Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    256 Us-206 Stanhope, NJ

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $895,000

    0.517 acres with retail space and apartment potential.

    Lot size:
    0.52 Acres

    Property Features for 256 Us-206

    General Information

    Lot size
    0.52 Acres

    We can help!

    Listing Contact
    Sigmund E. Schorr
    Source: Moodyscre

    Listing Agent: Sigmund E. Schorr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land with Retail and Apartments

    This property features approximately 0.517 acres of level land. It includes plans for 8 market-rate and 2 affordable one-bedroom apartments, along with 1,650 square feet of retail space. The site provides 27 parking spaces. Retaining walls have been installed by the owner.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stanhope
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.7090517
    Latitude
    40.9028765

    Nearby Similar for Sale

    • $600,000
      Pending

      Multi-Family Property with Investment Potential

      Multi-family property in Stanhope Boro, NJ, ideal for investors.
      16-18 King St, Stanhope, NJ 07874
      View Details
    • $349,900
      2,127 SF

      Mixed-Use Property in Stanhope Boro

      Prime mixed-use property with income potential and live/work flexibility.
      36 Main St, Stanhope, NJ 07874
      View Details
    • Contact for pricing
      1,290 SF

      Professional Office Condo in Stanhope

      Adaptable 1,290 SF office condo ideal for professional services.
      4 Waterloo Rd, Stanhope, NJ 07874
      View Details
    • $1,295,000

      Historic Stanhope House Concert Venue

      Intimate concert venue with restaurant, bar, and rooms upstairs.
      45 Main St, Stanhope, NJ 07874
      View Details
    • $480,000

      Two Ranch-Style Homes on One Lot

      Two move-in-ready homes, ideal for investors or multi-generational living.
      4 Bank St, Stanhope, NJ 07874
      View Details
    • $240,000

      Spacious Residence with Private Deck

      Two-bedroom unit with open layout, deck, and office.
      331 Alpine Ct, Stanhope, NJ 07874
      View Details
    • $630,000

      Stanhope Three-Family Home with Garage

      Three units and oversized garage in Stanhope, New Jersey.
      74 Main St, Stanhope, NJ 07874
      View Details
    • $5,093,458

      C-Store & Gas For Sale

      C-Store & Gas with 19+ Year Absolute Net Ground Lease
      75 Us-206, Stanhope, NJ
      View Details
    • $600,000

      Stanhope Multifamily Property for Sale

      Multifamily property in Stanhope, NJ, available for purchase.
      16 King St, Stanhope, NJ 07874
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.517 acres with retail space and apartment potential.
    Where is this commercial land located?
    The property is located at 256 Us-206 Stanhope, NJ.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - 27 parking spaces available; - Apartments: 8 Market rate, 2 Affordable, all 1 BR; - ± 0.517 Acres
    (973) 768-4206
    Request Owner's contact information
    256 Us-206 Stanhope, NJ
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    256 Us-206
    Stanhope, NJ
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    256 Us-206 Stanhope, NJ
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sigmund E. Schorr
    (973) 768-4206
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.