Retail Suite Near Established
For Sale
Contact for pricing
Pending
157 W DELAWARE AVENUE, Pennington, NJ 08534
The space is part of an active commercial corridor with national and local retailers nearby.
Property Size784 SF
Days on Market27
Property Features for 157 W DELAWARE AVENUE
General Information
Standard status
Pending
Size
784 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Smires & Associates
(609) 259-1414
Listed By:
Salvatore Bua · License #1430436
(609) 439-8699
Source:
Cummingsrealtors
Added: Sep 22
Changed: Oct 16
Last Checked: Oct 16 at 9:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smires & Associates
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Investment Insights
Based on property information with market context.
This 784-square-foot retail space is in a building constructed in 1970. A minimum lease term of five years applies.
Route 31 is nearby, and surrounding businesses include Uncle Ed's, Boro Restaurant, Starbucks, Goodwill, Verizon, and Painters Loft. The property is at 157 W Delaware Avenue in Pennington, New Jersey.
Route 31 is nearby, and surrounding businesses include Uncle Ed's, Boro Restaurant, Starbucks, Goodwill, Verizon, and Painters Loft. The property is at 157 W Delaware Avenue in Pennington, New Jersey.
Key Highlights
- 784 SF of retail space
- Building constructed in 1970
- Route 31 is nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,724
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,480
$234.5K
Cap Rate 7%
$167,486
$167.5K
Cap Rate 9%
$130,267
$130.3K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$17.6K $22.44/SF
− Vacancy
−$844 −$1.08/SF
EGI
$16.7K $21.36/SF
− OpEx
−$5.0K −$6.41/SF
NOI
$11.7K $14.95/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,480
Cap Rate 7%
$167,486
Cap Rate 9%
$130,267
Alternative Uses
Best Use
Retail
$167.5K
$146.6K – $195.4K
NOI $11,724 @ 7.0% cap · market cap 442.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$252.2K
$220.7K – $294.3K
NOI $17,657 @ 7.0% cap · market cap 666.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 08534, NJ
12,955
Population
5,107
Households
2.5
Avg Household Size
45
Median Age
72%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
594
Density / Sq Mi
$180,491
Median Household Income
$94,154
Median Earnings
$2,106
Median Rent
$573,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The space is part of an active commercial corridor with national and local retailers nearby.
Where is this retail space located?
The property is located at 157 W DELAWARE AVENUE Pennington, NJ.
What are key features of this property?
This property features: 784 SF of retail space; Building constructed in 1970; Route 31 is nearby
