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    5101 - Lot 2.01 Dr Franklinville, NJ 08322
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    5101 - Lot 2.01 Dr Franklinville, NJ 08322

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    • Mixed-use properties
    • 19.47 lot acres
    For Sale
    $850,000
    View Listing →
    Franklinville Mixed-Use Development For Sale
    $850,000

    Franklinville Mixed-Use Development

    19.47 Acres, High-Traffic Location

    5101 - Lot 2.01 Dr, Franklinville, NJ 08322
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 5101 - Lot 2.01 Dr

    Lot size
    19.47 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional 19.47-acre mixed-use property presents a remarkable investment opportunity in Franklinville, NJ's thriving Malaga Village Zoning District (MV). Boasting over 550 feet of frontage on Delsea Drive, this strategically located parcel enjoys unparalleled visibility and accessibility, situated amidst a vibrant commercial hub. Neighboring businesses include CVS, McDonald's, Wawa, various diners, and Dollar General, ensuring high traffic volume and strong consumer presence. Route 55 provides convenient access to Delaware, Pennsylvania, and New York, further enhancing the property's appeal. The MV zoning allows for a wide range of development possibilities, including but not limited to: business and professional offices, medical and healthcare facilities, retail stores and shops, restaurants and cafes (including drive-through options), banks and financial institutions, places of worship, child-care centers, and even single-family detached housing (subject to minimum lot size requirements). This versatile property is ideally suited for a diverse array of commercial and residential ventures, offering significant potential for long-term growth and substantial returns. The expansive acreage and prime location make this an exceptional opportunity for developers seeking a high-impact investment in a dynamic and rapidly growing area. The property's high visibility and convenient access to major roadways make it an ideal location for a variety of businesses. This is a rare chance to acquire a large parcel in a highly desirable location with a wide array of permitted uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklinville
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0478
    Latitude
    39.5781

    Comparable in this City

    • Value Estimation by Request

      1374 Delsea Dr

      COMMERCIAL (GENERAL)
      1374 Delsea Dr, Franklinville, NJ 08322-2308
      View Details
    • Value Estimation by Request

      3287 Delsea Dr

      COMMERCIAL (GENERAL)
      3287 Delsea Dr, Franklinville, NJ 08322-3120
      View Details
    • Value Estimation by Request
      1,886 SF

      2412 Delsea Dr

      COMMERCIAL (GENERAL) • 1,886 SF
      2412 Delsea Dr, Franklinville, NJ 08322-2526
      View Details
    • Value Estimation by Request
      0.80 Acres

      786 Behl Rd

      COMMERCIAL (GENERAL) • 0.80 Acres
      786 Behl Rd, Franklinville, NJ 08322-2859
      View Details
    • Value Estimation by Request
      2.36 Acres

      2281 Delsea Dr

      COMMERCIAL (GENERAL) • 2.36 Acres
      2281 Delsea Dr, Franklinville, NJ 08322-2538
      View Details
    • Value Estimation by Request
      3,818 SF

      1973 Clayton Williamstown Rd

      BAR, TAVERN • 3,818 SF
      1973 Clayton Williamstown Rd, Franklinville, NJ 08322-3813
      View Details

    Similar Nearby for Sale

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    • $850,000
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      Franklinville Mixed-Use Development

      19.47 Acres, High-Traffic Location
      5101 - Lot 2.01 Dr, Franklinville, NJ 08322
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    • $60,000
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    • Contact for pricing
      Pending

      Restaurant and Bar Opportunity

      Restaurant and bar with liquor license and existing equipment.
      1973 Clayton Williamstown Rd, Franklinville, NJ 08322
      View Details
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    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
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