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    505 S Pennsville Auburn Rd Penns Grove, NJ 08069
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    505 S Pennsville Auburn Rd Penns Grove, NJ 08069

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    • Commercial land
    For Sale
    $575,000
    View Listing →
    Land Near Major Transportation Routes For Sale
    $575,000

    Land Near Major Transportation Routes

    Strategically located land with great potential near key transit routes.

    505 S Pennsville Auburn Rd, Penns Grove, NJ 8069
    View Listing
    Property ID
    US59-1088947
    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 land

    Property Details for 505 S Pennsville Auburn Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Great potential, strategically located, flat level ground, situated in a prime location in very close proximity of NJ Turnpike, Delaware Memorial Bridge, Route 295.

    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
    Penns Grove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4763971
    Latitude
    39.6828991

    Comparable in this City

    • $4,500,000
      139.82 Acres

      Prime Land in Penns Grove

      139.82 acres of land in a prime corridor.
      455 Shell Rd, Penns Grove, NJ 08069
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    • $145,000
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      Prime Land Opportunity, Penns Grove

      Multiple lots bundled, endless possibilities in historic Penns Grove.
      59-61 Walnut St, Penns Grove, NJ 08069
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    • $75,000
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      Land For Sale, Penns Grove

      Commercial land available in Penns Grove, New Jersey.
      65 S Broad St, Penns Grove, NJ 08069
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    • $99,000

      Development Land Near Main Street

      Five adjoining lots ideal for residential or commercial development.
      & CUMBERLAND Lincoln Ave, Penns Grove, NJ 08069
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    • $440,000

      Large Lot Near Truck Stops

      Wooded lot with frontage near major transportation routes.
      308 Hawks Bridge Rd, Penns Grove, NJ 08069
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    • Contact for pricing
      0.05 Acres

      Buildable Lot in Penns Grove

      Buildable lot available in Penns Grove, New Jersey.
      1 E Pitman St, Penns Grove, NJ 08069
      View Details

    Similar Nearby for Sale

    • $575,000

      Commercial Land Near Major Routes

      Strategically located commercial land with great potential for development.
      505 S Pennsville Auburn Rd, Carneys Point, NJ 08069
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    • $40,000
      0.06 Acres

      Land For Sale, Penns Grove

      Commercial land available in Penns Grove, New Jersey.
      S Cumberland Ave, Penns Grove, NJ 08069
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      0.19 Acres

      Land in Penns Grove, NJ

      Land available in Penns Grove, New Jersey.
      442 Park Ave, Penns Grove, NJ 08069
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    • $4,500,000
      139.82 Acres

      Prime Land in Penns Grove

      139.82 acres of land in a prime corridor.
      455 Shell Rd, Penns Grove, NJ 08069
      View Details
    • $145,000
      0.06 Acres

      Prime Land Opportunity, Penns Grove

      Multiple lots bundled, endless possibilities in historic Penns Grove.
      59-61 Walnut St, Penns Grove, NJ 08069
      View Details
    • $75,000
      0.19 Acres

      Land For Sale, Penns Grove

      Commercial land available in Penns Grove, New Jersey.
      65 S Broad St, Penns Grove, NJ 08069
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      264,000 SF

      Carneys Point Warehouse Space Available

      264,000 sq ft warehouse space for lease.
      30 N Game Creek Rd, Carneys Point, NJ 08069
      View Details
    • $1,250 /Mo

      Carneys Point Commercial Space Available

      Flexible commercial space for lease in Carneys Point, New Jersey.
      304 Harding Hwy, Carneys Point, NJ 08069
      View Details
    • Contact for pricing
      371,621 SF

      Spacious Warehouse with 40' Clearance

      371,621 SF warehouse featuring 40' clear height and ample parking.
      21 E Quillytown Rd, Penns Grove, NJ 08069
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    • Contact for pricing
      512,442 SF

      Spacious Warehouse with High Ceilings

      Large industrial space with 40' ceilings and ESFR fire protection.
      373 N Broadway, Penns Grove, NJ 08069
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    • Contact for pricing
      1,754,996 SF

      Industrial Distribution Property For Sale

      Large industrial property available for sale in Penns Grove, NJ.
      1179 Courses Landing Rd, Penns Grove, NJ 08069
      View Details
    • Contact for pricing
      587,500 SF

      Carneys Point Warehouse Space Available

      Large industrial warehouse space for lease in Carneys Point.
      37 S Golfwood Ave, Carneys Point Township, NJ 08069
      View Details
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    Penns Grove, NJ 08069
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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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    505 S Pennsville Auburn Rd, Penns Grove, NJ, 08069
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