Retail Space For
416 W Delilah Rd Pleasantville, NJ 08232
416 W Delilah Rd, Pleasantville, NJ, 08232
Contact for pricing
For Sale
Contact for pricing
Retail space built in 2019, leased until 4/28.
Property Size9,200 SF
Price / SF$184.67
Days on Market790
Property Features for 416 W Delilah Rd
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2019
Listing Agency
Bonanni Realtors
Listed by
Jamie Walter · License #NJ 9909570
Source
Crexi
Added: May 18, 2024 Checked: Jul 16 at 3:42 am
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 Bonanni Realtors
Investment Insights
Based on property information with market context.
This retail space, constructed in 2019, offers approximately 9,180 square feet. The property is currently leased until April 28th, with five-year options available thereafter. The current annual income from the lease is $129,400. The tenant is responsible for taxes, while the owner is responsible for the roof, awning, and gutters. The property was built in 2017.
Key Highlights
- High Annual Income: Generates $129,400 annually from a lease.
- Strong Cap Rate: Offers a desirable 7% capitalization rate.
- Tenant Pays Taxes: Benefit from a lease structure where the tenant handles property taxes.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.0k | $15.00 |
| − Vacancy | −$11.7k | −$1.28 |
| EGI | $126.3k | $13.73 |
| − OpEx | −$37.9k | −$4.12 |
| NOI | $88.4k | $9.61 |
9,200 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,389 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $239,821 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space built in 2019, leased until 4/28.
Where is this retail space located?
The property is located at 416 W Delilah Rd Pleasantville, NJ.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: High Annual Income: Generates $129,400 annually from a lease.; Strong Cap Rate: Offers a desirable 7% capitalization rate.; Tenant Pays Taxes: Benefit from a lease structure where the tenant handles property taxes.
