Building Details

Year Built 1870

Listing Agency: KELLER WILLIAMS MID-TOWN DIRECT j***@kwnyc.com Show Phone

Listed By: JOHN BRITO

Source: Xome

Added: Jan 2 Changed: Aug 23 Last Checked: Aug 24 at 5:17AM

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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 KELLER WILLIAMS MID-TOWN DIRECT

Investment Insights

Based on property information with market context.

This dual-asset portfolio is situated on a 1-acre lot on Mt. Bethel Road. The property includes two independent buildings on a single tax lot, offering value-add potential. It provides easy access to I-78 and Route 22. The property is suitable for investment, with possible owner-user opportunities, in a sought-after location. The property size is 6290 square feet.

Key Highlights

• Dual‑asset portfolio with two independent buildings on a single tax lot.
• High‑visibility location on Mt. Bethel Road.
• Immediate value‑add upside potential.

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

$105,702

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

5.35%

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%

$2,114,040 $2.1M

Cap Rate 7%

$1,510,029 $1.5M

Cap Rate 9%

$1,174,467 $1.2M

Market Conditions

NOI Build-Up for 6,290 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

$217.4K $34.56/SF

− Vacancy

−$48.3K −$7.67/SF

EGI

$169.1K $26.89/SF

− OpEx

−$63.4K −$10.08/SF

NOI

$105.7K $16.80/SF

Area

Somerset County, NJ

Vacancy

22.20%

Lease Rate

$34.56 /SF/Yr

Expense Ratio

37.50%

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%

$2,114,040

Cap Rate 7%

$1,510,029

Cap Rate 9%

$1,174,467

Alternative Uses

Best Use

Mixed Use

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,702 @ 7.0% cap · market cap 5.35%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.64M

$1.44M – $1.92M (±1% cap)

NOI $114,971 @ 7.0% cap · market cap 5.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Today's World Learning ... Tutoring Service Artfully Young Vocational School PAWS About LLC Pet Grooming Service

Suggested Use

Top Pick Restaurant Auto Parts Store Real Estate Agency Parking Lot & Garage Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

295

Businesses Nearby

Explore this area Business Placement

Demographics for 07059, NJ

16,096

Population

5,924

Households

2.7

Avg Household Size

47

Median Age

68%

College-Educated

97%

High-School Grad

19.7 sq mi

ZIP Area

817

Density / Sq Mi

$201,579

Median Household Income

$88,318

Median Earnings

$2,099

Median Rent

$899,200

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - High-visibility, dual-asset portfolio on 1 AC lot.

Where is this mixed-use property located?

The property is located at 186 MOUNT BETHEL RD Unit 0 Warren, NJ.

What is the asking price?

The asking price for this property is $1,975,000.

What are key features of this property?

This property features: Dual‑asset portfolio with two independent buildings on a single tax lot.; High‑visibility location on Mt. Bethel Road.; Immediate value‑add upside potential.