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    557 Main St Lumberton, NJ 08048
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    557 Main St Lumberton, NJ 08048

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    • Apartment buildings
    For Sale
    $649,900
    View Listing →
    Nine-Unit Apartment Building For Sale For Sale
    $649,900
    0.34 Acres

    Nine-Unit Apartment Building For Sale

    Three-level apartment building with diverse unit mix.

    557 MAIN STREET, Lumberton, NJ 8048
    View Listing
    Property ID
    US59-0799309
    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

    • Apartment buildings

    Property Details for 557 Main St

    Year built
    1825
    Property type
    Apartment buildings

    Description

    3 Level - 9 unit apartment building consisting of 8 - 1 bedroom, 1 bath units; and 1 - 2 bedroom, 2 bath unit. Units 1-5 are on the main/first floor; units 6 & 7 are on the second floor; and units 8 & 9 are on the third floor. Square footage source: Lumberton Twp. Tax Assessor.

    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
    Lumberton
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8075131
    Latitude
    39.9625203

    Comparable in this City

    • $649,900
      Pending

      Nine-Unit Apartment Building For Sale

      Three-level apartment building with diverse unit mix.
      557 Main St, Lumberton, NJ 08048
      View Details
    • $850,000
      4,363 SF

      Multifamily Investment Opportunity in Lumberton

      Six-unit multifamily property with Rancocas Creek views in Lumberton, NJ.
      443 Landing St, Lumberton, NJ 08048
      View Details
    • $300,000

      Mixed-Use Property with Garage Space

      Mixed-use property featuring garage and commercial space near Route 38.
      4 Easlick Ave, Lumberton, NJ 08048
      View Details
    • Contact for pricing

      Commercial Pad Sites Available

      Pad sites available for lease in new development.
      1573 Nj-38, Lumberton, NJ 08048
      View Details
    • $1,000,000

      Route 38 Development Opportunity

      29.5-acre parcel on Route 38, ideal for development.
      1870 Route 38, Southampton Twp, NJ 08048
      View Details
    • $185,000
      2.37 Acres

      Prime Lumberton Land Ready to Build

      Spacious Lumberton lot with completed engineering groundwork.
      338 E Landing St, Lumberton, NJ 08048
      View Details

    Similar Nearby for Sale

    • $649,900
      Pending

      Nine-Unit Apartment Building For Sale

      Three-level apartment building with diverse unit mix.
      557 Main St, Lumberton, NJ 08048
      View Details
    • $850,000
      4,363 SF

      Multifamily Investment Opportunity in Lumberton

      Six-unit multifamily property with Rancocas Creek views in Lumberton, NJ.
      443 Landing St, Lumberton, NJ 08048
      View Details
    • $300,000

      Mixed-Use Property with Garage Space

      Mixed-use property featuring garage and commercial space near Route 38.
      4 Easlick Ave, Lumberton, NJ 08048
      View Details
    • Contact for pricing

      Commercial Pad Sites Available

      Pad sites available for lease in new development.
      1573 Nj-38, Lumberton, NJ 08048
      View Details
    • $1,000,000

      Route 38 Development Opportunity

      29.5-acre parcel on Route 38, ideal for development.
      1870 Route 38, Southampton Twp, NJ 08048
      View Details
    • $185,000
      2.37 Acres

      Prime Lumberton Land Ready to Build

      Spacious Lumberton lot with completed engineering groundwork.
      338 E Landing St, Lumberton, NJ 08048
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      108,000 SF retail space available for rent.
      1775 Nj-38, Lumberton Township, NJ 08048
      View Details
    • Contact for pricing

      Warehouse/Flex Space For Lease

      30,918± SF warehouse/flex space available for lease.
      120 Mount Holly By Pass, Lumberton, NJ 08048
      View Details
    • $12 SF/Yr
      2,400 SF

      Retail Space on Route 38

      Retail space available in Lumberton with high traffic count.
      1603 Route 38, Lumberton, NJ 08048
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Grocery Center

      Retail space available in ALDI anchored shopping center.
      1636 Route 38, Lumberton, NJ 08048
      View Details
    • Contact for pricing

      140 Mount Holly Bypass, Lumberton, NJ 08048

      Warehouses
      140 Mount Holly By Pass, Lumberton, NJ 08048
      View Details
    • Contact for pricing

      Industrial Warehouse with Fenced Lot

      30,000± SF warehouse on 4.55 acres with fenced lot.
      20 Maple Ave, Lumberton, NJ 08048
      View Details
    View Listing
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    557 Main St
    Lumberton, NJ 08048
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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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