Building Details

Year Built 1942

Listing Agency: REALTY EXECUTIVES EXCEPTIONAL

Listed By: STACEY MICHELMAN Show Phone

Source: Luminancerealty

Added: Mar 5 Changed: Oct 4 Last Checked: Oct 5 at 10:23PM

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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 REALTY EXECUTIVES EXCEPTIONAL

Investment Insights

Based on property information with market context.

This highly-visible corner lot commercial property is located directly on Main Street. Originally constructed in 1942, the building offers the character and presence of a classic Main Street structure. The property benefits from strong visibility, a walkable downtown environment, and proximity to major transportation routes. The property's location and zoning create a versatile foundation for long-term value, making it suitable for a wide range of commercial uses, including retail, professional office, or service-oriented business. The property is accessible from I80, Route 46 and Netcong Train Station. The building has a size of 1492 square feet and is located in Netcong Boro, NJ.

Key Highlights

• Highly visible corner lot on Main Street.
• Located in a commuter‑friendly borough with easy access to major transportation routes (I80, Route 46, Netcong Train Station).
• Versatile zoning suitable for retail, office, or service‑oriented businesses.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,296

Cap Rate

4.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$425,920 $425.9K

Cap Rate 7%

$304,229 $304.2K

Cap Rate 9%

$236,622 $236.6K

Market Conditions

NOI Build-Up for 1,492 SF

Gross rent

$32.2K $21.60/SF

− Vacancy

−$1.8K −$1.21/SF

EGI

$30.4K $20.39/SF

− OpEx

−$9.1K −$6.12/SF

NOI

$21.3K $14.27/SF

Area

Morris 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 Rate 5%

$425,920

Cap Rate 7%

$304,229

Cap Rate 9%

$236,622

Alternative Uses

Best Use

Retail

$304.2K

$266.2K – $354.9K (±1% cap)

NOI $21,296 @ 7.0% cap · market cap 4.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$389.6K

$340.9K – $454.5K (±1% cap)

NOI $27,271 @ 7.0% cap · market cap 6.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery Spa & Massage Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

418

Businesses Nearby

41k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 62% Shops & Services 38%

ShopRite Groceries

25,339 visits/mo 0.2 miles

Sinclair Shops & Services

7,075 visits/mo 0.4 miles

QuickChek Shops & Services

4,832 visits/mo 0.2 miles

Fulton Bank Shops & Services

3,183 visits/mo 0.1 miles

Family Ford, Inc Shops & Services

679 visits/mo 0.4 miles

Demographics for 07857, NJ

3,397

Population

1,973

Households

1.7

Avg Household Size

41

Median Age

39%

College-Educated

94%

High-School Grad

1.0 sq mi

ZIP Area

3,397

Density / Sq Mi

$92,596

Median Household Income

$60,578

Median Earnings

$1,396

Median Rent

$344,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Netcong Village Florist — 49 Main St, Netcong, NJ 07857

Frequently Asked Questions

What type of property is this?

Storefront property - Highly visible commercial property in commuter-friendly Morris County borough.

Where is this storefront property located?

The property is located at 2 Main St Netcong, NJ.

What is the asking price?

The asking price for this property is $430,000.

What are key features of this property?

This property features: Highly visible corner lot on Main Street.; Located in a commuter‑friendly borough with easy access to major transportation routes (I80, Route 46, Netcong Train Station).; Versatile zoning suitable for retail, office, or service‑oriented businesses.