Storefront
For Sale
Contact for pricing
51 Main Street, Madison, NJ 07940
Existing business opportunity with a storefront commercial setting.
Property Size1,499 SF
Price / SF$199.47
Days on Market53
Property Features for 51 Main Street
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Business for Sale
Additional Details
Business Included
Yes
Listing Agency:
Julie Realty Group
Listed By:
Julissa Rengifo · License #NJ 2294689
Source:
Crexi
Added: Sep 1
Changed: Oct 1
Last Checked: Oct 23 at 6:03AM
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 Julie Realty 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 storefront property is offered with an existing business and contains 1,499 square feet of commercial space. The property is located at 51 Main Street in Madison, New Jersey.
Key Highlights
- 1,499 square feet of commercial space
- Existing business offered for sale
- Located at 51 Main Street in Madison, NJ 07940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,396
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,920
$427.9K
Cap Rate 7%
$305,657
$305.7K
Cap Rate 9%
$237,733
$237.7K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $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%
$427,920
Cap Rate 7%
$305,657
Cap Rate 9%
$237,733
Alternative Uses
Best Use
Retail
$305.7K
$267.5K – $356.6K
NOI $21,396 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.4K
$342.5K – $456.7K
NOI $27,399 @ 7.0% cap · market cap 9.16%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 24%
Home Improvements & Furnishings 4%
Electronics 2%
Chipotle Mexican Grill
Dining
8,549 visits/mo
0.2 miles
Shell
Shops & Services
7,287 visits/mo
0.1 miles
Bank of America
Shops & Services
6,814 visits/mo
0.2 miles
Chase Bank
Shops & Services
5,187 visits/mo
0.0 miles
Sunoco
Shops & Services
4,788 visits/mo
0.1 miles
Demographics for 07940, NJ
18,403
Population
5,733
Households
3.2
Avg Household Size
34
Median Age
71%
College-Educated
97%
High-School Grad
4.9 sq mi
ZIP Area
3,756
Density / Sq Mi
$168,520
Median Household Income
$53,352
Median Earnings
$2,248
Median Rent
$883,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- J&M Floral and Event — 201 Main St, Madison, NJ 07940
- Stop & Shop Florist — 133 Main St, Madison, NJ 07940
Frequently Asked Questions
What type of property is this?
Storefront property - Existing business opportunity with a storefront commercial setting.
Where is this storefront property located?
The property is located at 51 Main Street Madison, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,499 square feet of commercial space; Existing business offered for sale; Located at 51 Main Street in Madison, NJ 07940
