Mixed-Use Retail and Office
3031 State Route 27 Franklin, NJ 08823
3031 State Route 27, Franklin, NJ, 08823
$1,300,000
For Sale
$1,300,000
COMMERCIAL - Franklin, NJ
Property Size8,320 SF
Lot Size0.80 Acres
Price / SF$156.25
Days on Market78
Property Features for 3031 State Route 27
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- NBH
- Parking
- 38
- Parking features
- Parking Lot, Open
- Interior features
- Carpeting, Lighting Fixtures
- Standard status
- Active
- APN
- 0800048000000003
- Size
- 8,320 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 19959
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Flooring type
- Lighting fixtures, Carpet, Laminate, Wood
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
KUKER & KESSLER REAL ESTATE
(732) 297-8282
3031 ROUTE 27, Franklin Park, NJ
Listed by
Jon Kessler
(732) 297-8282
Added: May 4 Updated: Jul 7 at 3:32 pm Checked: Jul 20 at 3:06 pm
MLS# 2615084R
Copyright © 2026 All Jersey 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 two-story commercial building is fully occupied and offers a mix of retail and office space. The first floor features three commercial/retail units, while the second floor provides four office units. The property also includes a real estate office that is not for sale, configured as a two-story space with six rooms and separate HVAC. There are six bathrooms across the building, and CAM includes water and sewer for the applicable units, excluding the real estate office.
Located on a highway, the building offers lots of parking to support day-to-day tenant and customer access. The property is zoned NBH.
With separate HVAC servicing for the real estate office and multiple individually arranged units across both levels, the layout is designed to support distinct operations within one building.
Located on a highway, the building offers lots of parking to support day-to-day tenant and customer access. The property is zoned NBH.
With separate HVAC servicing for the real estate office and multiple individually arranged units across both levels, the layout is designed to support distinct operations within one building.
Key Highlights
- Fully occupied 2‑story commercial building with 3 first‑floor commercial/retail units and 4 second‑floor office units
- Real estate office on site (business not for sale) with 6 rooms and all separate HVAC
- CAM includes water and sewer for the building, except for the real estate office
Local 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 | $179.7k | $21.60 |
| − Vacancy | −$10.1k | −$1.21 |
| EGI | $169.6k | $20.39 |
| − OpEx | −$50.9k | −$6.12 |
| NOI | $118.8k | $14.27 |
8,320 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,296 @ 7.0% cap · market cap 9.79%
Second Best
Retail
$1.70M
$1.48M – $1.98M
NOI $118,754 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,076 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story building with three first-floor retail units and four office units, including separate HVAC systems.
Where is this retail space located?
The property is located at 3031 State Route 27 Franklin, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully occupied 2‑story commercial building with 3 first‑floor commercial/retail units and 4 second‑floor office units; Real estate office on site (business not for sale) with 6 rooms and all separate HVAC; CAM includes water and sewer for the building, except for the real estate office
