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    523 Railroad Blvd Buena Vista Township, NJ 08350
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    Property profile & analytics

    523 Railroad Blvd Buena Vista Township, NJ 08350

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    • Commercial real estate
    • 1.92 lot acres
    Off-Market
    Property ID
    US59-1545969
    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 523 Railroad Blvd

    Lot size
    1.92 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.92-acre residential lot in Buena Vista Township, New Jersey, presents a unique opportunity to build your dream home. Located at 523 Railroad Blvd, 08350, this prime parcel is zoned RES and offers ample space for a substantial residence. Initial approvals for development have already been completed by the seller, streamlining the building process. While the seller has completed initial approvals, prospective buyers are responsible for conducting their own due diligence to ensure compliance with all building codes and regulations. This property is part of a larger 3.43-acre parcel, with the subject property encompassing 1.92 acres. It meets the minimum acreage requirements for building, even when considered independently. The asking price for this remarkable opportunity is $57,500. Don't miss the chance to create your ideal home in this desirable New Jersey location. Contact the listing agent for further details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buena Vista Township
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.885887
    Latitude
    39.503031

    Comparable in this City

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      $199,900
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      Richland Commercial Opportunity

      Commercial property with existing building and development potential in Richland, NJ.
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      Mechanic Shop with Cafe Potential

      High-visibility mechanic shop with cafe/lounge potential on major highway.
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    • $249,900
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      Harding Highway Retail Opportunity

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    Similar Nearby for Sale

    • New
      $199,900
      2.89 Acres

      Three Houses on Large Lot

      Three dilapidated single-family dwellings on a 2.89-acre lot.
      228 Lorraine Ave, Richland, NJ 08350
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    • $750,000
      0.34 Acres

      Richland Commercial Opportunity

      Commercial property with existing building and development potential in Richland, NJ.
      1328 Harding Hwy, Richland, NJ 08350
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    • Contact for pricing

      Mechanic Shop with Cafe Potential

      High-visibility mechanic shop with cafe/lounge potential on major highway.
      1335 Harding Hwy, Richland, NJ 08350
      View Details
    • $249,900
      3,000 SF

      Harding Highway Retail Opportunity

      High-visibility retail space, flexible use.
      1335 Harding Hwy, Richland, NJ 08350
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    Similar Nearby for Lease

    • New
      $550 /Mo

      Private Office Space For Rent

      Private office space in Richland, NJ. Utilities included.
      1315 Harding Hwy, Richland, NJ 08350
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    • New
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      Private Office Space For Rent

      Private office space available in Richland, Buena Vista Township.
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    • $12 SF/Yr

      Warehouse Space For Lease

      3,600 sq ft warehouse space available for lease.
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    • $575 /Mo
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      Private Office Space Available

      Private office space for rent in Richland, New Jersey.
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    • $550 /Mo
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      Private Office Space Available

      Private 110 sq ft office space for rent.
      1315 Harding Hwy, Richland, NJ 08350
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    • New
      $1,500 /Mo

      Richland Office / Flex Space

      Private office / flex space in Richland, Buena Vista Township.
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    523 Railroad Blvd
    Buena Vista Township, NJ 08350
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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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