Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    104/105 Acres Egg Harbor Township, NJ 08234
    Back to Search
    Property profile & analytics

    104/105 Acres, Egg Harbor Township, NJ 08234

    View on Map
    • Land
    • 57.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 104/105 Acres

    Lot size
    57.00 lot acres
    Property type
    Land

    Description

    This exceptional 57-acre parcel in Egg Harbor Township, New Jersey, presents a unique investment opportunity. Zoned for residential use, this land is subdividable into seven buildable lots, each approximately five acres. The asking price is $68,000 per lot, with a minimum purchase of three lots. However, purchasing the entire 57-acre parcel is also an option. Furthermore, an adjacent 95.64-acre farm is available for purchase, offering additional buildable lots for residential development at a price of $1,399,000. Other options include a 5.41-acre parcel with a 2300+ square foot farmhouse for $552,000, or two or three individual 5-acre lots at $68,000 each. Located at 104/105 Thompson Lane, 08234, Atlantic County, this property offers significant potential for residential development. Detailed assessments and tax information for various portions of the property are available upon request. This is a rare chance to acquire a substantial land holding in a desirable New Jersey location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Egg Harbor Township
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.6917
    Latitude
    39.3586

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      104/105 Acres

      Land
      104/105 Acres, Egg Harbor Township, NJ 08234
      View Details
    • Value Estimation by Request
      0.70 Acres

      3078 Ocean Heights Ave

      Land
      3078 Ocean Heights Ave, Egg Harbor Township, NJ 08234
      View Details
    • Value Estimation by Request
      2.02 Acres

      1345 Somers Point Rd

      Land
      1345 Somers Point Rd, Egg Harbor Township, NJ 08234
      View Details
    • Value Estimation by Request
      16.09 Acres

      Westcoat Rd

      Land
      0 Westcoat Rd, Egg Harbor Township, NJ 08234
      View Details
    • Value Estimation by Request
      2.18 Acres

      5022 English Creek Ave

      Land
      5022 English Creek Ave, Egg Harbor Township, NJ 08234
      View Details
    • Value Estimation by Request
      1.81 Acres

      598 Zion Rd

      Land
      598 Zion Rd, Egg Harbor Township, NJ 08234
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Egg Harbor Township Unimproved Land

      Vacant land in up-and-coming Egg Harbor Township location.
      Monmouth Ave, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing

      Land Near Atlantic City Airport

      Vacant land suitable for development near Atlantic City International Airport.
      6503 Delilah Rd, Egg Harbor Township, NJ 08234
      View Details
    • $239,900
      11.23 Acres

      Approved Land in Egg Harbor

      11.23 acre lot, permit-ready for immediate building.
      1242 Somers Point Rd, Egg Harbor Township, NJ 08234
      View Details
    • $1,495,000
      72.00 Acres

      72 Acres Land in Egg Harbor

      72 acres of land for sale in Egg Harbor Township.
      15 Forest View Ct, Egg Harbor Township, NJ 08234
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease

      Land available for lease in Egg Harbor Township.
      6503 Delilah Rd, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing

      Industrial Space Near Transportation Routes

      8,500 SF industrial space with easy transportation access.
      2733 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • $15 SF/Yr
      181,210 SF

      Egg Harbor Township Commercial Space

      Professional office building with modern amenities available for lease.
      3133 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      1,737 SF

      Retail Space Near Atlantic City

      Turnkey retail space in a thriving commercial corridor.
      3143 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • $4,167 /Mo
      Pending

      Retail Space Available For Rent

      Retail space for rent in Egg Harbor Township, New Jersey.
      2511 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing

      Single Tenant Industrial Space

      Industrial space available for single tenant occupancy.
      200 W Parkway Dr, Egg Harbor Township, NJ 08234
      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.
    104/105 Acres
    Egg Harbor Township, NJ 08234
    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
    104/105 Acres, Egg Harbor Township, NJ, 08234
    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!