Custom Timber Frame
For Sale
$1,650,000
658 Brunswick Pike, Lambertville, NJ 08530
Spacious home on 38 acres with guest house and in-law suite.
Property Size6,900 SF
Price / SF$239.13
Days on Market467
Property Features for 658 Brunswick Pike
General Information
Standard status
Active
Size
6,900 SF
Taxes and HOA fees
Annual Taxes
$27,122
Building Details
Year Built
2004
Listing Agency:
RE/MAX PROPERTIES - NEWTOWN
Listed By:
KEVIN T SWEIGARD · License #RS340886
(215) 622-6857
Source:
Corcoran
Added: Jun 4, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PROPERTIES - NEWTOWN
Investment Insights
Based on property information with market context.
This custom-built timber frame home is situated on just over 38 acres, approximately one-third of which is pasture suitable for livestock and horses. The property includes fruit trees, berry bushes, and gardens. A 30x48 pole barn and a three-car garage provide space for farming and storage needs. The main house features an exposed timber frame. The main kitchen includes a large center island with seating. Adjacent to the kitchen is a living room and dining area. Skylights and tall windows provide natural light and views of the surrounding forest and pastures. The primary suite includes a private balcony. The second level contains three guest bedrooms and a large office space. The downstairs area features a family room and storage space. The property also includes an attached guest house and an additional in-law suite, each with separate kitchens and living rooms, connected to the main house through hallways and transition spaces.
Key Highlights
- 38+ acre property with pastureland ideal for livestock/horses.
- Custom‑built timber frame home with attached guest house and in‑law suite.
- Separate living spaces and kitchens in each unit for privacy and independence.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,108
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,122,160
$2.1M
Cap Rate 7%
$1,515,829
$1.5M
Cap Rate 9%
$1,178,978
$1.2M
Market Conditions
NOI Build-Up for 6,900 SF
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.
Gross rent
$207.0K $30.00/SF
− Vacancy
−$14.1K −$2.04/SF
EGI
$192.9K $27.96/SF
− OpEx
−$86.8K −$12.58/SF
NOI
$106.1K $15.38/SF
Area
Hunterdon County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,122,160
Cap Rate 7%
$1,515,829
Cap Rate 9%
$1,178,978
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,108 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,121 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 08530, NJ
7,832
Population
3,816
Households
2.1
Avg Household Size
49
Median Age
58%
College-Educated
93%
High-School Grad
27.1 sq mi
ZIP Area
289
Density / Sq Mi
$121,667
Median Household Income
$76,835
Median Earnings
$1,641
Median Rent
$554,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Spacious home on 38 acres with guest house and in-law suite.
Where is this horse & equestrian property located?
The property is located at 658 Brunswick Pike Lambertville, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 38+ acre property with pastureland ideal for livestock/horses.; Custom‑built timber frame home with attached guest house and in‑law suite.; Separate living spaces and kitchens in each unit for privacy and independence.
