Office and Residential Mixed-Use
For Sale
$299,000
17 High St #1st L, Newton, NJ 07860
Three first-floor office suites sit below a two-bedroom residence, with on-site parking and a garage.
Property Size1,440 SF
Price / SF$207.64
Days on Market130
Property Features for 17 High St #1st L
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Commercial
Additional Details
Floor
1
Office Units
3
Building Details
Building Size
1,440 SF
Year Built
1870
Year Renovated
2024
Buildings
1
Stories
2
Units
2
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Eve Caposela
(973) 694-6500
Source:
Cammarotarealestate
Added: Jun 16
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
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 Howard Hanna Rand Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,440-square-foot mixed-use property in Newton combines first-floor office space with a second-floor residence. The office level contains three suites and a half bath; it was renovated in 2024 and is also available for lease. The residence has two bedrooms and one full bath and has been renovated. The building dates to 1870.
The property is next to the Sussex County Courthouse and near downtown Newton shopping. Parking includes one space and a garage. Commercial zoning is listed for the property.
The property is next to the Sussex County Courthouse and near downtown Newton shopping. Parking includes one space and a garage. Commercial zoning is listed for the property.
Key Highlights
- 1,440‑square‑foot mixed‑use property
- Three first‑floor office suites and a half bath; renovated in 2024
- Second‑floor residence with 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,032
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,640
$440.6K
Cap Rate 7%
$314,743
$314.7K
Cap Rate 9%
$244,800
$244.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$43.2K $30.00/SF
− Vacancy
−$13.8K −$9.60/SF
EGI
$29.4K $20.40/SF
− OpEx
−$7.3K −$5.10/SF
NOI
$22.0K $15.30/SF
Area
Sussex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,640
Cap Rate 7%
$314,743
Cap Rate 9%
$244,800
Alternative Uses
Best Use
Office B
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 7.37%
Second Best
Mixed Use
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$376.0K
$329.0K – $438.7K
NOI $26,321 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 07860, NJ
25,704
Population
11,473
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
95%
High-School Grad
100.2 sq mi
ZIP Area
257
Density / Sq Mi
$104,113
Median Household Income
$53,509
Median Earnings
$1,437
Median Rent
$336,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three first-floor office suites sit below a two-bedroom residence, with on-site parking and a garage.
Where is this mixed-use property located?
The property is located at 17 High St #1st L Newton, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,440‑square‑foot mixed‑use property; Three first‑floor office suites and a half bath; renovated in 2024; Second‑floor residence with 2 bedrooms and 1 bath
