Building Details

Building Size 10,604 SF

Year Built 1890

Stories 3

Units 10

Listing Agency: Weichert Realtors Corp Hq Show Phone

Listed By: Narayan Venugopal

Source: Cammarotarealestate

Added: Apr 28 Changed: Oct 22 Last Checked: Oct 22 at 2:13PM

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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 Weichert Realtors Corp Hq

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Investment Insights

Based on property information with market context.

This mixed-use property is currently occupied for worship and as staff residences. It is officially certified by the New Jersey Department of Community Affairs as a 10 Room Unit building and is zoned R120. The building dates to 1890.

A leaseback after closing is requested while construction of new facilities is underway. The property is being sold as-is.

Key Highlights

• Certified by NJ DCA as a 10 Room Unit building
• Currently used for worship and staff residences
• R120 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,850

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,557,000 $1.6M

Cap Rate 7%

$1,112,143 $1.1M

Cap Rate 9%

$865,000 $865.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,604 SF

Gross rent

$142.5K $13.44/SF

− Vacancy

−$18.0K −$1.69/SF

EGI

$124.6K $11.75/SF

− OpEx

−$46.7K −$4.40/SF

NOI

$77.9K $7.34/SF

Area

Morris County, NJ

Vacancy

12.60%

Lease Rate

$13.44 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,557,000

Cap Rate 7%

$1,112,143

Cap Rate 9%

$865,000

Alternative Uses

Best Use

Mixed Use

$1.11M

$973.1K – $1.30M (±1% cap)

NOI $77,850 @ 7.0% cap · market cap 4.87%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.77M

$2.42M – $3.23M (±1% cap)

NOI $193,824 @ 7.0% cap · market cap 12.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Building Supply Dental Office Law Firm Auto Repair Shop Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

183

Businesses Nearby

Explore this area Business Placement

Demographics for 07082, NJ

5,720

Population

2,107

Households

2.7

Avg Household Size

44

Median Age

73%

College-Educated

100%

High-School Grad

6.1 sq mi

ZIP Area

938

Density / Sq Mi

$194,464

Median Household Income

$97,843

Median Earnings

$2,726

Median Rent

$686,800

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property currently serves as a place of worship and staff housing.

Where is this mixed-use property located?

The property is located at 100 Jacksonville Rd #1 Towaco, NJ.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Certified by NJ DCA as a 10 Room Unit building; Currently used for worship and staff residences; R120 zoning