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    1288 Route 38 Hainesport, NJ 08036

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    1288 Route 38 Hainesport, NJ 08036

    View on Map
    • Commercial real estate
    • 7.10 lot acres
    Off-Market
    Property ID
    US59-0316083
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1288 Route 38

    Lot size
    7.10 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.1-acre parcel of land presents a remarkable development opportunity situated on highly visible Route 38 in Hainesport, New Jersey. The property's strategic location at the intersection of Route 38 and Hainesport Mount Laurel Road offers unparalleled visibility and accessibility. This open, vacant land is ideally suited for a variety of uses, including retail, professional, and medical office developments. Its designation within a redevelopment zone streamlines the development process. The property benefits from a traffic light at the corner, providing convenient access to both sides of Route 38. Furthermore, its proximity to major transportation arteries such as I-295, the New Jersey Turnpike, Route 73, and Route 70 ensures excellent connectivity. The surrounding area boasts a wealth of amenities, including local shopping centers, big-box grocery stores, and various retailers, creating a vibrant and convenient environment for future development. This is a rare opportunity to acquire a premier pad site in a thriving location with significant potential for growth and return on investment. The property is located in Burlington County, New Jersey, with a zip code of 08036. The address is 1288 Route 38, Hainesport.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hainesport
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8493424
    Latitude
    39.9723411

    Comparable in this City

    • $150,000

      Prime Land on Route 38

      Vacant land with high visibility and strong commercial access.
      1334 Route 38, Hainesport, NJ 08036
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    • $1,350,000

      Hainesport Township Land Opportunity

      25 acres in Hainesport Township, strategic land holding.
      40 Phillips Rd, Hainesport, NJ 08036
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    • $1,350,000

      Hainesport Township Land Parcel

      18.52 acres of land available in Hainesport Township.
      56 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,350,000
      18.52 Acres

      Hainesport Land Parcel For Sale

      18.52 acres of land available in Hainesport Township, NJ.
      56 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,350,000
      25.00 Acres

      25 Acres Land in Hainesport

      25 acres of land in Hainesport, New Jersey.
      40 Phillips Rd, Hainesport, NJ 08036
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    • $5,000,000
      11.62 Acres

      Hainesport Commercial Land - Redevelopment Approved

      11.6 Acres, Highway Frontage, High Visibility
      1260 Route 38, Hainesport, NJ 08036
      View Details

    Similar Nearby for Sale

    • $150,000

      Prime Land on Route 38

      Vacant land with high visibility and strong commercial access.
      1334 Route 38, Hainesport, NJ 08036
      View Details
    • $1,350,000

      Hainesport Township Land Parcel

      18.52 acres of land available in Hainesport Township.
      56 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,350,000
      18.52 Acres

      Hainesport Land Parcel For Sale

      18.52 acres of land available in Hainesport Township, NJ.
      56 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,350,000
      25.00 Acres

      25 Acres Land in Hainesport

      25 acres of land in Hainesport, New Jersey.
      40 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $1,350,000

      Hainesport Township Land Opportunity

      25 acres in Hainesport Township, strategic land holding.
      40 Phillips Rd, Hainesport, NJ 08036
      View Details
    • $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

    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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    • $8,500 /Mo

      Freestanding Retail Space Available

      3,400 SF retail space with ample parking.
      1301 W Route 38 W, Hainesport, NJ 08036
      View Details
    • Contact for pricing

      Medical Office Space in Moorestown

      Thriving medical office space near retail hub in Moorestown, NJ.
      401 Young Ave, Moorestown, NJ 08036
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    • Contact for pricing

      Industrial Building For Lease

      42,228 SF industrial building near major highways.
      9 Mary Way, Hainesport, NJ 08036
      View Details
    • 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
    • $12 SF/Yr

      Route 38 Retail Spaces Available

      Retail spaces for lease on busy Route 38.
      1351 Route 38, Hainesport, NJ 08036
      View Details
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    1288 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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