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    The Largest CRE Database in the US with Over 1 Million Listings

    2700 Rte 23 Stockholm, NJ 07460

    Sponsored
    For Sale
    $455,000

    Commercial - Hardyston Twp., NJ

    Property size:
    14,535 SF
    Lot size:
    2.68 Acres
    Days on Market:
    53
    Last Refresh:
    Jan 24 at 11:06 pm

    Property Features for 2700 Rte 23

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2
    Rooms
    Basement
    Parking features
    Parking Lot
    Basement Y/N
    1
    Size
    14,535 SF
    Lot size
    2.68 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), See Remarks (Heating)
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Concrete, Tile, Wood
    Building materials
    Block, Brick, Vinyl Siding
    Roof type
    Asphalt, Flat, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    EVA BONNER
    EVA BONNER

    Realty Executives Exceptional Realtors (973) 575-6700

    Listing agent EVA BONNER (973) 729-7141

    Listing date Dec 4, 2025

    MLS# 3997395 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Inn & Restaurant Opportunity

    This property, established in 1927, has a rich history. Originally a general store and post office, it later became a popular inn and restaurant. The inn adapted over time, evolving its services while maintaining its historic charm. Now offered for sale, it presents an opportunity for preservationists or entrepreneurs to continue its legacy or reimagine its future. The property features new vinyl siding and a cultured stone exterior. It includes two residential apartments, one completely renovated office rental, and an owner's office with a large private bar and stone fireplace. The main entrance leads to a hostess station, lounge area, and five dining halls with two large bar areas, stunning brick fireplaces, wood floors, and massive hand-hewn beams. The property offers massive potential for the right visionary or entrepreneur. The sale includes approval for outdoor storage, accommodating up to 10 large commercial trucks, provision for two 30-yard storage containers, and permission for a 30-yard open waste container. The property is zoned B-2 and has a size of 14,535 square feet on a 2.68-acre lot. The T-Mobile cell phone tower is not included in the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Stockholm
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.512796401978
    Latitude
    41.085707537973

    Nearby Similar for Sale

    • $489,000

      Adaptable Commercial Space on State Route

      Versatile commercial property with offices, kitchens, and high visibility.
      2786 Rt 23, Stockholm, NJ 07460
      View Details

    FAQs

    What type of property is this?
    Hotel - Historic property with restaurant, apartments, and development potential.
    Where is this hotel located?
    The property is located at 2700 Rte 23 Stockholm, NJ.
    What is the asking price?
    The asking price for this property is $455,000.
    What are key features of this property?
    This property features: - Historic property established in 1927, offering potential for preservation or reimagining.; - Multiple income streams from 2 residential apartments and 1 renovated office rental.; - Approved for large commercial truck storage, plus storage containers and waste management.
    (973) 575-6700
    Request Owner's contact information
    2700 Rte 23 Stockholm, NJ 07460
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    Stockholm, NJ 07460
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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
    2700 Rte 23 Stockholm, NJ 07460
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    Listing Contact
    EVA BONNER
    EVA BONNER
    (973) 575-6700
    Learn more
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