Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    702 Landis Ave Bridgeton, NJ 08302-4831
    Back to Search
    Property profile & analytics

    702 Landis Ave Bridgeton, NJ 08302-4831

    View on Map
    • Commercial real estate
    • 1.33 lot acres
    Off-Market
    Last Sale Mar 5, 2025
    $287,500
    Property ID
    US59-1869024
    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 702 Landis Ave

    Lot size
    1.33 lot acres
    Property type
    Commercial real estate
    APN
    03 00011-0000-00042
    APU
    300011000000042

    Description

    This exceptional commercial property at 702 Landis Avenue, Bridgeton, NJ 08302, presents a unique investment opportunity. Priced at $285,000, this turnkey car lot boasts a 1.33-acre lot, providing ample space for vehicle display, customer parking, and potential expansion. The existing 400 square foot building is in excellent condition and offers a solid foundation for immediate operation. The substantial lot size allows for the addition of a repair garage or detailing facility, catering to a wider range of automotive services. The property's layout comfortably accommodates trailers and large trucks, enhancing its versatility. High-traffic visibility and convenient access further enhance its appeal. Note that an adjacent auto repair property is also available for purchase, presenting a potential opportunity for synergistic ownership. This property is ready for immediate occupancy and presents a strong return on investment for a savvy buyer. The property is located in Cumberland County, New Jersey, offering a prime location for a thriving automotive business. This is a rare opportunity to acquire a well-maintained, established car lot with significant growth potential.

    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
    Bridgeton
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.1399
    Latitude
    39.4809
    CBSA code
    47220
    CBSA name
    VINELAND-MILLVILLE-BRIDGETON, NJ 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
    $4,482
    $40,000
    $76,300
    $116,300
    -
    $40,000
    $76,300
    $116,300

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1000 Pearl St

      Individual retail properties • 2,400 SF
      1000 Pearl St, Bridgeton, NJ 08302
      View Details
    • Value Estimation by Request
      3.18 Acres

      1500 Hwy 77

      COMMERCIAL (GENERAL) • 3.18 Acres
      1500 Hwy 77, Bridgeton, NJ 08302-5981
      View Details
    • Value Estimation by Request
      0.14 Acres

      449 Laurel St

      COMMERCIAL (GENERAL) • 0.14 Acres
      449 Laurel St, Bridgeton, NJ 08302-1565
      View Details
    • Value Estimation by Request
      0.86 Acres

      Laurel St

      COMMERCIAL (GENERAL) • 0.86 Acres
      Laurel St, Bridgeton, NJ 08302
      View Details
    • Value Estimation
      $525,000
      6.70 Acres

      99 Manheim Ave

      COMMERCIAL (GENERAL) • 6.70 Acres
      99 Manheim Ave, Bridgeton, NJ 08302-2114
      View Details
    • Value Estimation by Request
      26.08 Acres

      1019 Parsonage Rd

      COMMERCIAL (GENERAL) • 26.08 Acres
      1019 Parsonage Rd, Bridgeton, NJ 08302-4229
      View Details

    Similar Nearby for Sale

    • $500,000
      3,000 SF

      Bridgeton Commercial Land Opportunity

      21.3 Acres, 3000 sqft building, prime location
      199 Bridgeton Fairton Rd, Bridgeton, NJ 08302
      View Details
    • $2,100,000
      20,500 SF

      Bridgeton Office Building Investment

      Prime Corner Lot, 20,500 SF Office/Medical Building
      105 Manheim Ave, Bridgeton, NJ 08302
      View Details
    • Contact for pricing
      0.81 Acres

      Bridgeton Office Building - Hwy 77

      Prime Office Space, High Visibility, Triple Net Lease
      1255 Highway 77, Bridgeton, NJ 08302
      View Details
    • Contact for pricing

      Bridgeton Office Space - 3800 SF

      Prime 3800 sq ft office space in Bridgeton, NJ.
      14 Commerce St E Unit 3 Rd, Bridgeton, NJ 08302
      View Details
    • $475,000
      21.41 Acres

      Scenic Land Ideal for Farmette

      21.41 acre farmette perfect for building your dream home.
      Pecks Cnr Cohansey Rd, Bridgeton, NJ 08302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in High-Traffic Area

      New retail space available in a newly constructed building.
      14 Centerton Rd, Bridgeton, NJ 08302
      View Details
    • Contact for pricing
      17,000 SF

      Bridgeton Warehouse with Drive-Thrus

      17,000 SF warehouse on 14.16 acres with multiple drive-thrus.
      1772 S Burlington Rd, Bridgeton, NJ 08302
      View Details
    • Contact for pricing
      7,000 SF

      Downtown Bridgeton Office/Medical Space

      Professional office/medical space for lease in downtown Bridgeton, NJ.
      53 South Laurel St, Bridgeton, NJ 08302
      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.
    702 Landis Ave
    Bridgeton, NJ 08302-4831
    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
    702 Landis Ave, Bridgeton, NJ, 08302
    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!