Main Street Mixed-Use
5 N Main St, Wharton, NJ 07885
For Sale
$150,000
Mixed-use property with storefront and residential unit on Main Street.
Property Size500 SF
Price / SF$300
Days on Market235
Property Features for 5 N Main St
General Information
Standard status
Size
Property subtype
Listing Agency:
RE/MAX PLATINUM GROUP
Listed By:
Aura M. Villa Sanchez · License NJ #311526
(973) 726-5700
Source:
Pickpina
Added: Mar 24
Changed: Nov 5
Last Checked: Nov 12 at 4:41AM
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 RE/MAX PLATINUM GROUP
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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 mixed-use property is located on Main Street in Wharton, New Jersey. The property includes a storefront property and a residential unit. The residential unit is a 2-bedroom apartment featuring a large eat-in kitchen, laundry facilities, a private backyard, and a patio. The property offers commercial potential and residential comfort. The property size is 1296 square feet.
Key Highlights
- Prime investment opportunity on Main Street.
- Versatile property with commercial and residential units.
- Unit 1: Open storefront property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,137
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$142,740
$142.7K
Cap Rate 7%
$101,957
$102.0K
Cap Rate 9%
$79,300
$79.3K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$10.8K $21.60/SF
− Vacancy
−$605 −$1.21/SF
EGI
$10.2K $20.39/SF
− OpEx
−$3.1K −$6.12/SF
NOI
$7.1K $14.27/SF
Area
Morris 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 Rate 5%
$142,740
Cap Rate 7%
$101,957
Cap Rate 9%
$79,300
Alternative Uses
Best Use
Retail
$102.0K
$89.2K – $119.0K
NOI $7,137 @ 7.0% cap · market cap 4.76%
Second Best
Mixed Use
$52.4K
$45.9K – $61.2K
NOI $3,671 @ 7.0% cap · market cap 2.45%
Theoretical Best
Office A
$130.6K
$114.2K – $152.3K
NOI $9,139 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
2,873 visits/mo
0.2 miles
Santander Bank
Shops & Services
2,557 visits/mo
0.2 miles
Demographics for 07885, NJ
11,521
Population
4,947
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
784
Density / Sq Mi
$100,903
Median Household Income
$52,325
Median Earnings
$1,961
Median Rent
$345,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Morris County, NJ
Properties on Market for Mixed-use properties in Morris County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with storefront and residential unit on Main Street.
Where is this mixed-use property located?
The property is located at 5 N Main St Wharton, NJ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Prime investment opportunity on Main Street.; Versatile property with commercial and residential units.; Unit 1: Open storefront property.
