Building Details

Year Built 1960

Buildings 2

Stories 1

Listing Agency: Somerville-Tranzon LLC

Listed By: John Dobos · License #NJ 0674597

Source: Crexi

Added: Mar 17 Changed: Aug 9 Last Checked: Aug 21 at 7:45AM

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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 Somerville-Tranzon LLC

Investment Insights

Based on property information with market context.

Located at 239 Route 206 in Byram, NJ, the Stonewood Tavern presents an opportunity to acquire the real property, a 33 Plenary Retail Consumption Liquor License, and Furniture, Fixtures, and Equipment (FF&E). The property benefits from its location on one of Sussex County's busiest thoroughfares, with high visibility and a daily traffic count of 28,000 vehicles per day. The sale includes kitchen equipment, bar fixtures, and dining furniture. The building is well-maintained and includes dedicated parking. The property's frontage on Route 206 provides access to I-80 and Northern NJ. The property size is 4,476 square feet. The location is positioned for high-volume service. The property is suitable for continuing the Stonewood concept or rebranding with a new concept.

Key Highlights

• Includes a full 33 Plenary Retail Consumption Liquor License.
• Prime location on Route 206 with high visibility and 28,000 vehicles per day.
• Sale includes Real Estate, Furniture, Fixtures, and Equipment (FF&E).

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

$68,451

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

4.28%

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%

$1,369,020 $1.4M

Cap Rate 7%

$977,871 $977.9K

Cap Rate 9%

$760,567 $760.6K

Market Conditions

NOI Build-Up for 4,476 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

$96.7K $21.60/SF

− Vacancy

−$5.4K −$1.21/SF

EGI

$91.3K $20.39/SF

− OpEx

−$22.8K −$5.10/SF

NOI

$68.5K $15.29/SF

Area

Sussex County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

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%

$1,369,020

Cap Rate 7%

$977,871

Cap Rate 9%

$760,567

Alternative Uses

Best Use

Specialty Retail

$977.9K

$855.6K – $1.14M (±1% cap)

NOI $68,451 @ 7.0% cap · market cap 4.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,814 @ 7.0% cap · market cap 5.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bars & Pubs

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency HVAC Service Storage Facility Kitchen & Bath Showroom Bakery

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

57

Businesses Nearby

457

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Metro Self Storage Shops & Services

457 visits/mo 0.3 miles

Demographics for 07821, NJ

8,877

Population

3,779

Households

2.3

Avg Household Size

45

Median Age

53%

College-Educated

97%

High-School Grad

42.8 sq mi

ZIP Area

207

Density / Sq Mi

$145,100

Median Household Income

$65,963

Median Earnings

$1,646

Median Rent

$401,900

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs 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?

Bar & Pub - Prime location with liquor license, equipment, and real estate.

Where is this bar & pub located?

The property is located at 239 US-206 Byram Township, NJ.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Includes a full 33 Plenary Retail Consumption Liquor License.; Prime location on Route 206 with high visibility and 28,000 vehicles per day.; Sale includes Real Estate, Furniture, Fixtures, and Equipment (FF&E).