Restaurant With Karaoke
For Sale
$2,700,000
1630 Lincoln Highway Rt, Edison, NJ 08817
Package includes a commercial kitchen, upstairs residential condo, business, equipment, and four additional lots.
Property Size10,302 SF
Price / SF$262.09
Days on Market39
Property Features for 1630 Lincoln Highway Rt
General Information
Standard status
Active
Size
10,302 SF
Additional Details
Business Included
Yes
Road Access
Yes
Land Use
commercial, residential
Equipment Included
Yes
Amenities
private karaoke rooms
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Anju Realty LLC
Listed By:
Weili He · License #RM423736
(609) 933-1831
Source:
Selltheshore
Added: Aug 20
Changed: Sep 24
Last Checked: Sep 26 at 10:49AM
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 Anju Realty LLC
Investment Insights
Based on property information with market context.
The offering combines the Hai Long Ge restaurant business with its primary real estate at 1630 Lincoln Highway Rt. The main building includes a fully equipped commercial kitchen and private karaoke rooms. A second-floor condo adds three bedrooms and one full bath, creating a residential component within the property.
The sale also includes four additional lots at 1616, 1620, and 1632 Lincoln Highway and 25 Taft Ave. Together, the five-lot package provides parking for customers and staff near Route 27 in Edison, New Jersey. Business operations, equipment, the residential condo, and all five land lots are included.
The sale also includes four additional lots at 1616, 1620, and 1632 Lincoln Highway and 25 Taft Ave. Together, the five-lot package provides parking for customers and staff near Route 27 in Edison, New Jersey. Business operations, equipment, the residential condo, and all five land lots are included.
Key Highlights
- Restaurant business and real estate package includes equipment
- Fully equipped commercial kitchen and private karaoke rooms
- Second‑floor condo with 3 bedrooms and 1 full bath
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
$164,714
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
6.10%
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%
$3,294,280
$3.3M
Cap Rate 7%
$2,353,057
$2.4M
Cap Rate 9%
$1,830,156
$1.8M
Market Conditions
NOI Build-Up for 10,302 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
$234.9K $22.80/SF
− Vacancy
−$15.3K −$1.48/SF
EGI
$219.6K $21.32/SF
− OpEx
−$54.9K −$5.33/SF
NOI
$164.7K $15.99/SF
Area
Edison, NJ
Vacancy
6.50%
Lease Rate
$22.80 /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%
$3,294,280
Cap Rate 7%
$2,353,057
Cap Rate 9%
$1,830,156
Alternative Uses
Best Use
Specialty Retail
$2.35M
$2.06M – $2.75M
NOI $164,714 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,719 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
McDonald's
Dining
23,819 visits/mo
0.2 miles
Burger King
Dining
13,892 visits/mo
0.5 miles
TD Bank
Shops & Services
9,621 visits/mo
0.2 miles
Wells Fargo
Shops & Services
8,881 visits/mo
0.3 miles
PNC Bank
Shops & Services
4,923 visits/mo
0.4 miles
Demographics for 08817, NJ
48,243
Population
17,260
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
4,551
Density / Sq Mi
$109,734
Median Household Income
$54,631
Median Earnings
$1,946
Median Rent
$411,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Package includes a commercial kitchen, upstairs residential condo, business, equipment, and four additional lots.
Where is this conventional restaurant located?
The property is located at 1630 Lincoln Highway Rt Edison, NJ.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Restaurant business and real estate package includes equipment; Fully equipped commercial kitchen and private karaoke rooms; Second‑floor condo with 3 bedrooms and 1 full bath
