Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    281 Wertsville Rd East Amwell Township, NJ 08551

    Sponsored
    For Sale
    $989,900

    Picturesque farmland, buildable, preserved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 58-acre property in East Amwell Township, Hunterdon County, New Jersey, presents a unique opportunity for agricultural pursuits or a tranquil country lifestyle. Located at 281 Wertsville Rd, Ringoes, NJ 08551 (40.4452797, -74.8067048), this expansive land boasts stunning views enhanced by rows of mature trees. Currently used for hay farming, the majority of the acreage is 100% tillable and highly suitable for continued agricultural use. The property's location within a farmland preservation zone ensures its rural character and offers significant long-term value. The zoning allows for the construction of a single-family home, providing the option to restore an existing structure or build a new residence. Existing barns on the property are restorable, or additional barns could be constructed, subject to local regulations. Conveniently located just 10 minutes from Flemington and 20 minutes from Princeton, this property offers a blend of rural serenity and easy access to urban amenities. The asking price is $989,900. This is a rare opportunity to acquire a significant parcel of preserved farmland with exceptional potential.

    Property Features for 281 Wertsville Rd

    General Information

    Property type
    Farms
    Lot Size
    2,526,480 SF

    We can help!

    Listing Contact
    Kenneth Worden
    Kenneth Worden

    Learn more

    Property Insight Report

    HighLights

    • 58‑acre property in desirable East Amwell Township, Hunterdon County, NJ.
    • Located at 281 Wertsville Rd, Ringoes, NJ 08551.
    • Primarily tillable land, currently used for hay farming, ideal for continued agricultural use.
    • Farmland preservation zoning ensures long‑term rural character and value.
    • Allows for single‑family home construction; existing barns are restorable.
    • $989,900 asking price; 10 minutes from Flemington, 20 minutes from Princeton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Skin Care Clinic Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    East Amwell Township
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.8067048
    Latitude
    40.4452797

    Nearby Comparable

    • $3,400,000
      10,705 SF

      Ringoes Multi-Family Investment Property

      13-Unit Apartment Building, High ROI
      2 Lindbergh Rd, Ringoes, NJ 08551
      View Details
    • $2,900,000
      10,704 SF

      Modern Apartment Building Investment Opportunity

      Well-maintained apartment building with modern amenities in a scenic location.
      2 Lindbergh Rd, East Amwell Twp, NJ 08551
      View Details
    • $3,400,000
      10,705 SF

      Luxury NJ Apartment Complex

      13 Units, High Occupancy, Strong NOI
      2 Lindbergh Rd, East Amwell Township, NJ 08551
      View Details
    • $379,900

      Raritan Township Land Opportunity

      Under 2.5 acres, prime location, development potential.
      14 Hwy202/31, Ringoes, NJ 08551
      View Details
    • $1,300,000
      9,999 SF

      Raritan Twp. Investment Opportunity

      3.49 acres with multiple income-producing buildings on a traffic-controlled corner.
      121 Hwy 202/31 South A-B, Ringoes, NJ 08551
      View Details
    • $279,900
      2,150 SF

      Ringoes Commercial Property with Drive-Through

      Commercial property in Ringoes suitable for office or retail use.
      1103 Old York Rd East Amwell Twp., East Amwell Twp, NJ 08551
      View Details
    • $279,900
      2,150 SF

      Ringoes Mixed-Use Commercial Property

      Prime Ringoes location, versatile space, drive-thru.
      1103 Old York Rd, Ringoes, NJ 08551
      View Details
    • $399,000

      Ridge Road Land Opportunity

      Land available on Ridge Road in East Amwell Township.
      13 Rdg Rd, East Amwell Twp, NJ 08525
      View Details
    • $199,000
      3.26 Acres

      Land in Ringoes, New Jersey

      3.25 acre land parcel in Ringoes, NJ for sale.
      147 Rocktown Rd, Ringoes, NJ 08551
      View Details
    • $2,750,000
      12.31 Acres

      Prime Flemington Industrial Land

      12.31 Acres, $2.75M, High Visibility
      198 Us Highway 202, Flemington, NJ 08822
      View Details
    • Contact for pricing
      3.23 Acres

      Flexible Space on Route 31

      4,000 SF flexible space suitable for various uses.
      404 Route 31, Ringoes, NJ 08551
      View Details
    • Contact for pricing
      3.23 Acres

      Ringoes Industrial Space - Route 31

      High-visibility industrial space, flexible layout.
      404 Route 31, Ringoes, NJ 08551
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      3.23 Acres

      Flexible Space on Route 31

      4,000 SF flexible space suitable for various uses.
      404 Route 31, Ringoes, NJ 08551
      View Details
    • $1,300,000
      9,999 SF

      Raritan Twp. Investment Opportunity

      3.49 acres with multiple income-producing buildings on a traffic-controlled corner.
      121 Hwy 202/31 South A-B, Ringoes, NJ 08551
      View Details
    • $2,900,000
      10,704 SF

      Modern Apartment Building Investment Opportunity

      Well-maintained apartment building with modern amenities in a scenic location.
      2 Lindbergh Rd, East Amwell Twp, NJ 08551
      View Details
    • $279,900
      2,150 SF

      Ringoes Commercial Property with Drive-Through

      Commercial property in Ringoes suitable for office or retail use.
      1103 Old York Rd East Amwell Twp., East Amwell Twp, NJ 08551
      View Details
    • $279,900
      2,150 SF

      Ringoes Mixed-Use Commercial Property

      Prime Ringoes location, versatile space, drive-thru.
      1103 Old York Rd, Ringoes, NJ 08551
      View Details
    • Contact for pricing
      3.23 Acres

      Ringoes Industrial Space - Route 31

      High-visibility industrial space, flexible layout.
      404 Route 31, Ringoes, NJ 08551
      View Details
    • $3,400,000
      10,705 SF

      Ringoes Multi-Family Investment Property

      13-Unit Apartment Building, High ROI
      2 Lindbergh Rd, Ringoes, NJ 08551
      View Details
    • $3,400,000
      10,705 SF

      Luxury NJ Apartment Complex

      13 Units, High Occupancy, Strong NOI
      2 Lindbergh Rd, East Amwell Township, NJ 08551
      View Details

    FAQs

    What type of property is this?
    Farm - Picturesque farmland, buildable, preserved.
    Where is this farm located?
    The property is located at 281 Wertsville Rd East Amwell Township, NJ.
    What is the asking price?
    The asking price for this property is $989,900.
    What are key features of this property?
    This property features: 58-acre property in desirable East Amwell Township, Hunterdon County, NJ.; Located at 281 Wertsville Rd, Ringoes, NJ 08551.; Primarily tillable land, currently used for hay farming, ideal for continued agricultural use.
    Request Owner's contact information
    281 Wertsville Rd East Amwell Township, NJ 08551
    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.
    281 Wertsville Rd
    East Amwell Township, NJ 08551
    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
    281 Wertsville Rd East Amwell Township, NJ 08551
    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

    We can help!
    Listing Contact
    Kenneth Worden
    Kenneth Worden
    Real Estate License ID: NJ
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.