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    Versatile Property with Detached Garage/Shop Title is generated by Realmo AI

    625 PORCHTOWN ROAD, Pittsgrove, NJ 08318

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    Claim this Listing
    Pending
    $549,900

    SingleFamilyResidence - PITTSGROVE, NJ

    Type:Farm
    Property size:
    936 SF
    Lot size:
    16.86 Acres
    Added:
    May 5, 2026
    Days on Market:
    13
    Last Refresh:
    May 17 at 11:06 am

    Property Features for 625 PORCHTOWN ROAD

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Parking
    1
    Interior features
    Floor Plan - Traditional, Attic, Bathroom - Tub Shower, Entry Level Bedroom, Kitchen - Eat-in, Wood Floors
    Standard status
    Pending
    Size
    936 SF
    Lot size
    16.86 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9510

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Flooring type
    Brick, Hardwood, Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Gioielli

    Listing agent Anthony Gioielli

    Listing office BHHS Fox & Roach Mullica Hill 157 Bridgeton Pike, NJ

    Listing date May 5, 2026

    MLS# NJSA2018856 Listing URL

    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.

    HighLights

    • 16+/- acres in desirable Pittsgrove Township with over 1,100 feet of road frontage offering privacy and potential subdivision.
    • Massive 30x60 detached garage/shop with concrete floor, electric, water, upstairs storage, and 4 bay doors.
    • Move‑in ready brick rancher with hardwood floors, upgraded eat‑in kitchen (granite countertops, large pantry), and wood‑burning fireplace.
    • Partially cleared land suitable for pastures, paddocks, or farming, with wooded acreage for privacy and trails.
    • Natural gas heat.
    • Attached one‑car garage with attic storage, full basement, and relaxing rear sunroom.

    Overview

    Situated on over 16.86 acres in Pittsgrove Township, this property offers more than 1,100 feet of road frontage. The property includes a move-in ready brick rancher featuring hardwood floors, a wood-burning fireplace, and an upgraded eat-in kitchen with granite countertops and a large pantry. The home offers 2 bedrooms with large closets and an updated full bath. There is also an attached one-car garage with attic storage above, a full basement, and a rear sunroom. The home has natural gas heat. A detached 30x60 garage/shop with a 12ft overhang features a fully concreted floor with electric and water, an upstairs storage area, and 4 bay doors with its own separate driveway access. The land is partially cleared around the home and surrounded by wooded acreage. A portion of the land is already cleared, while the wooded backdrop provides privacy. The property may offer subdivision potential. The land is not currently farm preserved or assessed but may qualify, and there is also potential for NJ Woodland Management Program. The property is being sold in AS IS condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Pittsgrove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.12437
    Latitude
    39.55685

    FAQs

    What type of property is this?
    Horse & equestrian property - 16.86-acre property featuring a move-in ready home and detached garage/shop.
    Where is this horse & equestrian property located?
    The property is located at 625 PORCHTOWN ROAD Pittsgrove, NJ.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: 16+/- acres in desirable Pittsgrove Township with over 1,100 feet of road frontage offering privacy and potential subdivision.; Massive 30x60 detached garage/shop with concrete floor, electric, water, upstairs storage, and 4 bay doors.; Move‑in ready brick rancher with hardwood floors, upgraded eat‑in kitchen (granite countertops, large pantry), and wood‑burning fireplace.
    (609) 774-5434
    We can help!
    Listing Contact
    Anthony Gioielli
    Real Estate License ID: 0567809
    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.

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