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    842 Salem Quinton Rd Salem, NJ 08079
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    Property profile & analytics

    842 Salem Quinton Rd Salem, NJ 08079

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    • Commercial real estate
    • 62.00 lot acres
    Off-Market
    Property ID
    US59-1835357
    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 842 Salem Quinton Rd

    Lot size
    62.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 62-acre property located at 842 Salem Quinton Road, Salem, New Jersey, 08079 presents a unique investment opportunity. Currently used as farmland, this open, cleared, and level land boasts significant development potential due to its versatile LI/O zoning. The permitted zoning allows for a variety of uses, including warehousing and residential development. Specifically, the property permits the construction of warehouses with a 22% floor area ratio (FAR) and impressive 45-foot ceiling heights. For residential development, the zoning allows for 6,500 square foot detached lots with 50-foot frontages, falling under the Village Residential (VR) designation. Detailed survey, topographic, and engineering documents are readily available for review. The asking price for this expansive property is $10,000,000. While a 100-acre minimum is typically required for certain uses, this property's zoning and existing infrastructure offer significant flexibility and potential for a variety of development projects. This is a rare opportunity to acquire a large parcel of land in Salem County with diverse development possibilities.

    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
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4245375
    Latitude
    39.5534441

    Comparable in this City

    • $480,000
      2,184 SF

      Salem Farmland on Jericho Road

      2184 sqft farmland property for sale in Salem, NJ.
      160 Jericho Rd, Salem, NJ 08079
      View Details
    • $225,000
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      Salem Triplex with Long-Term Tenants

      Triplex in Salem with long-term tenants and separate electric meters.
      59 Market St, Salem, NJ 08079
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    • $240,000
      3,440 SF

      Salem Triplex with Rental Income

      Triplex in Salem, NJ with existing rental income.
      371 E Broadway, Salem, NJ 08079
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    • $850,000
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      Salem NJ Multifamily Investment Opportunity

      Multifamily property with six apartments, some recently renovated.
      82 W Broadway, Salem, NJ 08079
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    • $190,000
      3,000 SF

      Mixed-Use Property in Salem, NJ

      Three-unit mixed-use property with commercial space and apartments.
      141 W Broadway, Salem, NJ 08079
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    • $9,200,000
      92,000 SF

      Salem Warehouse with Dock Doors

      92,000 SF warehouse on 12.13 acres with 16 docks.
      45 Griffith St, Salem, NJ 08079
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    Similar Nearby for Sale

    • $480,000
      2,184 SF

      Salem Farmland on Jericho Road

      2184 sqft farmland property for sale in Salem, NJ.
      160 Jericho Rd, Salem, NJ 08079
      View Details
    • $225,000
      3,437 SF

      Salem Triplex with Long-Term Tenants

      Triplex in Salem with long-term tenants and separate electric meters.
      59 Market St, Salem, NJ 08079
      View Details
    • $240,000
      3,440 SF

      Salem Triplex with Rental Income

      Triplex in Salem, NJ with existing rental income.
      371 E Broadway, Salem, NJ 08079
      View Details
    • $850,000
      0.65 Acres

      Salem NJ Multifamily Investment Opportunity

      Multifamily property with six apartments, some recently renovated.
      82 W Broadway, Salem, NJ 08079
      View Details
    • $190,000
      3,000 SF

      Mixed-Use Property in Salem, NJ

      Three-unit mixed-use property with commercial space and apartments.
      141 W Broadway, Salem, NJ 08079
      View Details
    • $9,200,000
      92,000 SF

      Salem Warehouse with Dock Doors

      92,000 SF warehouse on 12.13 acres with 16 docks.
      45 Griffith St, Salem, NJ 08079
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      20,909 SF

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    • Contact for pricing

      Prime Office Space on Highway

      Office space for rent near hospital and public transport.
      156 Route 45, Salem, NJ 08079
      View Details
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    842 Salem Quinton Rd
    Salem, NJ 08079
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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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