Banfield Pet Hospital Retail
For Sale
Contact for pricing
190 County Avenue, Secaucus, NJ 07094
For-sale retail offering on County Avenue in Secaucus, New Jersey.
Property Size4,370 SF
Price / SF$437.85
Days on Market133
Property Features for 190 County Avenue
General Information
Standard status
Active
Size
4,370 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$114,796
Additional Details
Cap Rate
6%
Building Details
Year Renovated
2011
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
Eric Suffoletto · License #MA 9577141
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 30 at 10:01AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This retail offering is available for sale at 190 County Avenue in Secaucus, New Jersey. The property information identifies the space as Banfield Pet Hospital and reports a 6% cap rate.
Key Highlights
- 6% cap rate
- 190 County Avenue, Secaucus, NJ 07094
- Retail space offered for sale
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
$62,374
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
3.26%
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%
$1,247,480
$1.2M
Cap Rate 7%
$891,057
$891.1K
Cap Rate 9%
$693,044
$693.0K
Market Conditions
NOI Build-Up for 4,370 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
$94.4K $21.60/SF
− Vacancy
−$5.3K −$1.21/SF
EGI
$89.1K $20.39/SF
− OpEx
−$26.7K −$6.12/SF
NOI
$62.4K $14.27/SF
Area
Hudson County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,247,480
Cap Rate 7%
$891,057
Cap Rate 9%
$693,044
Alternative Uses
Best Use
Retail
$891.1K
$779.7K – $1.04M
NOI $62,374 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.85M
NOI $110,770 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 18%
Hotels & Casinos 5%
Sunoco
Shops & Services
24,016 visits/mo
0.0 miles
Dunkin' Donuts
Dining
6,792 visits/mo
0.1 miles
Mobil
Shops & Services
2,630 visits/mo
0.3 miles
Candlewood Suites Secaucus - Meadowlands, an IHG Hotel
Hotels & Casinos
1,953 visits/mo
0.4 miles
Banfield Pet Hospital
Shops & Services
1,738 visits/mo
0.1 miles
Demographics for 07094, NJ
22,181
Population
9,109
Households
2.4
Avg Household Size
38
Median Age
63%
College-Educated
95%
High-School Grad
5.8 sq mi
ZIP Area
3,824
Density / Sq Mi
$134,746
Median Household Income
$77,447
Median Earnings
$2,197
Median Rent
$557,800
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - For-sale retail offering on County Avenue in Secaucus, New Jersey.
Where is this retail space located?
The property is located at 190 County Avenue Secaucus, NJ.
What is the asking price?
The asking price for this property is $1,913,400.
What are key features of this property?
This property features: 6% cap rate; 190 County Avenue, Secaucus, NJ 07094; Retail space offered for sale
