Add Listing
    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

    396 Main St Metuchen, NJ 08840

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Fully leased mixed-use property with retail and residential units.

    Property size:
    4,224 SF
    Lot size:
    0.06 Acres

    Property Features for 396 Main St

    General Information

    Standard status
    Active
    Size
    4,224 SF
    Lot size
    0.06 Acres

    We can help!

    Listing Contact
    Cynthia Kilker
    Cynthia Kilker
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS ELITE REALTORS Listing Agent: Cynthia Kilker

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

    Learn more

    Overview

    Income-Generating Mixed-Use Property

    This is an income-generating mixed-use commercial property. The property is fully leased and includes three retail stores and two residential rental units. The property is very well maintained and experiences a high volume of foot traffic due to its location near the train station and various other businesses. The property size is 4,224 square feet.
    Location Intelligence

    Current Use by Public Records

    Quick In Food Store Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Metuchen
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3609389
    Latitude
    40.5411558

    Nearby Similar for Sale

    • New
      $799,900
      2,000 SF

      Metuchen Three-Family Home Investment

      Fully rented three-family home in Metuchen with income potential.
      111 Center St, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      450 SF

      Downtown Metuchen Professional Office Space

      Professional office space in downtown Metuchen, near train and amenities.
      54 Pearl St, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      1,250 SF

      Medical Office Shared Space Available

      Shared medical office space available in Metuchen, NJ.
      41 Bridge St, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      2,500 SF

      Metuchen Warehouse For Sale

      2500 sqft warehouse space in Metuchen, NJ.
      121 Liberty St, Metuchen, NJ 08840
      View Details
    • $1,500,000
      4,224 SF

      Mixed-Use Property Near Train Station

      Income-generating mixed-use property with retail and residential units near train.
      396 Main St, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      8,373 SF

      Freestanding Retail Building in Metuchen

      Freestanding retail building in downtown Metuchen, steps from Main Street.
      45 Pearl St, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      1,000 SF

      Medical Office Space For Sale

      Medical office space in Bridge Pointe Complex, great location.
      234 Bridge St, Metuchen, NJ 08840
      View Details
    • $12,500,000
      47,048 SF

      Industrial Portfolio on Liberty Street

      Four fully leased industrial buildings near major transportation routes.
      15-55-65-68 Liberty St, Metuchen, NJ 08840
      View Details
    • $12,500,000
      47,048 SF

      Fully Leased Industrial Buildings

      Portfolio of four fully leased industrial buildings for sale.
      203 Norcross Ave, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      1,422 SF

      Restaurant Ready Commercial Building For Sale

      1,422 SF commercial building perfect for restaurant operator.
      275 Amboy Ave, Metuchen, NJ 08840
      View Details
    • $12,500,000
      47,048 SF

      Industrial Portfolio in Metuchen, NJ

      Four fully leased industrial buildings near major roadways for sale.
      15-55-65-68 Liberty St, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      2,500 SF

      Versatile Commercial Unit For Sale

      2,500 sqft unit suitable for storage and business use.
      121 Liberty St, Metuchen, NJ 08840
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 396 Main St Metuchen, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Income-generating mixed-use commercial property.; - Fully leased with 3 retail stores and 2 residential rentals.; - High foot traffic location next to the train station.
    (732) 549-1998
    Request Owner's contact information
    396 Main St Metuchen, NJ 08840
    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.
    396 Main St
    Metuchen, NJ 08840
    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
    396 Main St Metuchen, NJ 08840
    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
    Cynthia Kilker
    Cynthia Kilker
    Real Estate License ID: 1542275
    (732) 549-1998
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!