Highway Commercial Zoned
182 State Route 31 Hampton, NJ 08827
182 State Route 31, Hampton, NJ, 08827
$299,900
For Sale
$299,900
Highway Commercial property suitable for retail, office, or trades.
Property Size1,200 SF
Lot Size0.41 Acres
Price / SF$249.92
Days on Market256
Property Features for 182 State Route 31
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
REAL
(855) 450-0442
Listed by
JAMES SCORDO
Source
Corcoran
Added: Nov 6, 2025 Updated: Jul 6 at 10:18 am Checked: Jul 20 at 3:35 am
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $30.00 |
| − Vacancy | −$11.5k | −$9.60 |
| EGI | $24.5k | $20.40 |
| − OpEx | −$6.1k | −$5.10 |
| NOI | $18.4k | $15.30 |
1,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
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.
