Turn-Key Store in Historic
3 N New York Road Smithville, NJ 08205
For Sale
$124,900
COMMERCIAL - Smithville, NJ
Property Size1,012 SF
Price / SF$123.42
Days on Market191
Property Features for 3 N New York Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,012 SF
Listing Agency:
LPT Realty
(609) 957-6064
Listed By:
CHRISTIAN LUCIA · License #1431938
(609) 992-1051
Added: Jan 14
Changed: May 21
Last Checked: Jul 24 at 7:06AM
MLS# 603827
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key store is located in the Historic Smithville Village. The 1,012 square foot space includes a bonus storage room and a covered front porch. The property is situated in a heavily traveled area near public restrooms. The current owner has been operating the business for 29 years. The business is for sale with the majority of the inventory included, with a few exclusions. The yearly lease includes electric, but gas is separate. The lease payment may fluctuate slightly month to month. The business name is not included in the sale. This location is suited for a retail business.
Key Highlights
- Turn‑key store with existing inventory included in sale (with some exclusions).
- Prime location within the Historic Smithville Village, next to Fred & Ethel's and near public restrooms.
- Established business with a 29‑year operating history.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.2k | $15.00 |
| − Vacancy | −$1.3k | −$1.28 |
| EGI | $13.9k | $13.73 |
| − OpEx | −$4.2k | −$4.12 |
| NOI | $9.7k | $9.61 |
1,012 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$138.9K
$121.5K – $162.1K
NOI $9,723 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$376.9K
$329.8K – $439.7K
NOI $26,380 @ 7.0% cap · market cap 21.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Lilies Florals — 323 E Jimmie Leeds Rd, Galloway, NJ 08205
FAQs
What type of property is this?
Storefront property - Store in Historic Smithville Village with inventory and storage.
Where is this storefront property located?
The property is located at 3 N New York Road Smithville, NJ.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Turn‑key store with existing inventory included in sale (with some exclusions).; Prime location within the Historic Smithville Village, next to Fred & Ethel's and near public restrooms.; Established business with a 29‑year operating history.
