Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 Raritan Avenue Highland Park, NJ 08904

    View on Map
    For Sale
    $2,450,000

    Commercial - Highland Park, NJ

    Property size:
    12,000 SF
    Lot size:
    0.17 Acres
    Added:
    Mar 12, 2024
    Days on Market:
    754
    Last Refresh:
    Apr 4 at 5:06 am

    Property Features for 300 Raritan Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CBD
    Standard status
    Active
    APN
    0703001000000001
    Size
    12,000 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    48000

    Building Details

    Year built
    1922
    Architectural style
    Other

    We can help!

    Listing Contact
    CONNELL HUTKIN
    CONNELL HUTKIN

    Listing agent CONNELL HUTKIN

    Listing office CENTURY 21 J.J. LAUFER 309 RARITAN AVENUE, Highland Park, NJ

    Listing date Mar 12, 2024

    MLS# 2409242R Listing URL

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

    Overview

    Highland Park Mixed-Use Investment

    Located in the heart of the city, this mixed-use property in Highland Park, NJ, offers a blend of stability and versatility. The property features 8 fully rented units, including office spaces, retail storefronts, and a popular coffee shop. The building benefits from professional management and separate utilities for each unit. An accessible elevator provides convenience and ensures compliance. Recent upgrades include a new elevator and a state-of-the-art fire safety system. The property size is 12000 square feet and the lot size is 0.1722 acres. The zoning is CBD (Central Business District).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4277894
    Latitude
    40.4989889

    Nearby Similar for Sale

    • $609,999
      1,530 SF

      Highland Park Two-Family Home

      Two-family home in Highland Park with updated features.
      6 S 9th Avenue, Highland Park, NJ 08904
      View Details
    • $3,500
      2,000 SF

      Highland Park Retail/Office Space

      Corner location suitable for retail or office use.
      822 Raritan Avenue, Highland Park, NJ 08904
      View Details
    • $1,350,000
      4,200 SF

      Highland Park Commercial Office Building

      Prime commercial office building suitable for medical or professional use.
      1001 Raritan Avenue, Highland Park, NJ 08904
      View Details
    • $4,500

      Highland Park Commercial Office Space

      Prime commercial office space suitable for medical or professional use.
      1001 Raritan Avenue, Highland Park, NJ 08904
      View Details
    • $549,999
      1,202 SF

      Highland Park Multifamily Property

      Multifamily property in Highland Park, New Jersey.
      1309 Central Avenue, Highland Park, NJ 08904
      View Details
    • $275
      3,000 SF

      Highland Park Office Building

      Office building in premier location, suitable for professional business.
      24 N 3rd Avenue, Highland Park, NJ 08904
      View Details
    • $2,750
      510 SF

      Renovated Storefront on Busy Street

      Recently renovated storefront with basement storage in high-traffic area.
      227 Raritan Avenue, Highland Park, NJ 08904
      View Details
    • $200,000
      1,000 SF

      Established Antique Store on Main Street

      Turnkey antique store with high-end inventory in prime location.
      414 Raritan Street, Highland Park, NJ 08904
      View Details
    • $1,950
      1,200 SF

      Unique Office Space in Highland

      Prestigious office space with historic charm in Highland Park.
      433 River Road, Highland Park, NJ 08904
      View Details
    • Contact for pricing
      3,000 SF

      Highland Park Office Building For Sale

      Office building in premier location, ideal for professional business.
      24 N 3rd Avenue, Highland Park, NJ 08904
      View Details
    • Contact for pricing
      2,000 SF

      Corner Retail/Office Space Available

      Highway-zoned corner property suitable for retail or office use.
      822 Raritan Avenue, Highland Park, NJ 08904
      View Details
    • $988,888
      2,800 SF

      Highland Park Commercial Property For Sale

      Commercial property in Highland Park, NJ, with rental income potential.
      1149 Raritan Avenue, Highland Park, NJ 08904
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office, retail, and coffee shop tenants.
    Where is this mixed-use property located?
    The property is located at 300 Raritan Avenue Highland Park, NJ.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Prime location in the heart of the city with high foot traffic and exposure.; Fully rented mixed‑use property with office spaces, retail storefronts, and a coffee shop.; Professional management in place.
    7322497717x11
    We can help!
    Listing Contact
    CONNELL HUTKIN
    CONNELL HUTKIN
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!