Corner Retail Restaurant
10-1121 Route 47 S Rio Grande, NJ 08242
10-1121 Route 47 S, Rio Grande, NJ, 08242
$249,900
For Sale
$249,900
Corner storefront offers large windows, two entrances, and ample parking in a Route 47 business district.
Property Size1,300 SF
Price / SF$192.23
Days on Market98
Property Features for 10-1121 Route 47 S
General Information
- Standard status
- Active
- Size
- 1,300 SF
Listing agency
Rio Realty
(609) 222-1561
Listed by
John E Renteria
(609) 222-1561
Source
Exprealty
Added: Apr 16 Updated: Jul 22 at 3:31PM Checked: Jul 22 at 3:31PM
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 Rio Realty
Investment Insights
Based on property information with market context.
This corner retail/restaurant space features two customer/visitor entrances and large windows for strong natural light. The unit is designed for storefront visibility and direct access from the street-facing frontage.
Located on Route 47 South in the heart of Rio Grande’s busy business district, the property benefits from a large parking lot with ample parking. Public remarks indicate an adjacent complex with a new movie theatre nearby.
Town Center (TC) zoning permits a range of commercial uses, including retail sales, service uses, restaurants, professional and business offices, and health care facilities and services.
Located on Route 47 South in the heart of Rio Grande’s busy business district, the property benefits from a large parking lot with ample parking. Public remarks indicate an adjacent complex with a new movie theatre nearby.
Town Center (TC) zoning permits a range of commercial uses, including retail sales, service uses, restaurants, professional and business offices, and health care facilities and services.
Key Highlights
- Approx. 1,300 SF corner unit storefront with large windows for customer/client lighting
- Two customer/client entrances from the corner
- Large on‑site parking lot with ample parking
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $21.60 |
| − Vacancy | −$1.7k | −$1.30 |
| EGI | $26.4k | $20.30 |
| − OpEx | −$6.6k | −$5.08 |
| NOI | $19.8k | $15.23 |
1,300 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$215.3K
$188.4K – $251.2K
NOI $15,070 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$397.9K
$348.2K – $464.3K
NOI $27,855 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner storefront offers large windows, two entrances, and ample parking in a Route 47 business district.
Where is this retail space located?
The property is located at 10-1121 Route 47 S Rio Grande, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Approx. 1,300 SF corner unit storefront with large windows for customer/client lighting; Two customer/client entrances from the corner; Large on‑site parking lot with ample parking
