Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37-39 Main St Roxbury Township, NJ 07876

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-unit commercial building in Roxbury Township with multiple revenue streams.

    Property Features for 37-39 Main St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Sukhbir Singh
    Source: Corcoran

    Listing Agency: ELEVATE REALTY Listing Agent: Sukhbir Singh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Building with Income Potential

    Located at 37-39 Main Street in Succasunna, this three-unit commercial building presents an income opportunity. The property features dual-entrance driveways and parking for over 15 vehicles in the front and back. Unit 1 is currently operating as a deli with lottery and cigarette licenses and is fully equipped with refrigerators and cooking equipment. Unit 2 is approved for the installation of 9 washers and 9 dryers, making it suitable for a laundromat conversion. The second floor, Unit 3, is a five-room unit with one bathroom, ideal for office or residential rental. The building is situated at a high-traffic four-way intersection, offering excellent visibility. This property is suitable for owner-users or investors seeking multiple revenue streams in Roxbury Township's commercial corridor.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ronetco Supermarkets Inc, Ledgewood Farm

    Location Insight

    • Map
    • Local Demand
    City
    Roxbury Township
    County
    Morris
    State
    New Jersey
    Longitude
    -74.696391
    Latitude
    40.843301

    Nearby Similar for Sale

    • $650,000
      2,087 SF

      Roxbury Twp. Mixed-Use Property

      High-visibility corner property with commercial space and residential units.
      490 Route 46, Roxbury Twp, NJ 07847
      View Details
    • New
      $610,000
      0.36 Acres

      Roxbury Twp Multi-Family Investment

      Well-maintained multi-family property with immediate income potential in Roxbury.
      71-73 Main St, Roxbury Twp, NJ 07876
      View Details
    • Contact for pricing
      470,044 SF

      Spacious Industrial Warehouse For Sale

      470,044 SF warehouse with trailer parking and modern features.
      1876 Us-46, Landing, NJ
      View Details
    • $650,000

      Kenvil Mixed-Use Commercial Property

      Mixed-use commercial property with retail space, apartments, and parking.
      490 Rte, Kenvil, NJ 07847
      View Details
    • Contact for pricing
      11,840 SF

      Ledgewood Warehouse Space Available

      11,840 SF warehouse/industrial property in Ledgewood, New Jersey.
      111 Howard Blvd, Ledgewood, NJ
      View Details
    • Contact for pricing

      Mixed-Use Investment Opportunity

      Centrally located commercial property with high income potential in Succasunna!
      37-39 Main St, Roxbury Township, NJ 07876
      View Details
    • Contact for pricing
      0.47 Acres

      Route 46 Ledgewood Commercial Space

      High-visibility storefront, highway location. Great potential!
      171 Route46, Ledgewood, NJ 07803
      View Details
    • Contact for pricing
      0.47 Acres

      Route 46 Ledgewood Commercial Space

      High-visibility storefront, excellent location.
      171 Route46, Ledgewood, NJ 07803
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Three-unit commercial building in Roxbury Township with multiple revenue streams.
    Where is this grocery and convenience store located?
    The property is located at 37-39 Main St Roxbury Township, NJ.
    What are key features of this property?
    This property features: - High-traffic location at a 4-way intersection with excellent visibility.; - Multiple revenue streams potential from 3 units: deli, laundromat conversion, and office/residential rental.; - Dual-entrance driveways with parking for 15+ vehicles.
    (201) 375-1132
    Request Owner's contact information
    37-39 Main St Roxbury Township, NJ 07876
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37-39 Main St
    Roxbury Township, NJ 07876
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37-39 Main St Roxbury Township, NJ 07876
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sukhbir Singh
    (201) 375-1132
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!