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

    1260 Route 38 Hainesport, NJ 08036

    • Commercial real estate
    • 11.62 lot acres
    For Sale
    View listing
    $5,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0481384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1260 Route 38

    Lot size
    11.62 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.62-acre commercial parcel at 1260 Route 38 in Hainesport, NJ, presents a remarkable redevelopment opportunity. A comprehensive plan, available upon request, has already secured approvals for a convenience store with gas pumps. However, the approved plan allows for additional uses, details of which are included in the provided redevelopment documents. This highly visible location boasts tremendous potential, further enhanced by the construction of over 700 new residences within a one-mile radius, creating a strong and growing customer base. The property's size and zoning flexibility offer significant advantages. The seller is open to exploring various transaction structures, including the sale of the entire parcel or the sale/lease of individual portions for pad sites. A land lease arrangement is also a possibility. This prime location on Route 38 offers unparalleled exposure and accessibility, making it an ideal investment for developers seeking a high-impact commercial project. The approved redevelopment plan minimizes risk and accelerates the development timeline, providing a clear path to profitability. Serious inquiries are encouraged to review the detailed redevelopment plan and explore the numerous possibilities this exceptional property offers. The asking price for the entire parcel is $5,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hainesport
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.85268
    Latitude
    39.9715

    Comparable in this City

    • $750,000
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      Hainesport Retail Space - High Visibility

      Prime Retail/Flex Space, High Traffic Location.
      1348 Route 38, Hainesport, NJ 08036
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    • $950,000
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      Highway Frontage Commercial Land Parcel

      Unencumbered land parcel with highway frontage, ideal for development.
      700 Marne Hwy, Hainesport, NJ 08036
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    • $1,350,000
      25.00 Acres

      25 Acres in Hainesport, NJ

      25 acres of land in Hainesport, NJ, for sale.
      40 Phillips Rd, Hainesport, NJ 08036
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    • $1,350,000
      18.52 Acres

      Hainesport Land Parcel For Sale

      18.52 acres in Hainesport, NJ, ideal for investment or private use.
      56 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,200,000
      1.00 Acre

      2825 Marne Hwy, Hainesport, NJ 08036

      Mixed-use properties • 1.00 Acre
      2825 Marne Hwy, Hainesport, NJ 08036
      View Details
    • $740,000
      0.44 Acres

      Hainesport Commercial Property on Route 38

      High-visibility commercial property on Route 38 with flexible building space.
      1348 Route 38, Hainesport, NJ 08036
      View Details

    Similar Nearby for Sale

    • $750,000
      7,000 SF

      Hainesport Retail Space - High Visibility

      Prime Retail/Flex Space, High Traffic Location.
      1348 Route 38, Hainesport, NJ 08036
      View Details
    • $950,000
      1.18 Acres

      Highway Frontage Commercial Land Parcel

      Unencumbered land parcel with highway frontage, ideal for development.
      700 Marne Hwy, Hainesport, NJ 08036
      View Details
    • $1,350,000
      25.00 Acres

      25 Acres in Hainesport, NJ

      25 acres of land in Hainesport, NJ, for sale.
      40 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,350,000
      18.52 Acres

      Hainesport Land Parcel For Sale

      18.52 acres in Hainesport, NJ, ideal for investment or private use.
      56 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,200,000
      1.00 Acre

      2825 Marne Hwy, Hainesport, NJ 08036

      Mixed-use properties • 1.00 Acre
      2825 Marne Hwy, Hainesport, NJ 08036
      View Details
    • $740,000
      0.44 Acres

      Hainesport Commercial Property on Route 38

      High-visibility commercial property on Route 38 with flexible building space.
      1348 Route 38, Hainesport, NJ 08036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      Industrial Warehouse Space Available

      40,000 SF industrial/warehouse building located off Route 38.
      7 Mary Way, Hainesport, NJ 08036
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    • $12 SF/Yr
      28,500 SF

      Route 38 Retail Spaces Available

      Retail spaces for lease on busy Route 38.
      1351 Route 38, Hainesport, NJ 08036
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    • Contact for pricing
      179,340 SF

      Class A Warehouse Ready

      179,340 SF Class A warehouse facility available for lease.
      1517 New Jersey Rte, Hainesport, NJ 08036
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    • Contact for pricing
      42,228 SF

      Industrial Building Near Route 38

      42,228 SF industrial building for lease near major routes.
      9 Mary Way, Hainesport, NJ 08036
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    • Contact for pricing
      1,500 SF

      Retail Space on Route 38

      1,500 SF retail space available on Route 38.
      1520 Route 38, Hainesport, NJ 08036
      View Details
    • Contact for pricing
      42,000 SF

      9 Mary Way

      Distribution properties • 42,000 SF
      9 Mary Way, Hainesport, NJ 08036
      View Details
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    1260 Route 38
    Hainesport, NJ 08036
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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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