Versatile Commercial Building with
For Sale
$1,049,000
42 Home #40, Lodi, NJ 07644
Mixed-use building with income potential in prime commuter location.
Property Size5,900 SF
Lot Size0.23 Acres
Price / SF$177.80
Days on Market151
Property Features for 42 Home #40
General Information
Standard status
Active
Size
5,900 SF
Lot size
0.23 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,300
Amenities
Baseboard Heating
Central Air Heating
Gas Heating
Listing Agency:
REAL
(855) 450-0442
Listed By:
PETER TLATELPA · License #291385
Source:
Corcoran
Added: Mar 14
Changed: Aug 10
Last Checked: Aug 10 at 4:02AM
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 commercial building, situated on a 100 x 100 lot, offers approximately 5,900 square feet of space. The first floor is occupied by three separate businesses, providing rental income. The second floor, currently used as a kitchen showroom, offers expansive space suitable for retail, showroom, office, studio, or professional use. On-site parking is available for approximately 8 to 12 vehicles. This property is suitable for an owner-operator looking to run their business while collecting income from additional tenants, creating a live-work style commercial investment. Located near Route 46 and other major highways, the property benefits from accessibility, visibility, and traffic flow, making it suitable for various commercial uses. This property offers versatility and value for establishing a business headquarters while offsetting expenses with rental income, or as a strategic commercial asset in a commuter location.
Key Highlights
- High Income Potential: First floor boasts three separate businesses, providing built‑in rental income.
- Large Flexible Space: Enjoy over 5,900 sq ft with an expansive second floor, perfect for retail, showroom, office, studio, or professional use.
- Prime Location: Conveniently located near Route 46 and major highways, offering easy accessibility, strong visibility, and consistent traffic flow.
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
$84,212
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
8.03%
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%
$1,684,240
$1.7M
Cap Rate 7%
$1,203,029
$1.2M
Cap Rate 9%
$935,689
$935.7K
Market Conditions
NOI Build-Up for 5,900 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
$127.4K $21.60/SF
− Vacancy
−$7.1K −$1.21/SF
EGI
$120.3K $20.39/SF
− OpEx
−$36.1K −$6.12/SF
NOI
$84.2K $14.27/SF
Area
Bergen 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%
$1,684,240
Cap Rate 7%
$1,203,029
Cap Rate 9%
$935,689
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,212 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$1.18M
$1.03M – $1.37M
NOI $82,305 @ 7.0% cap · market cap 7.85%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
175k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 54%
Shops & Services 23%
Groceries 13%
Dining 10%
Burlington
Apparel
48,756 visits/mo
0.4 miles
Marshalls
Apparel
45,382 visits/mo
0.4 miles
Aldi
Groceries
22,204 visits/mo
0.4 miles
PetSmart
Shops & Services
17,501 visits/mo
0.5 miles
Burger King
Dining
16,678 visits/mo
0.4 miles
Demographics for 07644, NJ
26,206
Population
9,864
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
85%
High-School Grad
2.3 sq mi
ZIP Area
11,394
Density / Sq Mi
$84,570
Median Household Income
$48,142
Median Earnings
$1,675
Median Rent
$449,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with income potential in prime commuter location.
Where is this mixed-use property located?
The property is located at 42 Home #40 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: High Income Potential: First floor boasts three separate businesses, providing built‑in rental income.; Large Flexible Space: Enjoy over 5,900 sq ft with an expansive second floor, perfect for retail, showroom, office, studio, or professional use.; Prime Location: Conveniently located near Route 46 and major highways, offering easy accessibility, strong visibility, and consistent traffic flow.
