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    0 Grovers Ml Rd, Plainsboro Township, NJ 08536

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    AI-generated overview

    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 profile
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    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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