280 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
FAQs
What type of property is this?
Residential land & home lot - 5.75-acre R-3 lot with public sewer and water available nearby, plus an as-is 3-bedroom farmhouse.
Where is this residential land & home lot located?
The property is located at 571 ALMONESSON ROAD Blackwood, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 5.75 acre lot zoned R‑3 for residential subdivision.; Potential for 9‑15 single family cul‑de‑sac subdivision.; Public sewer and water available at neighboring property.
