Equipped Ski Shop
For Sale
$449,000
1253 Springfield Ave, New Providence, NJ 07974
Retail storefront business with ski inventory, rental equipment, and an established seasonal rental program.
Property Size1,500 SF
Price / SF$299.33
Days on Market31
Property Features for 1253 Springfield Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
REALTY EXECUTIVES PROPERTY SQUAD
(973) 220-4414
Listed By:
JOHANNA RIVERA
Source:
Goldstandardrealty
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 30 at 8:06PM
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 REALTY EXECUTIVES PROPERTY SQUAD
Investment Insights
Based on property information with market context.
This storefront retail business is offered with a complete ski shop operation, including ski boots, skis, snowboards, rental gear, accessories, and related equipment. The sale also includes inventory, customer relationships, and business goodwill, allowing a purchaser to acquire an operating retail concept rather than an empty space.
An established rental program is part of the offering, with rental contracts already in place and repeat seasonal customers associated with the business. The property is identified at 1253 Springfield Ave in New Providence Boro, New Jersey, providing a specific operating location for the retail and rental business.
An established rental program is part of the offering, with rental contracts already in place and repeat seasonal customers associated with the business. The property is identified at 1253 Springfield Ave in New Providence Boro, New Jersey, providing a specific operating location for the retail and rental business.
Key Highlights
- Ski boots, skis, snowboards, accessories, and rental gear included
- Established ski rental program with contracts already in place
- Inventory, equipment, customer relationships, and goodwill included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,410
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $14.27/SF
Area
Union 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 30%
Shops & Services 12%
Beauty & Spa 2%
ACME Markets
Groceries
29,601 visits/mo
0.2 miles
Starbucks
Dining
16,135 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,312 visits/mo
0.0 miles
Smashburger
Dining
7,030 visits/mo
0.1 miles
The UPS Store
Shops & Services
6,417 visits/mo
0.1 miles
Demographics for 07974, NJ
13,122
Population
4,995
Households
2.6
Avg Household Size
43
Median Age
69%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
3,281
Density / Sq Mi
$168,860
Median Household Income
$95,875
Median Earnings
$2,042
Median Rent
$726,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront business with ski inventory, rental equipment, and an established seasonal rental program.
Where is this storefront property located?
The property is located at 1253 Springfield Ave New Providence, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Ski boots, skis, snowboards, accessories, and rental gear included; Established ski rental program with contracts already in place; Inventory, equipment, customer relationships, and goodwill included
