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    Property profile & analytics

    1102 Nj-77 Bridgeton, NJ 08302

    • Specialty properties
    • 6.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1102 Nj-77

    Lot size
    6.34 lot acres
    Property type
    Specialty properties
    Property subtype
    Retail properties

    Description

    This 6.34-acre property in Bridgeton, NJ, offers exceptional redevelopment potential. Located in the Upper Deerfield Redevelopment Area and zoned TC (Town Center), it allows for diverse development options. The site boasts convenient Highway 77 frontage and access to water and sewer, making it ideal for various uses. The Upper Deerfield Redevelopment Plan envisions public-private partnerships, fostering opportunities for sustainable eco-agribusiness, industrial parks, or mixed-use developments. Permitted uses under the TC zoning include retail, hospitality, townhouses, assisted living facilities, indoor commercial recreation (fitness centers), medical and research offices, banks, restaurants, cafes, community centers, and day care centers. This strategically located site presents a unique chance to capitalize on the area's growth and create a valuable asset. The property is currently part of a larger 1060.11-acre redevelopment area, much of which is currently farmland under assessment. This offering includes the Township of Upper Deerfield Redevelopment Plan for detailed review. The property is a multi-tenant site with an updated rent roll. This is a rare opportunity to acquire a significant parcel of land with substantial development potential in a designated redevelopment zone.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeton
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.2066
    Latitude
    39.4646

    Comparable in this City

    • Value Estimation
      $12,910,000
      19.94 Acres

      Casarow Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 19.94 Acres
      Casarow Dr, Bridgeton, NJ 08302
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    • Value Estimation
      $265,000
      0.16 Acres

      123 Pearl St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.16 Acres
      123 Pearl St, Bridgeton, NJ 08302-1960
      View Details
    • Value Estimation
      $345,000
      0.49 Acres

      Ave Lot Lot

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.49 Acres
      Ave Lot Lot, Bridgeton, NJ 08302
      View Details
    • Value Estimation
      $850,000
      3,820 SF

      105 Atlantic St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,820 SF
      105 Atlantic St, Bridgeton, NJ 08302-2556
      View Details
    • Value Estimation
      $290,000
      816 SF

      88-90 Bank St, Unit 90

      APARTMENT HOUSE (UNDER 5 UNITS) • 816 SF
      88-90 Bank St, Bridgeton, NJ 08302-2045
      View Details
    • Value Estimation
      $295,000
      0.61 Acres

      99 Commerce St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.61 Acres
      99 Commerce St, Bridgeton, NJ 08302-1811
      View Details

    Similar Nearby for Sale

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      Bridgeton Commercial Land - 2.12 Acres

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    • New
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      6.7-Acre Industrial Redevelopment Opportunity

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    • $99,000
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      Bridgeton Retail Building - $99K

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      2,400 SF

      Bridgeton Retail Pad Site For Sale

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    • $900,000

      Bridgeton Retail Bank Building

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      Bridgeton Retail Center - $999,999

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    Similar Nearby for Lease

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      17,000 SF

      Bridgeton Warehouse with Drive-Thrus

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      2,400 SF

      Laurel Plaza: Prime Retail Space

      Former bank, drive-thru, high visibility.
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      3,000 SF

      Retail Space in High-Traffic Area

      New retail space available in a newly constructed building.
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    • Contact for pricing
      17,470 SF

      Retail Space with High Frontage

      Large retail space featuring high ceilings and open floor plan.
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    • Contact for pricing
      6,926 SF

      Retail Space in New Building

      New retail space available in high-traffic area.
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    1102 Nj-77
    Bridgeton, NJ 08302
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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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