9.5 Acres Commercial Land
723 RT-57 Greenwich Township, NJ 08886
For Sale
Contact for pricing
9.5 acres with commercial and agricultural zoning, two buildings.
Property Size10,000 SF
Lot Size9.50 Acres
Price / SF$120
Days on Market1282
Property Features for 723 RT-57
General Information
Standard status
Active
Size
10,000 SF
Lot size
9.50 Acres
Property subtype
Retail, Land
Listing Agency:
Paranee Property Management
Listed By:
Joe Paranee · License #RB068724
Source:
Crexi
Added: Jan 25, 2023
Changed: Jul 6
Last Checked: Jul 29 at 11:51AM
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 Paranee Property Management
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to purchase 9.5 acres, with 4.5 acres zoned commercial and an additional 5 acres zoned agriculturally. The site features over 500 feet of road frontage and includes two separate buildings. One building offers 10,000 +/- square feet and has roll-up doors for access. The other is a steel building with 5,000 +/- square feet. Located on Route 57 in Stewartsville, New Jersey, the site provides access to major highways and routes in the area, including 78, 22, 519, and 31. The site would lend itself to a multitude of different applications.
Key Highlights
- Total of 9.5 acres of land, with 4.5 acres commercially zoned and an additional 5 acres agriculturally zoned.
- Located on Rt 57 in Stewartsville, NJ, providing excellent access to major highways (78, 22, 519, 31).
- 10,000 +/- sq ft building with roll‑up door access.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $9.00 |
| − Vacancy | −$7.5k | −$0.75 |
| EGI | $82.5k | $8.25 |
| − OpEx | −$12.4k | −$1.24 |
| NOI | $70.2k | $7.02 |
10,000 SF · lease $9.00/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,708 @ 7.0% cap · market cap 10.06%
Second Best
Warehouse
$1.00M
$876.9K – $1.17M
NOI $70,151 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$15.02M
$13.14M – $17.52M
NOI $1,051,056 @ 7.0% cap · market cap 87.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - 9.5 acres with commercial and agricultural zoning, two buildings.
Where is this commercial land located?
The property is located at 723 RT-57 Greenwich Township, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Total of 9.5 acres of land, with 4.5 acres commercially zoned and an additional 5 acres agriculturally zoned.; Located on Rt 57 in Stewartsville, NJ, providing excellent access to major highways (78, 22, 519, 31).; 10,000 +/- sq ft building with roll‑up door access.
