Restaurant and House For
For Sale
Contact for pricing
1012 Tabor Road, Morris Plains, NJ 07950
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 Market113
Property Features for 1012 Tabor Road
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
26
Property subtype
Retail, Mixed Use
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listed By:
Cynthia La Terra · License #NJ
Source:
Crexi
Added: Jul 3
Changed: Oct 13
Last Checked: Oct 23 at 3:47AM
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 Cynthia La Terra
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,761
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,220
$795.2K
Cap Rate 7%
$568,014
$568.0K
Cap Rate 9%
$441,789
$441.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$56.2K $21.60/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$53.0K $20.39/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $15.29/SF
Area
Morris County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,220
Cap Rate 7%
$568,014
Cap Rate 9%
$441,789
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,131 visits/mo
0.1 miles
Exxon
Shops & Services
2,309 visits/mo
0.0 miles
Demographics for 07950, NJ
21,459
Population
8,460
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,358
Density / Sq Mi
$148,469
Median Household Income
$80,217
Median Earnings
$2,549
Median Rent
$571,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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
