1130 US Highway 46, Ledgewood, NJ 07852

Building Details

Year Built 2016 More

Construction red brick More

Listing Agency: Matthews Real Estate Investment Services | Dallas Show Phone

Listed By: Josh Bishop · License #688810(TX) Show Phone

Source: Moodyscre

Added: Nov 2 Changed: Nov 3 Last Checked: Nov 8 at 4:33AM

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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 Matthews Real Estate Investment Services | Dallas

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Investment Insights

Based on property information with market context.

Completed in 2016 as a build-to-suit for Advance Auto Parts, this 6,810-square-foot storefront uses an all-red-brick prototype design. The property is located at 1130 US Highway 46 in Ledgewood, New Jersey.

Key Highlights

• 6,810‑square‑foot storefront building
• Completed in 2016 as a build‑to‑suit for Advance Auto Parts
• All‑red‑brick prototype construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,201

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,944,020 $1.9M

Cap Rate 7%

$1,388,586 $1.4M

Cap Rate 9%

$1,080,011 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,810 SF

Gross rent

$147.1K $21.60/SF

− Vacancy

−$8.2K −$1.21/SF

EGI

$138.9K $20.39/SF

− OpEx

−$41.7K −$6.12/SF

NOI

$97.2K $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%

$1,944,020

Cap Rate 7%

$1,388,586

Cap Rate 9%

$1,080,011

Alternative Uses

Best Use

Retail

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,201 @ 7.0% cap · market cap 4.25%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.78M

$1.56M – $2.07M (±1% cap)

NOI $124,476 @ 7.0% cap · market cap 5.44%

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

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Hair Salon Grocery & Convenience Store Locksmith Food Market HVAC Service

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

101

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 07852, NJ

3,723

Population

1,629

Households

2.3

Avg Household Size

45

Median Age

60%

College-Educated

95%

High-School Grad

3.6 sq mi

ZIP Area

1,034

Density / Sq Mi

$90,924

Median Household Income

$70,682

Median Earnings

$1,476

Median Rent

$424,900

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Morris County, NJ

$204 Jul

$235 Aug

$212 Sep

$209 Oct

Properties on Market for Storefront properties in Morris County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Purpose-built for an Advance Auto Parts location, the freestanding property offers a dedicated retail configuration.

Where is this storefront property located?

The property is located at 1130 US Highway 46 Ledgewood, NJ.

What is the asking price?

The asking price for this property is $2,287,886.

What are key features of this property?

This property features: 6,810‑square‑foot storefront building; Completed in 2016 as a build‑to‑suit for Advance Auto Parts; All‑red‑brick prototype construction