Turnkey Antique & Jewelry
For Sale
$195,000
414 Raritan Ave, Highland Park, NJ 08904
Turnkey retail business with approximately 1,000 sq ft and included antique, jewelry, fashion, decor, and art inventory.
Property Size1,000 SF
Price / SF$195
Days on Market176
Property Features for 414 Raritan Ave
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed By:
MICHAEL MCDONALD
(732) 429-8707
Source:
Exprealty
Added: Mar 17
Changed: Sep 4
Last Checked: Sep 8 at 8:54AM
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
This is a turnkey opportunity: a 20-year-established retail antique store with approximately 1,000 sq ft of showroom space at 414 Raritan Ave in Highland Park, NJ. The sale includes substantial on-hand inventory spanning fashion and luxury items, jewelry, decor, and art, including Giovanni wedding dresses, fine jewelry, Uno de 50 selections, and Waterford brand crystals, along with handmade oil paintings.
The store is positioned on main street and is located close to the post office. The included product mix supports both in-store merchandising and online sales.
For buyers seeking an operating retail business with a defined, diverse inventory assortment and a long-standing customer base, this offering provides an immediate, inventory-included retail setup built over more than two decades of operation.
The store is positioned on main street and is located close to the post office. The included product mix supports both in-store merchandising and online sales.
For buyers seeking an operating retail business with a defined, diverse inventory assortment and a long-standing customer base, this offering provides an immediate, inventory-included retail setup built over more than two decades of operation.
Key Highlights
- Established antique store business operating for over 20 years with a year‑round, dedicated client base
- Approximately 1,000 sq ft of retail space on a main street with close proximity to the post office
- Inventory included: Giovanni wedding dresses, genuine gold/silver/gold‑plated jewelry, and Uno de 50 pieces
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
$14,273
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
7.32%
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%
$285,460
$285.5K
Cap Rate 7%
$203,900
$203.9K
Cap Rate 9%
$158,589
$158.6K
Market Conditions
NOI Build-Up for 1,000 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
$21.6K $21.60/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$20.4K $20.39/SF
− OpEx
−$6.1K −$6.12/SF
NOI
$14.3K $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 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%
$285,460
Cap Rate 7%
$203,900
Cap Rate 9%
$158,589
Alternative Uses
Best Use
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
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
0.2 miles
Bank of America
Shops & Services
5,463 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Highland Flower — 75 Raritan Ave, Highland Park, NJ 08904
- Avalon Designs LLC — 114 Raritan Ave, Highland Park, NJ 08904
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey retail business with approximately 1,000 sq ft and included antique, jewelry, fashion, decor, and art inventory.
Where is this storefront property located?
The property is located at 414 Raritan Ave Highland Park, NJ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Established antique store business operating for over 20 years with a year‑round, dedicated client base; Approximately 1,000 sq ft of retail space on a main street with close proximity to the post office; Inventory included: Giovanni wedding dresses, genuine gold/silver/gold‑plated jewelry, and Uno de 50 pieces
