Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    871 Corkery Ln Washington Township, NJ 08094

    View on Map
    Claim this Listing
    For Sale
    $899,900

    Commercial - Washington Township, NJ

    Added:
    Dec 12, 2024
    Days on Market:
    501
    Last Refresh:
    Apr 27 at 4:06 pm

    Property Features for 871 Corkery Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9942

    We can help!

    Listing Contact
    RAJAN (RAJ) KHULLAR

    Listing agent RAJAN (RAJ) KHULLAR License #0673568

    Listing office BHHS FOX and ROACH-Northfield 1001 TILTON RD, NJ

    Listing date Dec 12, 2024

    MLS# 592090 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Land in Washington Township

    This property presents a prime investment opportunity with 10.2 acres of cleared land in a desirable area. It includes a fully rented four-family building with month-to-month leases, featuring two one-bedroom units and two two-bedroom units. The building is well-maintained and equipped with a newer roof and water softener. The property is surrounded by single-family homes and is conveniently located near Philadelphia, Gloucester Outlets, shopping, dining, and public transportation. The property offers strong rental income with significant potential for redevelopment or versatile future use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Washington Township
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.9514
    Latitude
    39.6478

    Nearby Similar for Sale

    • $569,900
      2,400 SF

      Medical Office Near Jefferson Hospital

      Medical office with upgraded interior, near Jefferson Hospital.
      570 Egg Harbor Road Unit A2, Washington Township, NJ 08012
      View Details
    • $899,900

      Income-Producing Land in Washington Township

      10.2 acres with rented 4-family building near Philadelphia.
      871 Corkery Ln, Washington Township, NJ 08094
      View Details
    • Contact for pricing
      1,600 SF

      Historic Retail Building For Sale

      Charming retail building with long-term tenant and historical significance.
      Washington Township, NJ 07870
      View Details
    • $1,585,000
      5,273 SF

      Medical Office Near Jefferson Hospital

      Upgraded medical office with exam rooms near Jefferson Hospital.
      570 Egg Harbor Rd, Washington Township, NJ
      View Details
    • $7,328,000
      89,456 SF

      Turnersville Retail Property For Sale

      Single-tenant property leased to At Home in Turnersville, New Jersey.
      5700 New Jersey 42, Washington Township, NJ
      View Details
    • $3,143,000
      2,627 SF

      Chipotle NNN Property For Sale

      Single-tenant Chipotle property with a drive-thru in Turnersville, New Jersey.
      5716 E Black Horse Pike, Washington Township, NJ
      View Details
    • $299,000

      Blackwood Corner Lot For Sale

      Corner lot in Blackwood with highway commercial zoning.
      301 W Church St, Washington Township, NJ
      View Details
    • Contact for pricing

      1.62 AC Commercial Land Available

      1.62 AC commercial land with excellent visibility and access.
      Cross Keys By-Pass, Washington Township, NJ
      View Details
    • $980,000
      4,100 SF

      Freestanding Relievus Tenant For Sale

      Single tenant Relievus pain management with six years remaining on lease.
      310 Egg Harbor Rd, Washington Township, NJ 08080
      View Details
    • $1,200,000
      6,301 SF

      Commercial Property Available For Sale

      Commercial property with retail and office space available for sale.
      2740 NJ-42, Washington Township, NJ 08081
      View Details
    • Contact for pricing
      3,000 SF

      Commercial Development Site Near Home Depot

      1.5 acre commercial development site near major retailers.
      133 Berlin - Cross Keys Rd, Washington Township, NJ 08094
      View Details

    FAQs

    What type of property is this?
    Quadplex - 10.2 acres with rented 4-family building near Philadelphia.
    Where is this quadplex located?
    The property is located at 871 Corkery Ln Washington Township, NJ.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: 10.2 Acres in a Desirable Area; Income‑Producing 4‑Family Building (Fully Rented); Redevelopment Potential or Versatile Future Use
    (609) 816-7644
    We can help!
    Listing Contact
    RAJAN (RAJ) KHULLAR
    Real Estate License ID: 0673568
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!