Listing Agency: James Balliet Property Group Show Phone

Listed By: James Balliet · License #PA RS227612L Show Phone

Source: Moodyscre

Added: Nov 5, 2025 Changed: Sep 10 Last Checked: Sep 11 at 12:04PM

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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 James Balliet Property Group

Investment Insights

Based on property information with market context.

This freestanding former bank building offers approximately 3,575 square feet with a drive-thru option and a full basement for additional storage. The property also features abundant parking designed to support convenient customer access and on-site operations.

The site is directly off Exit 7 of I-78 with access to both eastbound and westbound lanes. Its placement near a major interstate route supports strong visibility and straightforward ingress and egress for business use.

With its standalone configuration, drive-thru capability, and parking-focused site layout, the building provides a flexible shell for a range of retail and service concepts.

Key Highlights

• 3,575 SF free‑standing former bank building with drive‑thru available for sale or lease
• 2.39‑acre site with abundant parking
• Drive‑thru and full basement providing additional storage

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

$54,672

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

6.43%

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%

$1,093,440 $1.1M

Cap Rate 7%

$781,029 $781.0K

Cap Rate 9%

$607,467 $607.5K

Market Conditions

NOI Build-Up for 3,575 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

$77.2K $21.60/SF

− Vacancy

−$4.3K −$1.21/SF

EGI

$72.9K $20.39/SF

− OpEx

−$18.2K −$5.10/SF

NOI

$54.7K $15.29/SF

Area

Hunterdon County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /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%

$1,093,440

Cap Rate 7%

$781,029

Cap Rate 9%

$607,467

Alternative Uses

Best Use

Specialty Retail

$781.0K

$683.4K – $911.2K (±1% cap)

NOI $54,672 @ 7.0% cap · market cap 6.43%

Second Best

Retail

$729.0K

$637.8K – $850.5K (±1% cap)

NOI $51,027 @ 7.0% cap · market cap 6.00%

Theoretical Best

Office A

$933.5K

$816.8K – $1.09M (±1% cap)

NOI $65,345 @ 7.0% cap · market cap 7.69%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Banks

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Electrical Service Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

67k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

TA Shops & Services

43,320 visits/mo 0.0 miles

Citgo Shops & Services

12,588 visits/mo 0.1 miles

Exxon Shops & Services

10,234 visits/mo 0.0 miles

Gabrielli Truck Sales Shops & Services

1,203 visits/mo 0.1 miles

Demographics for 08804, NJ

2,987

Population

1,230

Households

2.4

Avg Household Size

45

Median Age

44%

College-Educated

94%

High-School Grad

14.1 sq mi

ZIP Area

212

Density / Sq Mi

$106,250

Median Household Income

$54,375

Median Earnings

$439,100

Median Home Value

Market

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

Questions? Ask Rey

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What type of property is this? Where is this banks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Bank - Freestanding former bank building with drive-thru, full basement storage, and abundant parking on 2.39 acres.

Where is this bank located?

The property is located at 155 Main St Bloomsbury, NJ.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 3,575 SF free‑standing former bank building with drive‑thru available for sale or lease; 2.39‑acre site with abundant parking; Drive‑thru and full basement providing additional storage