Highway Commercial Zoned
For Sale
$299,900
182 State Route 31, Hampton, NJ 08827
Highway Commercial property suitable for retail, office, or trades.
Property Size1,200 SF
Price / SF$249.92
Days on Market229
Property Features for 182 State Route 31
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1940
Listing Agency:
REAL
Listed By:
JAMES SCORDO · License #240105
(855) 450-0442
Source:
Luminancerealty
Added: Mar 5
Changed: Oct 8
Last Checked: Oct 5 at 10:21PM
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
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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 / Yr
$18,360
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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.
