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    Retail Space in Thriving Strip Title is generated by Realmo AI

    50 Hopatchung Rd, Hopatcong, NJ 07843

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    Claim this Listing
    For Lease
    $2,400/Mo $26 SF/Yr (calc)

    Commercial - Hopatcong Boro, NJ

    Property size:
    1,074 SF
    Lot size:
    1.84 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 1 at 6:06 am

    Property Features for 50 Hopatchung Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Comm B-1
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    1,074 SF
    Lot size
    1.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    69070

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    STACEY MICHELMAN

    Listing agent STACEY MICHELMAN

    Listing office REALTY EXECUTIVES EXCEPTIONAL 276 ROUTE 206, Fairfield, NJ

    Listing date Apr 7, 2026

    MLS# 4019059 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location in a thriving strip mall with strong visibility.
    • Anchored by established businesses driving daily activity.
    • Suitable for various service‑oriented businesses due to previous use as a hair salon and B‑1 Zoning.
    • Ample on‑site parking for customers and staff.
    • Benefits from proximity to community staples and seasonal traffic from Lake Hopatcong.
    • 2‑month rent abatement with a minimum 3‑year lease.

    Overview

    This 669 square foot lease space presents an excellent opportunity for an established or emerging business to expand into southern Sussex County. Situated in a thriving strip mall with long-term tenants, the space offers strong visibility, steady foot traffic, and a built-in customer base. The property features a paved parking lot with ample on-site parking for both customers and staff. Previously utilized as a hair salon, the layout is well-suited for a barber shop, nail salon, florist, boutique retail, wellness studio, or other service-oriented concept that meets B-1 Zoning. The center is anchored by established businesses including 3-in-1 Deli, Frank's Pizza, a cleaners, and a cross fit facility, driving daily activity and cross-traffic. Positioned along a high-traffic roadway with both vehicular and pedestrian exposure, the location benefits from strong community engagement and is supported by nearby staples such as Walgreens, Dunkin', the local post office, police department, and town hall. Located less than 1 mile from Lake Hopatcong, the area also experiences increased seasonal traffic. The property is located on a 1.84-acre lot. An additional 1074 square feet is available. Two months rent abatement with minimum 3 year lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anthony M. Coppola, ... Pharmacy Amazon Hub Counter ... Postal Service 3 In 1 Deli ... Food Market CrossFit Whiskey Tango ... Gym & Fitness Center Frank's Pizza Hopatcong Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hopatcong
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.66239
    Latitude
    40.93467

    Nearby Similar for Lease

    • $5,000/Mo
      1,074 SF

      Retail Space in Thriving Strip

      Excellent retail opportunity in a high-traffic commercial corridor.
      50 Hopatchung Rd, Hopatcong Boro, NJ 07843-1581
      View Details
    • $5,000/Mo
      1,074 SF

      Retail Space in Thriving Corridor

      High-visibility retail space in a well-supported commercial area.
      50 Hopatchung Rd, Hopatcong Boro, NJ 07843
      View Details

    FAQs

    What type of property is this?
    Retail space - Excellent opportunity in a high-traffic, service-driven location.
    Where is this retail space located?
    The property is located at 50 Hopatchung Rd Hopatcong, NJ.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: High‑traffic location in a thriving strip mall with strong visibility.; Anchored by established businesses driving daily activity.; Suitable for various service‑oriented businesses due to previous use as a hair salon and B‑1 Zoning.
    (973) 575-6700
    We can help!
    Listing Contact
    STACEY MICHELMAN
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    50 Hopatchung Rd, Hopatcong Boro, NJ 07843-1581
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