Restaurant and House For
1012 Tabor Road Morris Plains, NJ 07950
1012 Tabor Road, Morris Plains, NJ, 07950
Contact for pricing
For Sale
Contact for pricing
Includes a +/-1,800 SF restaurant and a +/-800 SF house with a 2-car garage.
Property Size2,600 SF
Price / SF$394.23
Days on Market19
Property Features for 1012 Tabor Road
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Retail, Mixed Use
Listing agency
Weichert Commercial Brokerage Inc Morris Plains
Listed by
Cynthia La Terra · License #NJ
Source
Crexi
Added: Jul 3 Updated: Jul 21 at 7:35AM Checked: Jul 21 at 7:35AM
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 Commercial Brokerage Inc Morris Plains
Investment Insights
Based on property information with market context.
The property is an owner-user opportunity that includes both a restaurant and a separate house on the same site. Available restaurant space is approximately 1,800 SF, with an additional approximately 800 SF house that features a 2-car garage.
The property is located in close proximity to Routes 80, 287, 46, and 10, providing convenient regional access.
This configuration supports an owner who wants to combine on-site living with an operating restaurant use under one ownership structure.
The property is located in close proximity to Routes 80, 287, 46, and 10, providing convenient regional access.
This configuration supports an owner who wants to combine on-site living with an operating restaurant use under one ownership structure.
Key Highlights
- Property at 1012 Tabor Road, Morris Plains, NJ 07950 includes a restaurant and an attached house
- Approximately 1,800 SF restaurant space available
- Approximately 800 SF house with a 2‑car garage
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 | $56.2k | $21.60 |
| − Vacancy | −$3.1k | −$1.21 |
| EGI | $53.0k | $20.39 |
| − OpEx | −$13.3k | −$5.10 |
| NOI | $39.8k | $15.29 |
2,600 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$568.0K
$497.0K – $662.7K
NOI $39,761 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Includes a +/-1,800 SF restaurant and a +/-800 SF house with a 2-car garage.
Where is this conventional restaurant located?
The property is located at 1012 Tabor Road Morris Plains, NJ.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Property at 1012 Tabor Road, Morris Plains, NJ 07950 includes a restaurant and an attached house; Approximately 1,800 SF restaurant space available; Approximately 800 SF house with a 2‑car garage
