Add Listing
    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

    946 Kennedy Blvd Manville, NJ 8835

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $800,000

    0.7 acres available for subdivision into four lots.

    Type:Land or Vacant Lot
    Lot size:
    0.70 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 10 at 8:26 pm

    Property Features for 946 Kennedy Blvd

    General Information

    Standard status
    Active
    Lot size
    0.70 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CARL LEONE

    Listing agent CARL LEONE

    Listing office KELLER WILLIAMS CORNERSTONE

    Listing date Apr 10, 2026

    Source Corcoran

    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 KELLER WILLIAMS CORNERSTONE

    Overview

    Land for Subdivision in Weston

    This 0.7-acre property, totaling 30,462 square feet, is located in the Weston Neighborhood, which features well-kept homes. Zoned for 75' x 100' lots, the property is suitable for subdivision into a possible four 7,500 square foot lots. The existing home and property are being sold "AS-IS". The primary value is in the land. While the home could be gutted, demolition and new construction may be the best option for that portion of the land.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Manville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5963134
    Latitude
    40.5301347

    Nearby Similar for Sale

    • $425,000
      2,798 SF

      Manville Commercial Building For Sale

      Commercial building in a busy district area of Manville.
      220 S Main St, Manville Boro, NJ 08835
      View Details
    • $1,700
      6,110 SF

      Manville Commercial Space For Sale

      High-traffic commercial space in downtown Manville, flexible floor plan.
      281 S Main Street, Manville, NJ 08835
      View Details
    • $575,000
      1,584 SF

      Manville Two-Family Investment Opportunity

      Fully rented duplex in Manville, NJ with strong rental history.
      346 N 6th Avenue N, Manville, NJ 08835
      View Details
    • $800,000

      Residential Land Subdivision Opportunity

      0.7 acres for potential subdivision in Weston Neighborhood.
      946 Kennedy Blvd, Manville Boro, NJ 08835-2046
      View Details
    • $895,000

      Mixed-Use Investment Opportunity, Manville

      Corner property with 5 income-producing units and high visibility.
      116 Brooks Blvd, Manville Boro, NJ 08835-1446
      View Details
    • $649,000

      Two-Family Home on Corner Lot

      Two-family home with income potential on a corner lot.
      Manville Boro, NJ 08835-1158
      View Details
    • $425,000
      2,798 SF

      Commercial Building in Busy District

      Commercial building in a busy district, suitable for various businesses.
      220 S Main St, Manville Boro, NJ 08835
      View Details
    • $895,000
      5,000 SF

      Mixed-Use Building in Downtown Manville

      Mixed-use retail and office building with redevelopment potential in downtown.
      23-25 South Main Street, Manville, NJ 08835,
      View Details
    • $1,600,000
      1 SF

      Manville Mixed-Use Investment Opportunity

      Historic mixed-use property with restaurant, laundromat, and residential rentals.
      52 S Main St, Manville Boro, NJ 08835
      View Details
    • $895,000
      5,000 SF

      Mixed-Use Building in Downtown Manville

      Mixed-use retail and office building with redevelopment potential.
      23 S Main St, Manville Boro, NJ 08835
      View Details
    • $1,600,000
      1 SF

      Manville Mixed-Use Investment Opportunity

      Historic mixed-use property with restaurant, laundromat, and rental income.
      52 S Main Street, Manville, NJ 08835
      View Details
    • $1,600,000
      1 SF

      Manville Mixed-Use Investment Opportunity

      Historic Manville corner property with restaurant, laundromat, and rental rooms.
      52 S MAIN STREET, MANVILLE, NJ 08835
      View Details

    FAQs

    What type of property is this?
    Land - 0.7 acres available for subdivision into four lots.
    Where is this land located?
    The property is located at 946 Kennedy Blvd Manville, NJ.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Large .7‑acre lot suitable for subdivision.; Zoned for four 7,500 sq ft lots in the Weston Neighborhood.; Prime location in the well‑kept Weston Neighborhood.
    (908) 359-0893
    We can help!
    Listing Contact
    CARL LEONE
    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!