Renovated Retail
For Sale
Contact for pricing
108 E Plane St, Hackettstown, NJ 07840
An open interior and dedicated parking support a flexible retail layout.
Property Size1,550 SF
Price / SF$1.33
Days on Market9
Property Features for 108 E Plane St
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Commercial
Amenities
open floor plan
Building Details
Tenancy
Multi
Listing Agency:
GARDEN STATE REALTY
Listed By:
DEREK GEE 973-846-0300 · License #1433552
(973) 846-0300
Source:
Brentsellsnj
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 3 at 2:28PM
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 GARDEN STATE REALTY
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Investment Insights
Based on property information with market context.
This 1,550 SF retail unit is part of a strip center and has a largely open floor plan. Recent renovations and dedicated parking are among its physical features. The space is offered on an NNN lease.
Other businesses in the center include a salon, fitness center, florist and grocery market. The property is less than one block from Main Street.
Other businesses in the center include a salon, fitness center, florist and grocery market. The property is less than one block from Main Street.
Key Highlights
- 1,550 SF retail unit in a strip center
- Recently renovated space with a mostly open floor plan
- Dedicated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,811
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,220
$356.2K
Cap Rate 7%
$254,443
$254.4K
Cap Rate 9%
$197,900
$197.9K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$27.9K $18.00/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$25.4K $16.42/SF
− OpEx
−$7.6K −$4.92/SF
NOI
$17.8K $11.49/SF
Area
Warren County, NJ
Vacancy
8.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,220
Cap Rate 7%
$254,443
Cap Rate 9%
$197,900
Alternative Uses
Best Use
Retail
$254.4K
$222.6K – $296.9K
NOI $17,811 @ 7.0% cap · market cap 861.68%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$584.8K
$511.7K – $682.2K
NOI $40,934 @ 7.0% cap · market cap 1,980.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 07840, NJ
31,255
Population
12,974
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
37.3 sq mi
ZIP Area
838
Density / Sq Mi
$107,956
Median Household Income
$54,886
Median Earnings
$1,469
Median Rent
$373,000
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An open interior and dedicated parking support a flexible retail layout.
Where is this retail space located?
The property is located at 108 E Plane St Hackettstown, NJ.
What are key features of this property?
This property features: 1,550 SF retail unit in a strip center; Recently renovated space with a mostly open floor plan; Dedicated parking
