Highway Commercial Zoned
For Sale
$299,900
Pending
182 State Route 31, Hampton, NJ 08827
Highway Commercial property suitable for retail, office, or trades.
Property Size1,200 SF
Lot Size0.41 Acres
Days on Market301
Property Features for 182 State Route 31
General Information
Standard status
Pending
Size
1,200 SF
Lot size
0.41 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,068
Amenities
Central air
Asphalt Shingle Roof
1 Car Width
1 Unit Heating
Blacktop Driveway
Crushed Stone Driveway
Forced Hot Air Heating
Open Lot
Wall A/C Unit(s) Cooling
Wooded Lot
Building Details
Year Built
1940
Listing Agency:
REAL
(855) 450-0442
Listed By:
JAMES SCORDO
(908) 244-7811
Source:
Corcoran
Added: Nov 6, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:57AM
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 REAL
Investment Insights
Based on property information with market context.
This property is zoned Highway Commercial and offers a suitable location for a tradesman. The zoning permits over 60 retail, office, trades, garage, and business uses. Currently used as a single-family home, it is ideal for home occupation. The property has a depth of over 300 feet. The house is in good condition but requires updating and is being sold as is. The property size is 1200 square feet.
Key Highlights
- Highway Commercial zoning allows for over 60 permitted uses.
- Ideal for home occupation.
- Great location for a tradesman.
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
$18,360
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
6.12%
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%
$367,200
$367.2K
Cap Rate 7%
$262,286
$262.3K
Cap Rate 9%
$204,000
$204.0K
Market Conditions
NOI Build-Up for 1,200 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
$36.0K $30.00/SF
− Vacancy
−$11.5K −$9.60/SF
EGI
$24.5K $20.40/SF
− OpEx
−$6.1K −$5.10/SF
NOI
$18.4K $15.30/SF
Area
Hunterdon 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 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%
$367,200
Cap Rate 7%
$262,286
Cap Rate 9%
$204,000
Alternative Uses
Best Use
Office B
$262.3K
$229.5K – $306.0K
NOI $18,360 @ 7.0% cap · market cap 6.12%
Second Best
Retail
$244.7K
$214.1K – $285.5K
NOI $17,128 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K
NOI $21,934 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 08827, NJ
4,531
Population
1,644
Households
2.8
Avg Household Size
46
Median Age
49%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
250
Density / Sq Mi
$128,589
Median Household Income
$62,695
Median Earnings
$1,223
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Highway Commercial property suitable for retail, office, or trades.
Where is this commercial land located?
The property is located at 182 State Route 31 Hampton, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Highway Commercial zoning allows for over 60 permitted uses.; Ideal for home occupation.; Great location for a tradesman.
