Central Business District Commercial
332 Raritan Ave, Highland Park, NJ 08904
For Sale
New
Contact for pricing
A 1.67-acre site includes a vacant commercial building and Central Business District zoning.
Property Size15,328 SF
Price / SF$313.15
Days on Market5
Property Features for 332 Raritan Ave
General Information
Standard status
Size
Property subtype
Listing Agency:
Matthews Real Estate Investment Services | Fort Lauderdale
(866) 899-0550
Listed By:
Brandon Senia · License FL SL3540848
(407) 745-0685
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:43PM
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 Matthews Real Estate Investment Services | Fort Lauderdale
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises a 1.67-acre commercial site with Central Business District zoning and a vacant 15,328-square-foot building. The existing structure and land are offered together as a commercial land asset.
Key Highlights
- 1.67‑acre site with Central Business District zoning
- Vacant commercial building totaling 15,328 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,781
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,375,620
$4.4M
Cap Rate 7%
$3,125,443
$3.1M
Cap Rate 9%
$2,430,900
$2.4M
Market Conditions
NOI Build-Up for 15,328 SF
Gross rent
$331.1K $21.60/SF
− Vacancy
−$18.5K −$1.21/SF
EGI
$312.5K $20.39/SF
− OpEx
−$93.8K −$6.12/SF
NOI
$218.8K $14.27/SF
Area
Middlesex 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%
$4,375,620
Cap Rate 7%
$3,125,443
Cap Rate 9%
$2,430,900
Alternative Uses
Best Use
Retail
$3.13M
$2.73M – $3.65M
NOI $218,781 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,171 @ 7.0% cap · market cap 5.84%
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
1,302
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 48%
Shops & Services 40%
Dining 12%
Superfresh
Groceries
15,207 visits/mo
0.1 miles
Lukoil
Shops & Services
7,194 visits/mo
0.3 miles
Bank of America
Shops & Services
5,463 visits/mo
0.3 miles
Papa John's Pizza
Dining
2,482 visits/mo
0.5 miles
Pad Thai
Dining
1,395 visits/mo
0.2 miles
Demographics for 08904, NJ
15,072
Population
6,858
Households
2.2
Avg Household Size
36
Median Age
70%
College-Educated
94%
High-School Grad
1.8 sq mi
ZIP Area
8,373
Density / Sq Mi
$101,991
Median Household Income
$58,786
Median Earnings
$1,881
Median Rent
$463,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Commercial land in Middlesex County, NJ
Properties on Market for Commercial land in Middlesex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - A 1.67-acre site includes a vacant commercial building and Central Business District zoning.
Where is this commercial land located?
The property is located at 332 Raritan Ave Highland Park, NJ.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 1.67‑acre site with Central Business District zoning; Vacant commercial building totaling 15,328 square feet
