Restaurant with Dine-In and
For Sale
$649,900
155 Irving Ave, Bridgeton, NJ 08302
Restaurant building includes dine-in service, cafe area, kitchen, cold storage, and both front parking and back receiving space.
Property Size2,000 SF
Price / SF$324.95
Days on Market116
Property Features for 155 Irving Ave
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1984
Listing Agency:
Keller Williams Prime Realty
Listed By:
Osbaldo T Matias · License #1758382
(856) 558-3079
Source:
Kandorre
Added: May 17
Changed: Aug 23
Last Checked: Sep 8 at 11:09AM
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 Keller Williams Prime Realty
Investment Insights
Based on property information with market context.
This restaurant opportunity features a dine-in option with a dedicated cafe area, along with an ample kitchen, cold storage, and additional back storage for operations. The layout also supports ongoing day-to-day use, with back storage designed for operational needs.
The property is located in the heart of Bridgeton, NJ, positioned next to an active shopping plaza and surrounded by homes. Public remarks describe heavy foot traffic in the surrounding area.
Parking is available at the front for customers and at the back for receiving and employees, providing separation between customer parking and operational access. The building is described as active and ready for continued operations or for a new concept at the same location.
The property is located in the heart of Bridgeton, NJ, positioned next to an active shopping plaza and surrounded by homes. Public remarks describe heavy foot traffic in the surrounding area.
Parking is available at the front for customers and at the back for receiving and employees, providing separation between customer parking and operational access. The building is described as active and ready for continued operations or for a new concept at the same location.
Key Highlights
- Restaurant building includes dine‑in service and a cafe area
- Ample kitchen plus cold storage and back storage for operations
- Private front parking and back parking for receiving clients and employees
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
$28,022
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
4.31%
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%
$560,440
$560.4K
Cap Rate 7%
$400,314
$400.3K
Cap Rate 9%
$311,356
$311.4K
Market Conditions
NOI Build-Up for 2,000 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
$39.0K $19.50/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$37.4K $18.68/SF
− OpEx
−$9.3K −$4.67/SF
NOI
$28.0K $14.01/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$19.50 /SF/Yr
Expense Ratio
25.00%
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%
$560,440
Cap Rate 7%
$400,314
Cap Rate 9%
$311,356
Alternative Uses
Best Use
Specialty Retail
$400.3K
$350.3K – $467.0K
NOI $28,022 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,211 @ 7.0% cap · market cap 32.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
6,147 visits/mo
0.3 miles
Sinclair
Shops & Services
4,209 visits/mo
0.3 miles
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building includes dine-in service, cafe area, kitchen, cold storage, and both front parking and back receiving space.
Where is this conventional restaurant located?
The property is located at 155 Irving Ave Bridgeton, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Restaurant building includes dine‑in service and a cafe area; Ample kitchen plus cold storage and back storage for operations; Private front parking and back parking for receiving clients and employees
