Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    22 Grn St Pilesgrove, NJ 08098-2916
    Back to Search
    Property profile & analytics

    22 Grn St Pilesgrove, NJ 08098-2916

    View on Map
    • Other commercial real estate
    • 0.27 lot acres
    Off-Market
    Last Sale Feb 5, 2026
    $360,000
    Property ID
    US59-1513230
    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

    • Country Cuts Pet Grooming / Pet Grooming Service
    • The exotic cow / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 22 Grn St

    Construction
    BRICK
    Lot size
    0.27 lot acres
    Property type
    Other commercial real estate
    APN
    10 00050-0000-00002
    APU
    1000050000000002

    Description

    This versatile 2,000 square foot commercial space in Pilesgrove, New Jersey, presents a unique opportunity for businesses seeking a high-visibility location. Situated on Green Street, this single-tenant property offers excellent exposure along Route 40, placing it within easy reach of the Cowtown Rodeo and Flea Market, ensuring high foot traffic and brand visibility. Previously occupied by a variety of businesses, including an antique store, ice cream shop, and pet grooming service, this adaptable space is ideal for a range of uses, from traditional office space to retail operations. The main floor encompasses 1,600 square feet of usable space, complemented by a full bathroom. Ample parking is provided with eight designated spots. Further enhancing its practicality, the property includes a substantial 1,200 square foot basement offering clean, dry storage, perfect for inventory or additional business needs. The property's location in Pilesgrove, NJ, zip code 08098, offers a blend of accessibility and visibility, making it an attractive option for businesses seeking a dynamic and convenient location. This property is ready for immediate occupancy and presents a compelling opportunity for growth and success.

    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
    Pilesgrove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.3659
    Latitude
    39.658
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,236
    $52,500
    $154,600
    $207,100
    -
    $52,500
    $154,600
    $207,100

    Comparable in this City

    • Value Estimation by Request

      100 Ww Ave

      COMMERCIAL (GENERAL)
      100 Ww Ave, Woodstown, NJ 08098-1170
      View Details
    • Value Estimation by Request
      174.23 Acres

      Ee Lk Rd

      COMMERCIAL (GENERAL) • 174.23 Acres
      Ee Lk Rd, Woodstown, NJ 08098
      View Details
    • Value Estimation by Request
      12.42 Acres

      51 Elm St

      COMMERCIAL (GENERAL) • 12.42 Acres
      51 Elm St, Woodstown, NJ 08098-1302
      View Details
    • Value Estimation
      $1,700,000
      6,502 SF

      300 Ww Ave

      COMMERCIAL (GENERAL) • 6,502 SF
      300 Ww Ave, Woodstown, NJ 08098-9502
      View Details
    • Value Estimation by Request
      0.65 Acres

      14 Ww Ave

      COMMERCIAL (GENERAL) • 0.65 Acres
      14 Ww Ave, Woodstown, NJ 08098-1107
      View Details
    • Value Estimation by Request
      1,295 SF

      54 Ee Ave

      COMMERCIAL (GENERAL) • 1,295 SF
      54 Ee Ave, Woodstown, NJ 08098-1418
      View Details

    Similar Nearby for Sale

    • $925,000
      1 SF

      Woodstown, NJ Multi-Use Property

      Massive 12,750 sq ft building on 2.25 acres
      24 Church St, Woodstown, NJ 08098
      View Details
    • $400,000
      1 SF

      7.48-Acre Property w/Chapel & Office

      Spacious Chapel, Office Space, & Cemetery
      3 Chapel St, Pilesgrove, NJ 08098
      View Details
    • $976,000
      8,100 SF

      Historic Downtown Woodstown Mixed-Use Building

      Mixed-use building with apartments and retail in historic downtown.
      2 S Main St, Woodstown, NJ 08098
      View Details
    • $600,000
      55.25 Acres

      55.25 Acres on Route 40

      55.25 acres of land with highway frontage in Pilesgrove.
      L13 Route 40, Pilesgrove, NJ 08098
      View Details
    • $120,000
      2.98 Acres

      Land For Sale, Woodstown, NJ

      Just under 3 acre lot for sale in Woodstown.
      181 Fenwick Rd, Woodstown, NJ 08098
      View Details
    • $600,000

      Farm-Preserved Land in Salem County

      81-acre farm-preserved land suitable for various agricultural uses.
      232 Commissioners Pike, Woodstown, NJ 08098
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      24,394 SF

      Established Retail/Office Space in Woodstown

      Well-established retail/office space in historic Woodstown, high-traffic location.
      37 East Ave, Woodstown, NJ 08098
      View Details
    • Contact for pricing
      3,022 SF

      Pilesgrove Retail Pad Site For Lease

      Prime Salem County Retail Space Available
      859 Route 45, Pilesgrove, NJ 08098
      View Details
    • Contact for pricing

      Retail Space in Grocery-Anchored Center

      Retail spaces available in a high-visibility, grocery-anchored shopping center.
      859 Route 45, Woodstown, NJ 08098
      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.
    22 Grn St
    Pilesgrove, NJ 08098-2916
    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

    Thank You for Inquiry
    22 Grn St, Pilesgrove, NJ, 08098
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!