404 Route 31, West Amwell, NJ 08551

Listing Agency: MINIERI REALTY LLC

Listed By: Roy Minieri · License #ROYMINI Show Phone

Source: Movetonewjersey

Added: Oct 19 Changed: Nov 7 Last Checked: Nov 8 at 3:04AM

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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

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Investment Insights

Based on property information with market context.

Approximately 4,000 square feet of open interior space is arranged in a roughly 45-by-85-foot footprint, with restrooms serving the space. The property is zoned LHC. Uses identified by the owner include retail sales and service, restaurant, medical or general office, fitness, entertainment or recreation, farmers market, animal hospital, self-storage, vehicle sales, and warehouse.

Key Highlights

• Approximately 4,000 square feet of open space
• Roughly 45‑by‑85‑foot layout with 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

What to ask about pricing

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

Retail

$815.6K

$713.7K – $951.6K (±1% cap)

NOI $57,093 @ 7.0% cap · market cap 1,803.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.04M

$913.9K – $1.22M (±1% cap)

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

Retail space

Suggested Use

Top Pick Building Supply Plumbing Service Catering Service Auto Repair Shop Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

42k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

QuickChek Shops & Services

41,739 visits/mo 0.3 miles

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - LHC zoning supports a range of uses, including retail, medical office, restaurant, fitness, and warehouse operations.

Where is this retail space located?

The property is located at 404 Route 31 West Amwell, NJ.

What are key features of this property?

This property features: Approximately 4,000 square feet of open space; Roughly 45‑by‑85‑foot layout with restrooms; LHC zoning