Established Antique Retail
For Sale
$185,000
414 Raritan Street, Highland Park, NJ 08904
Business Opportunity, Highland Park, NJ
Property Size1,000 SF
Lot Size0.02 Acres
Price / SF$185
Days on Market180
Property Features for 414 Raritan Street
General Information
Property type
Residential
Property subtype
Retail
Parking features
On Street, Open
Security features
Security System
Interior features
Storage Area Leased
Exterior features
Security System
Lot features
Near Shopping, Near Train, Near Public Transit
Directions
4th Ave. & Rarity Ave.
Standard status
Active
Size
1,000 SF
Lot size
0.02 Acres
Utilities
Heating system
Central, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
(732) 549-1998
Listed By:
Michael Mcdonald
(732) 429-8707
Added: Mar 17
Changed: Sep 12
Last Checked: Sep 12 at 9:06AM
MLS# 2612310R
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.
Investment Insights
Based on property information with market context.
This approximately 1,000-square-foot retail space at 414 Raritan Street is offered with an established antique retail business operating for more than 20 years. The included inventory spans Giovanni wedding dresses, mink and beaver furs, vintage clothing and hats, gold and silver jewelry, Uno de 50 pieces, Waterford crystals, and handmade oil paintings.
The property is situated on Raritan Street in Highland Park, near the post office, with open and on-street parking. Building features include a security system, central air conditioning, central heating, public water, and a leased storage area. The sale includes the existing retail inventory and business operation.
The property is situated on Raritan Street in Highland Park, near the post office, with open and on-street parking. Building features include a security system, central air conditioning, central heating, public water, and a leased storage area. The sale includes the existing retail inventory and business operation.
Key Highlights
- Approximately 1,000 square feet of retail space
- Antique retail business operating for more than 20 years
- Inventory includes Giovanni wedding dresses, furs, vintage clothing, jewelry, crystals, and handmade oil paintings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,460
$285.5K
Cap Rate 7%
$203,900
$203.9K
Cap Rate 9%
$158,589
$158.6K
Market Conditions
NOI Build-Up for 1,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$20.4K $20.39/SF
− OpEx
−$6.1K −$6.12/SF
NOI
$14.3K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,460
Cap Rate 7%
$203,900
Cap Rate 9%
$158,589
Alternative Uses
Best Use
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 40%
Dining 12%
Superfresh
Groceries
15,207 visits/mo
0.1 miles
Lukoil
Shops & Services
7,194 visits/mo
0.2 miles
Bank of America
Shops & Services
5,463 visits/mo
0.2 miles
Papa John's Pizza
Dining
2,482 visits/mo
0.5 miles
Pad Thai
Dining
1,395 visits/mo
0.2 miles
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Includes wedding dresses, jewelry, furs, clothing, crystals, and paintings.
Where is this retail space located?
The property is located at 414 Raritan Street Highland Park, NJ.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Approximately 1,000 square feet of retail space; Antique retail business operating for more than 20 years; Inventory includes Giovanni wedding dresses, furs, vintage clothing, jewelry, crystals, and handmade oil paintings
