Main-Level Retail
For Sale
Contact for pricing
308 S Main St, Wharton, NJ 07885
Mixed-use building space with a half bath, kitchenette, and shared parking for customers and staff.
Property Size950 SF
Price / SF$2.32
Days on Market47
Property Features for 308 S Main St
General Information
Standard status
Active
Size
950 SF
Additional Details
Floor
Ground
Amenities
half bath
kitchenette
shared parking
Building Details
Year Built
1974
Tenancy
Single
Listing Agency:
RE/MAX PLATINUM GROUP
Listed By:
AURA M. VILLA SANCHEZ · License #311526
(973) 726-5700
Source:
Luminancerealty
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 5 at 11:51PM
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 RE/MAX PLATINUM GROUP
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Investment Insights
Based on property information with market context.
This approximately 950-square-foot retail space occupies the main level of a mixed-use building constructed in 1974. The layout includes a half bath and kitchenette, providing practical support areas for retail, boutique, office, or professional-service use.
The property is located at 308 S Main St in Wharton Boro, New Jersey. Main Street frontage provides visibility, while the slow traffic flow may make it easier for passing drivers to view the space. Shared parking is available for customer and staff use.
The property is located at 308 S Main St in Wharton Boro, New Jersey. Main Street frontage provides visibility, while the slow traffic flow may make it easier for passing drivers to view the space. Shared parking is available for customer and staff use.
Key Highlights
- Approximately 950 SF on the main level
- Half bath and kitchenette included
- Mixed‑use building constructed in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,560
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,200
$271.2K
Cap Rate 7%
$193,714
$193.7K
Cap Rate 9%
$150,667
$150.7K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$20.5K $21.60/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$19.4K $20.39/SF
− OpEx
−$5.8K −$6.12/SF
NOI
$13.6K $14.27/SF
Area
Morris County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,200
Cap Rate 7%
$193,714
Cap Rate 9%
$150,667
Alternative Uses
Best Use
Retail
$193.7K
$169.5K – $226.0K
NOI $13,560 @ 7.0% cap · market cap 616.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.1K
$217.1K – $289.4K
NOI $17,364 @ 7.0% cap · market cap 789.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 07885, NJ
11,521
Population
4,947
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
784
Density / Sq Mi
$100,903
Median Household Income
$52,325
Median Earnings
$1,961
Median Rent
$345,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Mixed-use building space with a half bath, kitchenette, and shared parking for customers and staff.
Where is this retail space located?
The property is located at 308 S Main St Wharton, NJ.
What are key features of this property?
This property features: Approximately 950 SF on the main level; Half bath and kitchenette included; Mixed‑use building constructed in 1974
