Freshly Painted Office
For Sale
Contact for pricing
420 County Road 513, Califon, NJ 07830
Two measured office rooms offer a straightforward layout within a well-maintained commercial building.
Property Size750 SF
Price / SF$1.87
Days on Market48
Property Features for 420 County Road 513
General Information
Standard status
Active
Size
750 SF
Building Details
Year Built
1950
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
BRUCE H. MORROW · License #212442
(862) 219-2911
Source:
Thebansalteam
Added: Sep 5
Changed: Oct 16
Last Checked: Oct 7 at 5:41PM
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
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Investment Insights
Based on property information with market context.
Unit C is an office unit of approximately 750 square feet within a well-maintained building constructed in 1950. The space includes one office measuring 21 X 17 and a second measuring 16 X 12, and it has been freshly painted.
Situated at 420 County Road 513 in Califon Boro, the property has reported drive-by exposure of over 5000 cars per day. Tenant responsibilities include electric, gas, phone/internet, one-quarter of snow removal, and one-quarter of any property-tax increase.
Situated at 420 County Road 513 in Califon Boro, the property has reported drive-by exposure of over 5000 cars per day. Tenant responsibilities include electric, gas, phone/internet, one-quarter of snow removal, and one-quarter of any property-tax increase.
Key Highlights
- Approximately 750 sq ft office unit
- Office #1 measures 21 X 17
- Office #2 measures 16 X 12
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,475
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,500
$229.5K
Cap Rate 7%
$163,929
$163.9K
Cap Rate 9%
$127,500
$127.5K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.5K $30.00/SF
− Vacancy
−$7.2K −$9.60/SF
EGI
$15.3K $20.40/SF
− OpEx
−$3.8K −$5.10/SF
NOI
$11.5K $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 Rate 5%
$229,500
Cap Rate 7%
$163,929
Cap Rate 9%
$127,500
Alternative Uses
Best Use
Office B
$163.9K
$143.4K – $191.3K
NOI $11,475 @ 7.0% cap · market cap 819.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.8K
$171.4K – $228.5K
NOI $13,709 @ 7.0% cap · market cap 979.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two measured office rooms offer a straightforward layout within a well-maintained commercial building.
Where is this office unit located?
The property is located at 420 County Road 513 Califon, NJ.
What are key features of this property?
This property features: Approximately 750 sq ft office unit; Office #1 measures 21 X 17; Office #2 measures 16 X 12
