Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1851 Black Horse Park Monroe, NJ 08094
    Back to Search
    Property profile & analytics

    1851 Black Horse Park, Monroe, NJ 08094

    View on Map
    • Specialty properties
    • 3.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1851 Black Horse Park

    Lot size
    3.95 lot acres
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 3.95-acre commercial land parcel presents a unique investment opportunity in Williamstown, New Jersey. Strategically located at 1851 S Black Horse Pike, the property boasts two convenient road frontages: 218 feet on Black Horse Pike and 37 feet on Malaga Road, ensuring high visibility and accessibility. Currently zoned residential, rezoning to commercial is anticipated to be straightforward, unlocking significant development potential. The property includes a single-family dwelling of approximately 1,900 square feet, currently leased. Tenants should not be disturbed. The primary value lies in the expansive land itself, making this an ideal site for a variety of commercial ventures. The property's address is 1851 S Black Horse Pike, Williamstown, NJ 08094, situated in Gloucester County. Its prime location offers exceptional exposure and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The asking price for this remarkable property is $699,000. This represents a compelling opportunity to acquire a substantial land holding in a desirable location with significant upside potential. Don't miss this chance to secure a piece of prime New Jersey commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0159
    Latitude
    39.7108

    Comparable in this City

    • Value Estimation by Request
      1.70 Acres

      3132 Black Horse Pike

      Land
      3132 Black Horse Pike, Monroe, NJ 08094
      View Details
    • Value Estimation by Request
      7.23 Acres

      4223 Black Horse Park

      Land
      4223 Black Horse Park, Monroe, NJ 08094
      View Details
    • Value Estimation by Request
      0.76 Acres

      2071 Black Horse Pike

      VETERINARY, ANIMAL HOSPITAL
      2071 Black Horse Pike, Williamstown, NJ 08094-9119
      View Details
    • Value Estimation by Request
      14.50 Acres

      3043 Black Horse Pike

      Land
      3043 Black Horse Pike, Monroe, NJ 08094
      View Details
    • Value Estimation by Request
      27.00 Acres

      374 Tuckahoe Rd

      Land
      374 Tuckahoe Rd, Monroe, NJ 08094
      View Details
    • Value Estimation by Request

      133 Berlin - Cross Ky Rd

      Land
      133 Berlin - Cross Ky Rd, Washington Township, NJ 08094
      View Details

    Similar Nearby for Sale

    • $289,890
      5.53 Acres

      Williamstown Land Parcel For Sale

      5.44 acre parcel with development potential in Victory Lakes.
      710 Whitehall Rd, Williamstown, NJ 08094
      View Details
    • Contact for pricing
      1.50 Acres

      Land Parcel in Williamstown, NJ

      1.5 acre land parcel available in Williamstown, New Jersey.
      Sharps Rd, Williamstown, NJ 08094
      View Details
    • Contact for pricing

      Wooded Lot in Williamstown, NJ

      Wooded lot near Black Horse Pike, not buildable.
      Cains Mill Rd, Williamstown, NJ 08094
      View Details
    • $375,000

      Prime Land with Black Horse Frontage

      Approximately 19 acres with frontage on Black Horse Pike.
      2443 South Black Horse, Williamstown, NJ 08094
      View Details
    • $250,000
      7.86 Acres

      Williamstown Land For Sale

      Approximately 8 acre lot in Williamstown, Monroe Twp Schools.
      632 Clayton Rd, Williamstown, NJ 08094
      View Details
    • Contact for pricing
      0.15 Acres

      Vacant Land in Victory Lakes

      Vacant 6,840+/- sq ft parcel in Victory Lakes community.
      8Th Ave, Williamstown, NJ 08094
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Folsom Warehouse with Acreage

      25,000 SF warehouse on 30 acres near major routes.
      1920 S 12 St Rte 54, Folsom, NJ 08094
      View Details
    • Contact for pricing

      Prime Retail Opportunity in Williamstown

      High-visibility retail space with customizable layout and ample parking.
      1105-1161 S Main St, Monroe, NJ 08094
      View Details
    • $1.00 SF/Yr

      5.71 Acres Retail Site

      Highly visible retail site in a rapidly growing trade area.
      Wiliamstown, Williamstown, NJ 08094
      View Details
    • $1.00 SF/Yr

      Prime Retail Site on Black Horse Pike

      Highly visible 1.26 acre retail site in growing area.
      Black Horse Pike & Malaga Rd, Williamstown, NJ 08094
      View Details
    • Contact for pricing

      Land Pad Site Available

      Pad site available with easy access on Black Horse Pike.
      1409 Cranleigh Ln, Monroe, NJ 08094
      View Details
    • Contact for pricing
      1,600 SF

      Williamstown Shopping Center Retail Space

      Retail space available in Williamstown Shopping Center, newly renovated.
      1209 S Black Horse Pike, Williamstown, NJ 08094
      View Details
    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.
    1851 Black Horse Park
    Monroe, NJ 08094
    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

    Thank You for Inquiry
    1851 Black Horse Park, Monroe, NJ, 08094
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!