Mixed-Use Commercial
42 Home Pl Lodi, NJ 07644
42 Home Pl, Lodi, NJ, 07644
$1,049,000
For Sale
$1,049,000
Two-level commercial building offers income from three first-floor businesses and a large second-floor kitchen showroom.
Property Size5,900 SF
Lot Size0.23 Acres
Price / SF$177.80
Days on Market131
Property Features for 42 Home Pl
General Information
- Standard status
- Active
- Size
- 5,900 SF
- Lot size
- 0.23 Acres
Listing agency
Real
(855) 450-0442
Listed by
Peter Tlatelpa
(855) 450-0442
Source
Exprealty
Added: Mar 13 Updated: Jul 21 at 3:45AM Checked: Jul 21 at 3:45AM
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 Real
Investment Insights
Based on property information with market context.
This mixed-use commercial building is situated on a 100-by-100 lot and totals 5,900+ square feet. The first floor is currently occupied by three separate businesses, creating built-in rental income. The entire second floor is owned and used by the current owner as a kitchen showroom, with expansive space that can support a range of commercial or professional uses.
The property includes on-site parking for approximately 8–12 vehicles. It is conveniently located near Route 46 and other major highways, providing easy access and strong visibility with consistent traffic flow.
With a multi-tenant first floor and a dedicated showroom level above, the building offers operational flexibility for an owner-operator or investors looking for a live-work style setup while maintaining additional rental income.
The property includes on-site parking for approximately 8–12 vehicles. It is conveniently located near Route 46 and other major highways, providing easy access and strong visibility with consistent traffic flow.
With a multi-tenant first floor and a dedicated showroom level above, the building offers operational flexibility for an owner-operator or investors looking for a live-work style setup while maintaining additional rental income.
Key Highlights
- Two‑level commercial building with 5,900+ SF on a 100 x 100 lot
- First floor is occupied by three separate businesses, providing built‑in rental income
- Second floor is owned and used as a kitchen showroom with expansive space for retail, showroom, office, studio, or professional use
Local Financial Insights For Office B
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 | $177.0k | $30.00 |
| − Vacancy | −$56.6k | −$9.60 |
| EGI | $120.4k | $20.40 |
| − OpEx | −$30.1k | −$5.10 |
| NOI | $90.3k | $15.30 |
5,900 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,270 @ 7.0% cap · market cap 8.61%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $84,212 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,843 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Two-level commercial building offers income from three first-floor businesses and a large second-floor kitchen showroom.
Where is this live-work space located?
The property is located at 42 Home Pl Lodi, NJ.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑level commercial building with 5,900+ SF on a 100 x 100 lot; First floor is occupied by three separate businesses, providing built‑in rental income; Second floor is owned and used as a kitchen showroom with expansive space for retail, showroom, office, studio, or professional use
