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    Grovers Ml Rd Plainsboro Township, NJ 08536

    Sponsored
    For Sale
    $3,700,000

    NJ farmland, woodlands, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity: 234 acres of land in Plainsboro Township, New Jersey, strategically located on Grovers Mill Road, zip code 08536. This expansive property presents a unique blend of agricultural and potential development uses, zoned R-100 Rural Zone Properties. The land comprises diverse parcels, totaling 234 acres, including significant acreage dedicated to farmland and woodlands. Specifically, the property includes approximately 181 acres of farm fields currently producing soybeans, and 53 acres of woodlands. The soil type is Sassafras Loam. The property is divided into several tax lots: Block 2001, Lot 30 (104 acres, including 64 acres of fields and 40 acres of woodlands, with annual taxes of $1,412.70); Block 3401, Lot 1 (16 acres of fields, taxes: $385.05/year); Block 1902, Lot 1 (26.5 acres of fields, including a 1997 Morton Building, 3 grain bins, taxes: $617.10/year); Block 1902, Lot 3 (32 acres, including 22 acres of fields and 10 acres of woodlands, taxes: $504.90/year); Block 3401, Lot 121 (53 acres of fields, taxes: $1,249.50/year); and Block 3601, Lot 1 (3 acres of wetlands, taxes: $2.55/year). This property offers significant potential for various uses, subject to local zoning regulations. The asking price for this substantial land holding is $3,700,000.

    Property Features for 0 Grovers Ml Rd

    General Information

    Property type
    Land

    HighLights

    • $3,700,000 asking price for 234 acres of land in Plainsboro Township, NJ.
    • The property consists of approximately 181 acres of farmland and 53 acres of woodlands.
    • Soil type is Sassafras Loam, currently growing soybeans.
    • The property is zoned R‑100 Rural Zone Properties.
    • Improvements include a 1997 Morton Building, three grain bins.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Plainsboro Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.596459
    Latitude
    40.323377

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    FAQs

    What type of property is this?
    Land - NJ farmland, woodlands, development potential.
    Where is this land located?
    The property is located at Grovers Ml Rd Plainsboro Township, NJ.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: $3,700,000 asking price for 234 acres of land in Plainsboro Township, NJ.; The property consists of approximately 181 acres of farmland and 53 acres of woodlands.; Soil type is Sassafras Loam, currently growing soybeans.
    Request Owner's contact information
    Grovers Ml Rd Plainsboro Township, NJ 08536
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    Plainsboro Township, NJ 08536
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    Realmo Value Estimation

    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

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    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.

    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
    Grovers Ml Rd Plainsboro Township, NJ 08536
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