Renovated Mixed-Use
For Sale
$565,000
40 HIGH STREET, Mount Holly, NJ 08060
Renovated downtown property combining restaurant, apartment, and flexible commercial or residential space with separate floor utilities.
Property Size5,750 SF
Price / SF$98.26
Days on Market103
Property Features for 40 HIGH STREET
General Information
Standard status
Active
Size
5,750 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
central air conditioning
separate utilities per floor
separate entrances for residential units
rear access to commercial space
abundant free municipal parking
Building Details
Year Built
1900
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5300
Listed By:
Dawn Varallo · License #RS361696
(856) 381-7884
Source:
Cummingsrealtors
Added: Jun 9
Changed: Sep 17
Last Checked: Sep 18 at 7:02AM
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 BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This renovated mixed-use building in Historic Downtown Mount Holly combines commercial and residential occupancy across three levels. The first floor contains approximately 3,166 square feet of commercial space occupied by a restaurant, with rear office area and a separate rear entrance. The second floor provides approximately 1,598 square feet and is leased as an apartment, while offering flexibility for professional office use. A third-floor apartment includes 986 square feet and upgraded finishes. Separate utilities serve each floor, upper-level residential spaces have independent entrances, and central air conditioning extends throughout the building. The property was built in 1900 and has available on-site parking, along with direct access to a large free municipal parking lot behind the building. Located on High Street near the Burlington County Courthouse complex, the property sits within a walkable downtown setting with restaurants, boutiques, cafés, breweries, financial institutions, and professional offices. Municipal approvals may allow creation of an additional residential unit.
Key Highlights
- Three‑level mixed‑use building with 5,750 square feet of property size
- First‑floor commercial space includes approximately 3,166 SF and an established restaurant
- Second‑floor unit measures approximately 1,598 SF with apartment or office flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,785
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,700
$975.7K
Cap Rate 7%
$696,929
$696.9K
Cap Rate 9%
$542,056
$542.1K
Market Conditions
NOI Build-Up for 5,750 SF
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.
Gross rent
$91.1K $15.84/SF
− Vacancy
−$13.0K −$2.27/SF
EGI
$78.1K $13.57/SF
− OpEx
−$29.3K −$5.09/SF
NOI
$48.8K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$975,700
Cap Rate 7%
$696,929
Cap Rate 9%
$542,056
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$941.4K – $1.26M
NOI $75,312 @ 7.0% cap · market cap 13.33%
Second Best
Specialty Retail
$1.06M
$926.7K – $1.24M
NOI $74,132 @ 7.0% cap · market cap 13.12%
Theoretical Best
Warehouse
$12.03M
$10.52M – $14.03M
NOI $841,821 @ 7.0% cap · market cap 148.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
4,969 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
729 visits/mo
0.3 miles
Demographics for 08060, NJ
25,426
Population
10,198
Households
2.5
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$107,165
Median Household Income
$59,035
Median Earnings
$1,619
Median Rent
$292,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown property combining restaurant, apartment, and flexible commercial or residential space with separate floor utilities.
Where is this mixed-use property located?
The property is located at 40 HIGH STREET Mount Holly, NJ.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Three‑level mixed‑use building with 5,750 square feet of property size; First‑floor commercial space includes approximately 3,166 SF and an established restaurant; Second‑floor unit measures approximately 1,598 SF with apartment or office flexibility
