Vernon Township Commercial Property For
276 State Rt 94, Vernon, NJ 07462
For Sale
$599,000
Commercial property in Vernon Township with high visibility and road traffic.
Property Size2,985 SF
Lot Size0.64 Acres
Price / SF$200.67
Days on Market272
Property Features for 276 State Rt 94
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Asphalt Shingle Roof
Blacktop Driveway
Central Air Cooling
Forced Hot Air Heating
Multi-Zone Cooling
Multi-Zone Heating
Open Lot
Parking Lot-Exclusive
Building Details
Year Built
Listing Agency:
TERRIE O'CONNOR REALTORS
(973) 838-0100
Listed By:
DEBRA ZYSKOWSKI · License #1539962
(201) 247-6334
Source:
Corcoran
Added: Feb 11
Changed: Aug 16
Last Checked: Aug 14 at 6:01AM
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 TERRIE O'CONNOR REALTORS
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Investment Insights
Based on property information with market context.
Located in the McAfee section of Vernon Township, this commercial property is near the Mountain Creek Ski Resort. The building contains three units, two of which are currently rented. The current tenants include an orthodontist/medical practice and a beauty/massage business. One unit is vacant and available for rent. The property is suitable for investors or business owners looking to collect rent while operating their own business. The available unit is suitable for medical, retail, beauty, skin care, or salon businesses. All three units have private bathrooms and easy access with no stairs. There is an additional vacant space upstairs that could be used for storage or converted into an apartment. The building is well-maintained and situated in a peaceful setting with ample parking. The property offers high road traffic and visibility.
Key Highlights
- High road traffic and visibility in the McAfee section of Vernon Township.
- Proximity to Mountain Creek Ski Resort.
- Three units in a well‑maintained building; two currently rented, providing immediate income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,671
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,420
$913.4K
Cap Rate 7%
$652,443
$652.4K
Cap Rate 9%
$507,456
$507.5K
Market Conditions
NOI Build-Up for 2,985 SF
Gross rent
$89.6K $30.00/SF
− Vacancy
−$28.7K −$9.60/SF
EGI
$60.9K $20.40/SF
− OpEx
−$15.2K −$5.10/SF
NOI
$45.7K $15.30/SF
Area
Sussex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$913,420
Cap Rate 7%
$652,443
Cap Rate 9%
$507,456
Alternative Uses
Best Use
Office B
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 7.62%
Second Best
Healthcare Medical
$634.9K
$555.6K – $740.8K
NOI $44,445 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$779.4K
$682.0K – $909.4K
NOI $54,561 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07462, NJ
6,670
Population
3,589
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
17.0 sq mi
ZIP Area
392
Density / Sq Mi
$99,125
Median Household Income
$57,154
Median Earnings
$1,614
Median Rent
$252,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial property in Vernon Township with high visibility and road traffic.
Where is this medical office space located?
The property is located at 276 State Rt 94 Vernon, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High road traffic and visibility in the McAfee section of Vernon Township.; Proximity to Mountain Creek Ski Resort.; Three units in a well‑maintained building; two currently rented, providing immediate income.
