Downtown Retail
For Sale
Contact for pricing
109 William St, Boonton, NJ 07005
Compact commercial space suited to a range of retail formats.
Property Size1,328 SF
Price / SF$1.51
Days on Market69
Property Features for 109 William St
General Information
Standard status
Active
Size
1,328 SF
Building Details
Year Built
1930
Listing Agency:
EXP REALTY, LLC
Listed By:
OSCAR CAJIAO
(201) 899-6599
Source:
Luminancerealty
Added: Aug 9
Changed: Oct 14
Last Checked: Oct 15 at 1:52AM
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 EXP REALTY, LLC
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Investment Insights
Based on property information with market context.
This 1,328-square-foot retail space was built in 1930 and is located at 109 William St in Boonton Town, New Jersey. The property is offered for sale and provides a storefront-oriented commercial setting for retail use.
Key Highlights
- 1,328 SF retail space
- Built in 1930
- 109 William St, Boonton Town, NJ 07005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,100
$379.1K
Cap Rate 7%
$270,786
$270.8K
Cap Rate 9%
$210,611
$210.6K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$28.7K $21.60/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$27.1K $20.39/SF
− OpEx
−$8.1K −$6.12/SF
NOI
$19.0K $14.27/SF
Area
Morris County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,100
Cap Rate 7%
$270,786
Cap Rate 9%
$210,611
Alternative Uses
Best Use
Retail
$270.8K
$236.9K – $315.9K
NOI $18,955 @ 7.0% cap · market cap 947.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.8K
$303.4K – $404.6K
NOI $24,274 @ 7.0% cap · market cap 1,213.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 84%
Shops & Services 7%
Dining 4%
Home Improvements & Furnishings 3%
Walmart
Superstores
76,446 visits/mo
0.3 miles
Wells Fargo
Shops & Services
3,831 visits/mo
0.4 miles
Mattress Firm
Home Improvements & Furnishings
2,865 visits/mo
0.5 miles
Sushi House
Dining
2,200 visits/mo
0.1 miles
Santander Bank
Shops & Services
2,165 visits/mo
0.1 miles
Demographics for 07005, NJ
15,985
Population
6,115
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
96%
High-School Grad
18.3 sq mi
ZIP Area
873
Density / Sq Mi
$126,411
Median Household Income
$66,198
Median Earnings
$1,779
Median Rent
$565,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Compact commercial space suited to a range of retail formats.
Where is this retail space located?
The property is located at 109 William St Boonton, NJ.
What are key features of this property?
This property features: 1,328 SF retail space; Built in 1930; 109 William St, Boonton Town, NJ 07005
