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

    871 Corkery Ln Williamstown, NJ 08094

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

    CommercialSale - Williamstown, NJ

    Lot size:
    10.20 Acres
    Added:
    Jan 13, 2025
    Days on Market:
    470
    Last Refresh:
    Apr 28 at 10:06 pm

    Property Features for 871 Corkery Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9942

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Raj Khullar

    Listing agent Raj Khullar

    Listing office BHHS Fox & Roach Northfield 1001 Tilton Road, NJ

    Listing date Jan 13, 2025

    MLS# 592090 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.

    Overview

    Cleared Acres with Income Potential

    This property features 10.2 cleared acres in a desirable location. It includes a fully occupied 4-family residential building with two 1-bedroom units and two 2-bedroom units, all well-maintained and rented on month-to-month leases. Recent upgrades include a newer roof and water softener. An additional vacant building offers possibilities for future uses. The property is surrounded by established single-family homes and is conveniently located near Philadelphia, Gloucester Premium Outlets, shopping, dining, and public transportation. This property offers current cash flow with potential for redevelopment or a variety of future uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamstown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.9514
    Latitude
    39.6478

    Nearby Similar for Sale

    • $899,000
      4,667 SF

      Versatile Commercial Property on Black Horse Pike

      Commercial property with showroom, warehouse, and expansion potential.
      1250 N BLACK HORSE PIKE, WILLIAMSTOWN, NJ 08094
      View Details
    • $450,000

      Restaurant Location on Black Horse Pike

      Long-standing restaurant location with high visibility on Black Horse Pike.
      15 E BLACK HORSE Pike, WILLIAMSTOWN, NJ 08094
      View Details
    • $700,000

      Prime Commercial Land Opportunity

      2.29-acre commercial parcel with high visibility and frontage.
      1851 N BLACK HORSE PIKE, WILLIAMSTOWN, NJ 08094
      View Details
    • $150,000

      Versatile Commercial Property Near Highway

      Commercial property with office, reception, shelving, and work area.
      430 NEW BROOKLYN Road, WILLIAMSTOWN, NJ 08094
      View Details
    • $700,000

      Prime Commercial Land Opportunity

      2.29-acre parcel ideal for various business uses.
      1851 N BLACK HORSE PIKE, WILLIAMSTOWN, NJ 08094
      View Details
    • $620,650

      16+ Acres in Williamstown, NJ

      16.59 acres of RD-A zoned land in Williamstown, NJ.
      0 E MALAGA ROAD, WILLIAMSTOWN, NJ 08094
      View Details
    • $1,125,000

      12 Acre Commercial Land Parcel

      12 acre commercial land with frontage on two roads.
      2410 S BLACK HORSE Pike, WILLIAMSTOWN, NJ 08094
      View Details
    • $25,000

      Land Parcel in Williamstown, NJ

      1.5 acre land parcel available in Williamstown, New Jersey.
      SHARPS Road, WILLIAMSTOWN, NJ 08094
      View Details
    • $50,000

      Land Parcel in Williamstown, NJ

      3 acres of land for sale in Williamstown, NJ.
      SHARPS Road, WILLIAMSTOWN, NJ 08094
      View Details
    • $150,000

      Williamstown Building Lot For Sale

      3+ acre building lot in Williamstown, natural gas available.
      647 CHESTNUT Street, WILLIAMSTOWN, NJ 08094
      View Details
    • $699,890

      Approved Residential Subdivision Opportunity

      10 approved residential lots in Monroe Township, New Jersey.
      SUNNYHILL AVE/MARY DUFFY Drive, WILLIAMSTOWN, NJ 08094
      View Details
    • $274,890

      Williamstown Land: Untouched Natural Bliss

      35+ acres in Williamstown, NJ, build your dream home.
      WHITEHALL Road, WILLIAMSTOWN, NJ 08094
      View Details

    FAQs

    What type of property is this?
    Quadplex - 10.2 acres with income and development potential in Williamstown.
    Where is this quadplex located?
    The property is located at 871 Corkery Ln Williamstown, 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 cleared acres in desirable location; Income‑generating 4‑family property (fully occupied); Development/redevelopment potential
    (609) 816-7644
    We can help!
    Listing Contact
    Raj Khullar
    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!