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    2860 Monmouth Rd Wrightstown, NJ 08562
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    2860 Monmouth Rd, Wrightstown, NJ 08562

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 2860 Monmouth Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional 8+ acre property, situated at 2860 Monmouth Road in Wrightstown, New Jersey (zip code 08562), presents a unique investment opportunity. Boasting significant road frontage on two major thoroughfares, this parcel is ideally positioned within the township's redevelopment plan, offering substantial potential for a variety of uses. The property's zoning allows for a flexible approach to development, accommodating industrial, mixed-use, multifamily, retail, and self-storage ventures. Its prime location and expansive size make it an attractive prospect for developers and investors seeking a high-impact project. The asking price for this strategically located land is $869,000. Given its inclusion in the township's redevelopment plan, this property offers a compelling chance to shape the future of the area. The property's size and location provide excellent visibility and accessibility, making it an ideal site for a range of commercial and residential developments. Serious inquiries are encouraged to explore the possibilities this unique offering presents. The property is located in Burlington County, New Jersey, and its coordinates are 40.0601572 latitude and -74.6286519 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wrightstown
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.6287
    Latitude
    40.0602

    Comparable in this City

    • Value Estimation
      $505,000
      6.69 Acres

      51 Georgetown Rd

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    • Value Estimation by Request

      2553-2553 Saylors Pond Rd

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      2553-2553 Saylors Pond Rd, Wrightstown, NJ 08562
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    • Value Estimation by Request
      900 SF

      2553-2551 Saylors Pond Rd

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      10.02 Acres

      42 Meany Rd

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    • Value Estimation by Request
      0.16 Acres

      38th W Main Ste

      APARTMENT HOUSE (UNDER 5 UNITS)
      38th W Main Ste, Wrightstown, NJ 08562-2315
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    • Value Estimation
      $565,000
      1.00 Acre

      158 Meany Rd

      INDUSTRIAL (GENERAL)
      158 Meany Rd, Wrightstown, NJ 08562-1612
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    2860 Monmouth Rd
    Wrightstown, NJ 08562
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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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    2860 Monmouth Rd, Wrightstown, NJ, 08562
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