Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    7 Woodland Way Sussex, NJ 07461

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale in Vernon, NJ, near year-round activities.

    Added:
    May 26, 2025
    Days on Market:
    347
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 7 Woodland Way

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    COLENE SMITH

    Listing agent COLENE SMITH

    Listing office WEICHERT REALTORS

    Listing date May 26, 2025

    Source Corcoran

    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 WEICHERT REALTORS

    HighLights

    • Location in the Panorama Lake community.
    • Opportunity to purchase multiple lots for a larger .72 acre property.
    • Access to year‑round activities such as fishing, boating, and skiing.
    • Quiet and serene setting.
    • Highly desirable neighborhood.
    • Located on a dead‑end street.

    Overview

    Residential Land in Panorama Lake

    This residential land is located in the Panorama Lake area of Vernon, New Jersey. The property offers an opportunity to build a home in a quiet, serene setting with access to year-round activities such as fishing, boating, and skiing. Additional lots (5 and 9) are also available, offering a combined total of 0.72 acres for potential development. The property is situated in a highly desirable neighborhood on a dead-end street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Big Box & Wholesale Store Hotel & Motel Electrical Service Travel Agency Bed & Breakfast (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sussex
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.5193
    Latitude
    41.246

    Nearby Similar for Sale

    • $550,000
      6,090 SF

      6,000 SF Sussex Warehouse

      Warehouse in Central Business District, near new ShopRite.
      30-38 Mill St, Sussex Boro, NJ 07461
      View Details
    • $565,000
      2,642 SF

      Two-Unit Multi-Family Property

      Two-unit property with separate utilities, ready for immediate rental.
      82 Newton Ave, Sussex Boro, NJ 07461-1504
      View Details
    • $204,900
      1,488 SF

      Mixed-Use Property in Sussex Boro

      Commercial mixed-use property with office and residential spaces.
      2-8 Harrison St, Sussex Boro, NJ 07461-2120
      View Details
    • $399,900
      2,000 SF

      Remodeled Two-Family Home in Sussex

      Updated two-family home with rental income potential in Sussex, NJ.
      14-16 Church Street, Sussex, NJ 07461
      View Details
    • $325,000

      Two-Unit Home with Garage

      Spacious two-family home in Sussex Boro with garage.
      71 Unionville Ave, Sussex Boro, NJ 07461-2130
      View Details
    • $399,900
      2,000 SF

      Duplex in Sussex Boro, NJ

      Two-story duplex in Sussex Boro, New Jersey for sale.
      14-16 Church St, Sussex Boro, NJ 07461
      View Details
    • $599,000
      6,090 SF

      6,000 SF Warehouse For Sale

      6,000 SF warehouse with new roof in Central Business District.
      30 Mill St, Sussex Boro, NJ 07461
      View Details
    • $299,900

      Highway Business Zoned Land

      6.19 acre commercial land with income-generating billboard.
      4-16 Rt94, Vernon Twp., NJ 07461
      View Details
    • $279,999
      9,999 SF

      Mixed-Use Building: Three Revenue Streams

      Mixed-use property with residential, retail, and storage income potential.
      35 Main St, Sussex Boro, NJ 07461-2306
      View Details
    • $375,000

      Historic Mixed-Use Property For Sale

      Unique property with retail, residential, and workshop spaces.
      10 Main St, Sussex Boro, NJ 07461
      View Details
    • $649,000

      Renovated Two-Family Home on Large Lot

      Completely renovated two-family home with modern amenities and ample parking.
      3 4th Street, Sussex, NJ 07461
      View Details
    • $699,000
      6,090 SF

      6,000 SF Warehouse For Sale

      Warehouse with new roof near ShopRite in Central Business District.
      30 Mill St, Sussex Boro, Sussex Boro, NJ 07461
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Vernon, NJ, near year-round activities.
    Where is this land located?
    The property is located at 7 Woodland Way Sussex, NJ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Location in the Panorama Lake community.; Opportunity to purchase multiple lots for a larger .72 acre property.; Access to year‑round activities such as fishing, boating, and skiing.
    We can help!
    Listing Contact
    COLENE SMITH
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    7 Woodland Way, Vernon Twp., NJ 07461
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!