Open-Plan Retail
For Sale
Contact for pricing
404 Route 31 N, Ringoes, NJ 08551
An open interior with dedicated restrooms and zoning identified as LHC supports a range of owner-preferred uses.
Property Size4,000 SF
Price / SF$0.79
Days on Market13
Property Features for 404 Route 31 N
General Information
Standard status
Active
Size
4,000 SF
Zoning
LHC
Additional Details
Property Use
Office
Amenities
rest rooms
Listing Agency:
MINIERI REALTY LLC
(732) 354-1957
Listed By:
ROY F. MINIERI
Source:
Exprealty
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 27 at 3:17AM
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 MINIERI REALTY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 404 Route 31 N in Ringoes, this retail property offers approximately 4,000 square feet of open interior space, roughly 45 by 85 feet, with its own restrooms. The zoning designation is LHC.
The owner prefers uses that include retail sales and service, a restaurant, medical or general office, fitness, recreation or entertainment, a farmers market, an animal hospital, self storage, vehicle sales, or warehouse. These are stated preferences, not confirmation of permitted uses.
The owner prefers uses that include retail sales and service, a restaurant, medical or general office, fitness, recreation or entertainment, a farmers market, an animal hospital, self storage, vehicle sales, or warehouse. These are stated preferences, not confirmation of permitted uses.
Key Highlights
- Approximately 4,000 SF of open space, about 45x85
- Dedicated restrooms
- LHC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,093
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,141,860
$1.1M
Cap Rate 7%
$815,614
$815.6K
Cap Rate 9%
$634,367
$634.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$4.8K −$1.21/SF
EGI
$81.6K $20.39/SF
− OpEx
−$24.5K −$6.12/SF
NOI
$57.1K $14.27/SF
Area
Hunterdon 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%
$1,141,860
Cap Rate 7%
$815,614
Cap Rate 9%
$634,367
Alternative Uses
Best Use
Office B
$874.3K
$765.0K – $1.02M
NOI $61,200 @ 7.0% cap · market cap 1,933.04%
Second Best
Healthcare Medical
$850.8K
$744.5K – $992.6K
NOI $59,558 @ 7.0% cap · market cap 1,881.17%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 2,309.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 08551, NJ
5,540
Population
2,196
Households
2.5
Avg Household Size
48
Median Age
65%
College-Educated
97%
High-School Grad
26.2 sq mi
ZIP Area
211
Density / Sq Mi
$154,966
Median Household Income
$70,446
Median Earnings
$2,125
Median Rent
$580,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - An open interior with dedicated restrooms and zoning identified as LHC supports a range of owner-preferred uses.
Where is this retail space located?
The property is located at 404 Route 31 N Ringoes, NJ.
What are key features of this property?
This property features: Approximately 4,000 SF of open space, about 45x85; Dedicated restrooms; LHC zoning
