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    Prime 40-Acre Hunterdon County Land Title is generated by Realmo AI

    65 Valley Crest Rd, Lebanon, NJ 08833

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    Claim this Listing
    For Sale
    $1,850,000

    Lots and Land - Clinton Twp., NJ

    Lot size:
    40.00 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    120
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 65 Valley Crest Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    ROM-1
    Standard status
    Active
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    885

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    DEVON LECOMPTE

    Listing agent DEVON LECOMPTE

    Listing office KL SOTHEBY'S INT'L. REALTY 454 MAIN STREET, Basking Ridge, NJ

    Listing date Jan 21, 2026

    MLS# 4006167 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Substantial 40‑acre tract in Hunterdon County.
    • Excellent visibility and access with 1,769 feet of frontage on Route 31 and 910 feet on Valley Crest Road.
    • Flexible ROM‑1 zoning permits research, office, manufacturing, and agricultural uses.
    • 26 acres in productive agricultural use; farmland assessed for favorable carrying costs.
    • 14 acres of wooded land enhance privacy and natural character.
    • Located in Highlands Planning Area "Existing Community Zone" near regional employment centers.

    Overview

    This 40-acre property in Hunterdon County offers a substantial tract of land with frontage and long-term potential. Located at the southeast corner of Route 31 and Valley Crest Road, the site features approximately 1,769 feet of frontage along Route 31 and 910 feet along Valley Crest Road, providing visibility and access along a major north-south corridor. The land features generally level to gently rising topography, suitable for a variety of future uses. Approximately 26 acres are in productive agricultural use, complemented by 14 acres of wooded and undeveloped land. The property is farmland assessed. Zoned ROM-1 (Research, Office & Manufacturing), the parcel permits a range of uses, including research and laboratory facilities, professional offices, conference centers, light manufacturing, municipal uses, and continued agricultural operations. Located within the Highlands Planning Area "Existing Community Zone," the property offers proximity to regional employment centers while preserving the pastoral character. This offering combines scale, frontage, zoning flexibility, and access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Food Market HVAC Service Garden Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.863142
    Latitude
    40.619822

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 40 acres with frontage, zoning flexibility, and access.
    Where is this agricultural land / farmland located?
    The property is located at 65 Valley Crest Rd Lebanon, NJ.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Substantial 40‑acre tract in Hunterdon County.; Excellent visibility and access with **1,769 feet of frontage on Route 31** and 910 feet on Valley Crest Road.; Flexible ROM‑1 zoning permits research, office, manufacturing, and agricultural uses.
    (908) 696-8600
    We can help!
    Listing Contact
    DEVON LECOMPTE
    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.

    More about this property
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    65 Valley Crest Rd, Clinton Twp., NJ 08833-3232
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