Two-Studio Storefront Retail
For Sale
Contact for pricing
29 N Main St, Cranbury, NJ 08512
Village Commercial zoning supports retail, food service, and personal services with dedicated parking.
Property Size4,975 SF
Lot Size0.22 Acres
Price / SF$251.26
Days on Market241
Property Features for 29 N Main St
General Information
Standard status
Active
Size
4,975 SF
Total Parking Spaces
8
Lot size
0.22 Acres
Property subtype
RETAIL
Zoning
VC
Additional Details
Frontage
55.84 ft
Amenities
reception area
Listing Agency:
Fennelly Associates
(609) 306-3158
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Jan 2
Changed: Aug 29
Last Checked: Aug 29 at 2:57PM
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 Fennelly Associates
Investment Insights
Based on property information with market context.
This 4,975-square-foot storefront property at 29 N Main St. features two open studio areas, a reception space, extensive windows, and strong natural light. The building measures 49.6 feet by 100.6 feet and includes a large storefront along 55.84 feet of main street frontage. A recently replaced roof, 2015 HVAC installation, and 2020 air purification system are part of the existing improvements. Electrical service is 400 amps, 208 3W.
The property includes an 8-space parking area measuring 60 feet by 52 feet on a 9,761-square-foot lot with 175 feet of depth. VC, or Village Commercial, zoning supports retail, food service, and personal services. The site is 1 mile from US-130, 2.6 miles from NJ Turnpike Exit 8A, and 5 miles from Downtown Princeton.
The property includes an 8-space parking area measuring 60 feet by 52 feet on a 9,761-square-foot lot with 175 feet of depth. VC, or Village Commercial, zoning supports retail, food service, and personal services. The site is 1 mile from US-130, 2.6 miles from NJ Turnpike Exit 8A, and 5 miles from Downtown Princeton.
Key Highlights
- 4,975‑square‑foot storefront building with two open studios and reception area
- 55.84 ft of main street frontage with a large storefront
- 9,761 SF lot with 175’ ft of depth
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
$74,396
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
5.95%
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%
$1,487,920
$1.5M
Cap Rate 7%
$1,062,800
$1.1M
Cap Rate 9%
$826,622
$826.6K
Market Conditions
NOI Build-Up for 4,975 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
$111.6K $22.44/SF
− Vacancy
−$5.4K −$1.08/SF
EGI
$106.3K $21.36/SF
− OpEx
−$31.9K −$6.41/SF
NOI
$74.4K $14.95/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /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%
$1,487,920
Cap Rate 7%
$1,062,800
Cap Rate 9%
$826,622
Alternative Uses
Best Use
Retail
$1.06M
$930.0K – $1.24M
NOI $74,396 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,045 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08512, NJ
12,897
Population
5,237
Households
2.5
Avg Household Size
43
Median Age
55%
College-Educated
94%
High-School Grad
22.8 sq mi
ZIP Area
566
Density / Sq Mi
$115,255
Median Household Income
$65,587
Median Earnings
$1,584
Median Rent
$618,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Hightstown Elegant Creations LLC — 108 n main st, cranbury, nj 08512
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Frequently Asked Questions
What type of property is this?
Storefront property - Village Commercial zoning supports retail, food service, and personal services with dedicated parking.
Where is this storefront property located?
The property is located at 29 N Main St Cranbury, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,975‑square‑foot storefront building with two open studios and reception area; 55.84 ft of main street frontage with a large storefront; 9,761 SF lot with 175’ ft of depth
