Flex Space with
For Sale
$399,000
445 Us Highway 46 #445, Hackettstown, NJ 07840
A walkout basement, second-floor offices, and a two-car garage add practical utility to the commercial layout.
Property Size2,182 SF
Price / SF$182.86
Days on Market135
Property Features for 445 Us Highway 46 #445
General Information
Standard status
Active
Size
2,182 SF
Total Parking Spaces
100
Property subtype
Commercial
Zoning
C-2
Amenities
private offices
dedicated lavatory
showroom
walkout basement
two-car garage
Building Details
Building Size
2,182 SF
Stories
2
Units
1
Listing Agency:
Keller Williams Metropolitan
Listed By:
Celeste Araujo
(973) 539-1120
Source:
Cammarotarealestate
Added: Jun 11
Changed: Oct 22
Last Checked: Oct 22 at 2:46PM
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 Keller Williams Metropolitan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding flex property combines an open first-floor showroom with three private offices on the second level and a dedicated lavatory. A walkout basement provides storage and delivery access, while the two-car garage adds covered vehicle or equipment space. The first floor has new baseboard heating, and the property also has a new well pump.
The site is zoned C-2 and includes on-site parking. Engineering plans for a new garage are available.
The site is zoned C-2 and includes on-site parking. Engineering plans for a new garage are available.
Key Highlights
- Open first‑floor showroom and three private second‑floor offices
- Second‑floor lavatory
- Walkout basement suited to storage and deliveries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,074
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,480
$501.5K
Cap Rate 7%
$358,200
$358.2K
Cap Rate 9%
$278,600
$278.6K
Market Conditions
NOI Build-Up for 2,182 SF
Gross rent
$39.3K $18.00/SF
− Vacancy
−$3.5K −$1.58/SF
EGI
$35.8K $16.42/SF
− OpEx
−$10.7K −$4.92/SF
NOI
$25.1K $11.49/SF
Area
Warren County, NJ
Vacancy
8.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,480
Cap Rate 7%
$358,200
Cap Rate 9%
$278,600
Alternative Uses
Best Use
Industrial
$677.9K
$593.2K – $790.9K
NOI $47,455 @ 7.0% cap · market cap 11.89%
Second Best
Retail
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 6.28%
Theoretical Best
Warehouse
$823.2K
$720.3K – $960.4K
NOI $57,624 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07840, NJ
31,255
Population
12,974
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
37.3 sq mi
ZIP Area
838
Density / Sq Mi
$107,956
Median Household Income
$54,886
Median Earnings
$1,469
Median Rent
$373,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- The BBQ Pit Catering Co — 163 Winding Hill Dr, Hackettstown, NJ 07840
Frequently Asked Questions
What type of property is this?
Flex space - A walkout basement, second-floor offices, and a two-car garage add practical utility to the commercial layout.
Where is this flex space located?
The property is located at 445 Us Highway 46 #445 Hackettstown, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Open first‑floor showroom and three private second‑floor offices; Second‑floor lavatory; Walkout basement suited to storage and deliveries
