Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    176 County Rd 565 Wantage, NJ 07461

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    176 County Rd 565 Wantage, NJ 07461

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

    Current Use by Public Records

    • Topsoil Plus / Building Supply

    Property Details for 176 County Rd 565

    Lot size
    77.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 77-acre industrial property in Wantage, New Jersey, presents a unique investment opportunity. Located at 176 County Road 565, Sussex County, NJ 07461 (41.1963105, -74.628116), the land boasts preliminary approvals for the development of eight industrial lots. Currently operating as a successful business, the site includes a topsoil manufacturing operation and a sand and gravel quarry with substantial reserves. Extensive permits are already in place, ensuring a smooth transition for the new owner. The sale includes all existing equipment and a separate 27-acre residential lot. The property's 2022 tax assessment was $5,700. The existing business enjoys a large and established clientele. The zoning within Wantage Township supports economic development, offering flexibility in redesigning the building lots. Alternatively, the entire acreage could be developed as a single, large industrial or flex development. This is a rare opportunity to acquire a fully operational business with significant future development potential in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wantage
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.6281
    Latitude
    41.1963

    Comparable in this City

    • Value Estimation
      $600,000
      5,988 SF

      25 Brookside Ave

      INDUSTRIAL (GENERAL) • 5,988 SF
      25 Brookside Ave, Sussex, NJ 07461-2223
      View Details
    • Value Estimation by Request
      3,324 SF

      27 Loomis Ave

      INDUSTRIAL (GENERAL) • 3,324 SF
      27 Loomis Ave, Sussex, NJ 07461-2213
      View Details
    • Value Estimation by Request
      1,243 SF

      25-27 Rt 628

      INDUSTRIAL (GENERAL) • 1,243 SF
      25-27 Rt 628, Wantage, NJ 07461
      View Details
    • Value Estimation
      $2,195,000
      1.00 Acre

      1434 County Rd 565

      INDUSTRIAL (GENERAL) • 1.00 Acre
      1434 County Rd 565, Wantage, NJ 07461-3135
      View Details
    • Value Estimation by Request
      15.96 Acres

      17 Roy Rd

      Land • 15.96 Acres
      17 Roy Rd, Wantage, NJ 07461-2609
      View Details
    • Value Estimation by Request
      95.76 Acres

      55 County Rd 639

      COMMERCIAL (GENERAL) • 95.76 Acres
      55 County Rd 639, Sussex, NJ 07461-3117
      View Details

    Similar Nearby for Sale

    • $150,000
      5.17 Acres

      Spacious Land in Wantage Township

      5.17 acres in Wantage Twp., ideal for building.
      75 Unionville Rd, Wantage Twp, NJ 07461
      View Details
    • Contact for pricing

      Wooded Land with Billboard Income

      Heavily wooded land, older house, billboard income, park proximity.
      1284 State Rt 23, Wantage Twp, NJ 07461
      View Details
    • Contact for pricing

      Land in Lake Panorama

      Land with potential to build in Lake Panorama community.
      7 Split Rock Ln, Sussex, NJ 07461
      View Details
    • $250,000

      Picturesque Land with Mountain Views

      Land in Wantage Township with mountain and valley views.
      97 Moore Rd, Wantage Twp, NJ 07461
      View Details

    Similar Nearby for Lease

    • $385 /Mo
      20,473 SF

      Commercial Garage with Attic Storage

      Two-bay garage with newer roof and walk-up attic.
      2-4 Hamburg Ave, Sussex, NJ 07461
      View Details
    • $385 /Mo

      Oversized 2-Bay Garage For Rent

      Private, oversized 2-bay garage with newer roof available for rent.
      2 Hamburg Ave, Sussex, NJ 07461
      View Details
    • $7,000 /Mo
      872,071 SF

      20 Acres of Farmland Lease

      20 acres of farmland available for lease in Wantage Twp.
      Pond School Rd, Wantage Twp, NJ 07461
      View Details
    • $295 SF/Yr

      Office Space For Rent

      Highway location, front bay window, and ample parking available.
      2 Hamburg Ave, Sussex, NJ 07461
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Sussex, New Jersey.
      1 Wiebel Plz, Sussex, NJ 07461
      View Details
    • $795 /Mo

      Retail Space with Private Parking

      Retail space featuring new flooring, private parking, and bathroom.
      91 Main St, Sussex, NJ 07461
      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.
    176 County Rd 565
    Wantage, NJ 07461
    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!