Mixed-Use Building with Three
For Sale
$599,000
420 County Road 513, Califon, NJ 07830
Well-maintained mixed-use building featuring three separate units.
Property Size2,992 SF
Lot Size0.55 Acres
Price / SF$200.20
Days on Market239
Property Features for 420 County Road 513
General Information
Standard status
Active
Size
2,992 SF
Lot size
0.55 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,275
Amenities
Central air
Asphalt Shingle Roof
3 Units Cooling
3 Units Heating
Blacktop Driveway
Central Air Cooling
Forced Hot Air Heating
Level Lot
Building Details
Year Built
1950
Listing Agency:
COLDWELL BANKER REALTY
(908) 735-8080
Listed By:
BRUCE H. MORROW · License #212442
Source:
Corcoran
Added: Dec 15, 2025
Changed: Aug 8
Last Checked: Apr 5 at 9:12PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building features three separate units. The location benefits from approximately 5000 cars passing by daily. Unit A includes office space with a garage/warehouse area, a half bath, a full bath, and a natural gas generator. Unit B offers office space with a half bath. Unit C contains two offices with a half bath and second-floor light storage; this unit is currently rented to a doctor's office. All units have separate heating and air conditioning, and the building is connected to city water. The property's size is 2992 square feet.
Key Highlights
- Three separate units, each with its own restroom.
- High traffic location (approximately 5000 cars per day).
- Unit A includes office space and a garage/warehouse area, plus both a 1/2 bath and full bath, and a natural gas generator.
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
$45,778
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
7.64%
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%
$915,560
$915.6K
Cap Rate 7%
$653,971
$654.0K
Cap Rate 9%
$508,644
$508.6K
Market Conditions
NOI Build-Up for 2,992 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
$89.8K $30.00/SF
− Vacancy
−$28.7K −$9.60/SF
EGI
$61.0K $20.40/SF
− OpEx
−$15.3K −$5.10/SF
NOI
$45.8K $15.30/SF
Area
Hunterdon County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$915,560
Cap Rate 7%
$653,971
Cap Rate 9%
$508,644
Alternative Uses
Best Use
Office B
$654.0K
$572.2K – $763.0K
NOI $45,778 @ 7.0% cap · market cap 7.64%
Second Best
Warehouse
$582.6K
$509.7K – $679.7K
NOI $40,779 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$781.3K
$683.6K – $911.5K
NOI $54,689 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 07830, NJ
6,529
Population
2,746
Households
2.4
Avg Household Size
49
Median Age
64%
College-Educated
98%
High-School Grad
26.0 sq mi
ZIP Area
251
Density / Sq Mi
$181,023
Median Household Income
$76,672
Median Earnings
$1,771
Median Rent
$622,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use building featuring three separate units.
Where is this mixed-use property located?
The property is located at 420 County Road 513 Califon, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three separate units, each with its own restroom.; High traffic location (approximately 5000 cars per day).; Unit A includes office space and a garage/warehouse area, plus both a 1/2 bath and full bath, and a natural gas generator.
