Corner Retail
For Sale
$1,399,900
45 N Union Street, Lambertville, NJ 08530
For-sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets.
Property Size7,200 SF
Price / SF$194.43
Days on Market49
Property Features for 45 N Union Street
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1890
Listing Agency:
River Valley Realty,LLC
(908) 616-2767
Listed By:
Bradley J Sanford
Source:
Deepcreeklake
Added: Jul 6
Changed: Aug 23
Last Checked: Aug 23 at 3:11AM
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 River Valley Realty,LLC
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers a total size of 7,200 SF and is positioned on a corner lot for improved street presence.
The building is located at 45 N Union St in Lambertville, NJ, at the intersection of Coryell and N. Union Streets, within Hunterdon County.
The information provided supports the property’s retail storefront configuration and corner placement; additional details on the internal layout, condition, and tenancy are not included.
The building is located at 45 N Union St in Lambertville, NJ, at the intersection of Coryell and N. Union Streets, within Hunterdon County.
The information provided supports the property’s retail storefront configuration and corner placement; additional details on the internal layout, condition, and tenancy are not included.
Key Highlights
- For‑sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets
- Corner location on N Union St and Coryell St in Lambertville
- Building year built: 1890
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
$102,768
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
7.34%
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%
$2,055,360
$2.1M
Cap Rate 7%
$1,468,114
$1.5M
Cap Rate 9%
$1,141,867
$1.1M
Market Conditions
NOI Build-Up for 7,200 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
$155.5K $21.60/SF
− Vacancy
−$8.7K −$1.21/SF
EGI
$146.8K $20.39/SF
− OpEx
−$44.0K −$6.12/SF
NOI
$102.8K $14.27/SF
Area
Hunterdon 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%
$2,055,360
Cap Rate 7%
$1,468,114
Cap Rate 9%
$1,141,867
Alternative Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,768 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,604 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Exxon
Shops & Services
5,323 visits/mo
0.2 miles
Dunkin' Donuts
Dining
3,936 visits/mo
0.4 miles
Sunoco
Shops & Services
3,127 visits/mo
0.2 miles
Demographics for 08530, NJ
7,832
Population
3,816
Households
2.1
Avg Household Size
49
Median Age
58%
College-Educated
93%
High-School Grad
27.1 sq mi
ZIP Area
289
Density / Sq Mi
$121,667
Median Household Income
$76,835
Median Earnings
$1,641
Median Rent
$554,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Scarlet Begonias, A Floral Experience — 36 Perry St, Lambertville, NJ 08530
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets.
Where is this storefront property located?
The property is located at 45 N Union Street Lambertville, NJ.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: For‑sale storefront property with 7,200 SF on a corner at N Union and Coryell Streets; Corner location on N Union St and Coryell St in Lambertville; Building year built: 1890
